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She can live there without a lease, paying rent, for as long as you let her. Once a tenant is on a periodical rent, rather than a fixed term lease, you should be able to give 60 days notice to vacate.

You've hit the nail on the head! For me, I recognise that I can't do it myself; I don't WANT to have to keep up to date with all the tenancy law changes and deal directly with maintenance requests. Each to their own - and I'm willing to pay specialists to do their jobs - PM, accountant...

Yeah, it's not really small change, but as only 1 of our IPs is within reasonable distance, that's also a big driver! :D

This is one of the reasons I DON'T self-manage. I'm a softy and any hard luck story would prevent me acting professionally.