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Sovereign House

First look at Sheffield Student Buy to Let

20/08/2014

With apartments starting at £59,999 Sovereign House is also offering assured NET rental returns of £5107 – £6390. Sovereign House is located in the centre of Sheffield within walking distance of both The University of Sheffield and Sheffield Hallam. The central location caters to all students who want to live in the heart of this… Read more

Dispute over landlord or tenants utility bill

Dispute over landlord or tenants utility bill

My tenant left an unpaid utility bill, the utility account was never in her name but the partner who always paid the bill until he left her. She then left about 3 weeks later by informing me but left the key in my post box (I live next door) when I was not at home,… Read more

Agents commission on repairs rip off

Agents commission on repairs rip off?

My letting agents **name removed by moderator** have just admitted to me that they deduct 12.5% commission from contractors invoices for repairs that they arrange on my behalf. This came to light as I was questioning why the quotes they get are always much higher than if I arrange the work myself. They claim that… Read more

Unprotected deposit counter claim

Unprotected deposit counter claim

A previous tenant left three months into the fixed term six month AST. No notice was given other than a cursory phone call and some texts asking what would happen with their deposit. In good faith I refunded half of the deposit. It seemed pointless to pursue them for outstanding rent and I actually felt… Read more

fraud

Emigrating, Remortgaging and Consent to Let

I am currently in the process of emigrating to Australia (2-3 months until D-day). Rather than sell up, I would like to rent my current property out, just in case things don’t work out and I decide to come back in a couple of years. I have approximately 80% LTV and am currently paying the… Read more

Property Management Checklist

Property Management Checklist

I have created this property management checklist to document the tasks you will already be doing if you are managing your buy to let properties effectively:-  Visiting your property, taking particulars and floor plans. Setting up a system to store your documentation securely, preferably online so that it can be accessed at any time wherever… Read more

New Landlord help needed please

New Landlord help needed please

19/08/2014

Dear Members, This is my first post so please be gentle. I am not a landlord myself but write on behalf of my daughter who is a new landlord. She purchased the house next door to us after separating from her first husband. After a while she met somebody else and eventually married her new… Read more

BTL passive startup but now seriously commited

BTL passive startup but now seriously commited

Firstly, I have to say that I have only been landlord for 3 months but already use this platform every single day to try and figure out my next steps in building my property portfolio and cost savings.  I acquired 2 BTL’s, a 2 bed and a 3 bed house in last 3 months with… Read more

Am I still liable for agent selling fees if my tenant buys after 5 years

Am I still liable for agent selling fees if my tenant buys after 5 years?

I have sold my property to my tenant after five years of them renting I used a local estate agent on a letting introduction only on a 12 month contract.  Neither we nor tenant have had any contact from agent ever since. My tenant wants to have their deposit returned which is with the agent…. Read more

Withholding some of the tenants bond

Withholding some of the tenants bond

I would like some advice on withholding some of the tenants bond.  This is the first tenant that we have had in the property and they have just come out of their 6month agreement. The tenant has had some sort of large paddling pool covering the lawn and has clearly had it up for quite… Read more

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