Registered with Property118.com
12th November 2018
Total Posts
0
Total Comments
67
Registered with Property118.com
12th November 2018
Total Posts
0
Total Comments
67
24th April 2024, 2 years ago
I have sold 14 of my 15 properties over the last 3 years. Some were HMO's. All bought by owner occupiers. I have been a good landlord over the last 20 years, helped many onto the property ladder and have...
Read More →Reply to comment left by Keith Wellburn at 26/03/2024 - 10:10
Reply to the comment left by Keith Wellburn at 26/03/2024 - 10:10After 20 years and 16 properties, I am nearly out now. Only one more to go. Any adverts to let that I now see are through agents. I think...
Read More →18th October 2023, 2 years ago
I have already sold 80% of my portfolio. Only 1 going to another LL. The other 20% have already had a Section 21 issued in anticipation of the bill. My advice, issue section 21 now. You can invest your money...
Read More →6th June 2023, 3 years ago
You could try for an exchange with delayed completion. That way you can legally ask for a 10 percent deposit. It really depends on the reason for the hold up and the buyers position. I made mine based on gut...
Read More →6th June 2023, 3 years ago
I have done this without any issue. Take a deposit and charge market rent and provide a contract. Win win situation
Read More →17th April 2023, 3 years ago
Our long term plan was to keep our BTL properties to supplement our pension. We are at retirement age after 20 years of being LL's (whilst still working) and have now sold 80% of our portfolio due to tax and...
Read More →Reply to comment left by Jonathan Sterling at 14/10/2022 - 18:10
Reply to the comment left by The Forever Tenant at 14/10/2022 - 18:10Your assumption is wrong. There have been massive increases in utility costs this year. Where there is an all inclusive rent in an HMO, a proportion of the...
Read More →Reply to comment left by Lou Valdini at 14/10/2022 - 10:40
Fully agree with your sentiment. We are not allowed to increase rent in HMO's with all inclusive bills, have to pay higher costs and now have to give a rebate. The insanity is never ending.
Read More →20th September 2022, 4 years ago
Hi Peter I sold a 6 bed HMO with tenants in situ in a different city through a standard Estate Agent. It took 3 months and I received a very good price. It is quite straight forward as the solicitors...
Read More →23rd August 2022, 4 years ago
Any good landlord looks after their tenants but also needs to treat their investment as a business. For our long term tenants, rent has always been kept below market value. However, our mortgages are IO trackers and our costs have...
Read More →3rd August 2022, 4 years ago
It is not only student accommodation that will be affected. All HMO's will suffer. It's a nightmare now with the current energy costs where rooms are let bills included. Post graduates, doctors, etc often rely on HMO's as their contracts...
Read More →28th July 2022, 4 years ago
My properties are selling fast. I am no longer prepared to be a sitting target.
Read More →Reply to comment left by Philip Savva at 27/05/2022 - 09:04
Reply to the comment left by Philip Savva at 27/05/2022 - 09:04What about selling? I have another sale completing today and another that I am instructing for sale. I am now retired and cannot afford the risk of getting a...
Read More →1st May 2022, 4 years ago
During lockdown I landed up with only the ASB tenant in an HMO as the others left. Not only was I left with unpaid rent but all the utility bills, mortgage and Council tax and not allowed to serve an...
Read More →Reply to comment left by John Haynes at 27/04/2022 - 17:46
I have tried to sell with tenants in situ. It limits the market even more as most landlords want vacant possession as most mortgage companies will not lend with tenants in situ. It not a matter of making money, its...
Read More →Reply to comment left by Lou Valdini at 27/04/2022 - 13:27
I could not have put it better myself. It's now not about ROI (return on investment) but ROH (return on hassle) and it no longer stacks up either way!
Read More →27th April 2022, 4 years ago
The threat of S21 being withdrawn is why I am serving notice now. Keeping property maintained and tenants happy is hard work on top of additional tax and the risk of huge fines for making a tiny mistake. Shelter will...
Read More →Reply to comment left by Martin Roberts at 27/04/2022 - 09:52
Reply to the comment left by Martin Roberts at 27/04/2022 - 09:52In my 20 years as a Landlord and hundreds of tenants, it has been less than 1% that have been issued an eviction notice. Not one of them without...
Read More →27th April 2022, 4 years ago
I am one of the GOOD landlords that are selling before Section 21 is removed. The risks are now too high. I have been selling as tenants leave but will sell the remainder of my portfolio after issuing Section 21...
Read More →22nd April 2022, 4 years ago
In my experience serving a Section 21 is less confrontational, even if a Section could be served. Once you serve a Section 8 you are into legal territory and that is when tenants did their heals in. ASB is really...
Read More →Showing 20 of 67 comments