Readers Questions 's Articles

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About Readers Questions
It's usually far more effective to learn from other people experiences than is it to learn from your own mistakes. "Readers Questions" are some of the best read articles on Property118.com. If you would like to seek the opinions of other landlords and letting agents why not submit a Readers Questions article of your own. We will not reveal your identity if you don't want us to. Any guidance offered by Property118 members is obviously done so in good faith and at no cost. It must not be construed as professional advice, even if the person offering the guidance is professionally qualified. It's good to know that you are not alone though and a bit of guidance can often be useful. No question is a silly question. If a question has been answered before we will let you know and point you to a link. We may ask you to post your question on another thread if it's been well commented on previously by people in similar situations or we may set up a brand new thread and bring it to our readers attention by including a link in our Newsletter. It needn't cost you a penny either :) Please see the form below. If you can't see the form please CLICK HERE


Damage caused by tenants ex - who pays

Damage caused by tenants ex – who pays?

22/10/2014

One of my tenants had her/my house damaged when her recent ex partner (father of her child and on the tenancy up until May 2014) broke in recently. The police were called and they boarded up the house.  I have received a bill from the police for this, do I pay or does the tenant… Read more

With ZERO capital, how can a newbie get into property

With ZERO capital, how can a newbie ‘get into’ property investment?

I’m sure this simple question will attract many answers – some useful, many humorous!  I’ve heard about no money down deals, lease options and similar …. I’ve also read these are a con!!! So what is the truth? Your opinion / input will be welcome. Kind regards Mark With ZERO capital, how can a newbie… Read more

Poor letting agency but no signed contract

Poor letting agency but no signed contract

21/10/2014

Within the last month I became a landlord for the first time. I’ve had little or no communication from the letting agency since a verbal agreement to put the property with them and had to chase them for the move in date for the tenants. Their communication is terrible and has resulted in crossed words… Read more

Who do you know working on R2R strategy

Who do you know working on R2R strategy?

Hello Although new to this forum I’m experienced in property and am now looking to extend my network and knowledge.  I’m currently working on the Rent 2 Rent strategy with a view to longer term investment such as a purchase option. My question is: do you know of people finding R2R opportunities in the South… Read more

£3,000 for BT to install phone line

£3,000 for BT to install phone line? !!!

I have recently purchased a bungalow. Originally there was a house with an enormous garden, and about fifty years ago a bungalow was built halfway down the garden, accessed by a narrow drive between the houses about 30m long. This was recently acquired by a developer who extended the bungalow and divided it into two… Read more

Tenant with AWOL Landlord AND Property Manager

Tenant with AWOL Landlord AND Property Manager!

Hi folks  Just need a bit of advice please. It’s a long story so please do bear with me. I rent a bedsit in a converted house and have been there about 3 years, no dramas or issues. My bedsit was broken into on Wednesday 15th Oct 2014 by bailiffs looking for an electricity meter… Read more

Rental taxation query

Rental taxation query

I have six rental properties, three in the UK and one each in Australia, France and Spain, producing a net income of around £40,000. Does anyone know if there would be any tax advantages by setting up a company to operate these?  Regards Robert

Issue of electrical installation certificate + part P notification

Issue of electrical installation certificate + part P notification

I’ve had a lot of problems with my electrician who was refusing to provide an invoice for the entire work ( labour + materials). I paid a deposit of £400, which he used to buy all the materials (smoke alarms, fuse box etc), which he never wanted to invoice for. Because I refused to pay… Read more

Switching from annual to rolling tenancy - RISKS

Switching from annual to rolling tenancy – RISKS?

I’ve had a tenant for the last two years on a yearly tenancy. I have just issued another tenancy for another year because I have always felt more secure issuing a new tenancy every year. However the tenant has asked for a rolling tenancy.   Firstly, what are the implications of putting in a rolling… Read more

Section 20 renovation works rip off

Section 20 renovation works rip off – HELP!

I’m a leaseholder of a flat in a redbrick Victorian mansion block of six flats in London W6.  My management company has just started section 20 process for “renovation works” and after a short chat with appointed surveyor the costs are estimated to be £48,000 (£8k per flat for renovation works to include front and… Read more

thermostats

Landlord/letting agent neglecting my emails for settling property maintenance claim

20/10/2014

In the month of May this year,I received my quarterly gas bills ,which was shocking as it was around 420 pounds for one quarter period. This couldn’t have been caused by my use as I am single occupant, in office 9-5 on weekdays . Anyways, coincidentally at that time boiler check was scheduled and the… Read more

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