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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


Management agency quit without notice

Management agency quit without notice

26/05/2016

My Father died suddenly, leaving me to manage a small portfolio that provided income for my Mother. I live many miles away and was lucky to find a good agency (After first experiencing a bad one.) Recently the owner sold out to another company. There was no notice, but they assured me the transfer would… Read more

Tax statement from letting agents?

Tax statement from letting agents?

25/05/2016

My new letting agents normally sends me a monthly rental statement, but on my May 2016 statement there’s a deduction of £75.00 plus vat. I did received an A4 sheet of paper from the letting agent with the last six months rental and deduction as a tax statement, but thought nothing of it! I questioned… Read more

Transferring BTL deposits from my trading company to SPV?

Transferring BTL deposits from my trading company to SPV?

23/05/2016

I’ve been contracting through a one-person limited company for 5 years now and have accrued profits that I’d like to invest in Buy to Let properties. I’ve read about setting up an Special Purpose Vehicle (SPV) to invest through, but what I can’t find any details on are the options for transferring the deposit between… Read more

Should I be doing my own repairs and improvements?

Should I be doing my own repairs and improvements?

Over the years I have done a lot of work to my own properties, because I have been involved in the building trade for many years I am reasonably multi-skilled and as such I have done a lot of work on my properties myself. Most recently I have improved a property significantly and spent about… Read more

Agents using advertising photos of my properties?

Agents using advertising photos of my properties?

Last year I used a few estate agents to let my two properties in two different areas. Somehow, one of them was successful in letting both. I however noticed that six months on two agents (one of them who was successful) are still using the photos and address of my properties on their general property… Read more

Convert to HMO or Register for council tax or Sell?

Convert to HMO or Register for council tax or Sell?

I have 3 HMOs 2 registered and one I was told was not registerable. I was told by the HMO man from the local council as it was self contained units so we just carried on as we were. I’ve now had a letter from the council/valuation department to tell me that as they are… Read more

2nd property tax when buying out share of jointly owned inherited property?

2nd property tax when buying out share of jointly owned inherited property?

When our parents died a few years ago my siblings and I inherited their house. My sister, living away, wants to return to live there eventually, but was unable to buy the others out at the time. We therefore agreed to transfer the property into our joint names and let it pending her being able… Read more

My letting agency has been bought by old one!

My letting agency has been bought by old one!

I used an established Letting agent to take on my tenant. However, as she had no references she paid 5 months rent for a 6 month contract. The agency never gained access to inspect, but continued on a one month rolling on contract. I warned the agency I was a month out at the end… Read more

Problems with a joint tenancy and one wants to stay?

Problems with a joint tenancy and one wants to stay?

Has anyone else had a problem with this situation? We let a three bed property on one AST naming the three tenants and the full rental price. The problem we now have is that two of the tenants want to leave and have given their notice, but the third person wants to stay, and is… Read more

Second property Stamp duty Just because we live together?

Second property Stamp duty Just because we live together?

20/05/2016

To avoid second (and subsequent property) stamp duty I suggested to my conveyancing solicitor that my partner who has not owned property for several years use my funds to purchase a property (approx £60k) purely in her name and as a cash purchaser. We live together and plan to marry later this year. I have… Read more

What is the eviction process for company let?

What is the eviction process for company let?

I let an apartment out to a serviced apartment company using a normal AST. The company now unlawfully sublet out to a sister company without my permission, to their clients as serviced apartment rooms. What’s my position if I were to evict? Would it be easier than normal residential tenant eviction? Many thanks Mike

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