Fed up with all the landlord bashing – What’s the alternative?
11:37 AM, 26th July 2018, 8 years ago
40
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I am a portfolio landlord and now fed up with all the legislation and landlord bashing from the government.
Can your reader advise us of any safe alternatives to BTL investments.
We want to retire and ideally like hands off investment if possible.
I have couple of hotel room investments but not sure how safe they are although returns are quite good.
Many thanks
Jahangir
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Proud to be a Landlord
Member Since October 2014 - Comments: 423
5:40 PM, 1st August 2018, About 8 years ago
Reply to the comment left by J C at 01/08/2018 – 17:31“would be interesting to know who is behind all these decisions”
It seems blatantly obvious to me that Derby City Council along with other East Midlands councils are behind this insistence. If indeed this insistence (of accrediting with DASH) you mention is actually the case.
Member Since October 2013 - Comments: 1311 - Articles: 10
5:51 PM, 1st August 2018, About 8 years ago
With many accreditation schemes, you can be passported through the accreditation simply by proving your accreditation with another recognised scheme, so for example, my DASH accreditation also means that I can be accepted as qualifying for other local accreditation schemes, e.g. London landlord Accreditation Scheme (LLAS) and Midlands Landlord Accreditation Scheme (MLAS). If Lettings Supermarket has landlord accreditation (ARLA, NLA, RLA, etc) then just apply for the various local accreditations schemes as well.
I agree that Nottingham City Council may be acting unlawfully by insisting on DASH accreditation only, and they should be challenged on this, but in the mean-time, why not apply to DASH to get Lettings Supermarket passported through the DASH accreditation anyway, citing the other accreditations as proof of meeting the criteria.
Member Since September 2017 - Comments: 35
5:55 PM, 1st August 2018, About 8 years ago
Reply to the comment left by Robert Mellors at 01/08/2018 – 17:51
I was quite surprised when I was told that LettingSupermarket does not have the accreditation which is what sparked off my conversation here.
Member Since January 2011 - Comments: 12209 - Articles: 1408
5:56 PM, 1st August 2018, About 8 years ago
Reply to the comment left by J C at 01/08/2018 – 17:55
I have advised the MD of LettingSupermarket.com to read and comment on this thread.
Member Since January 2011 - Comments: 12209 - Articles: 1408
5:58 PM, 1st August 2018, About 8 years ago
Reply to the comment left by Mark Alexander at 01/08/2018 – 17:56
Ah, just got an Out Of Office reply.
Apparently, he’s on holiday until the 3rd, but with a bit of luck he may pick up the email and be sufficiently intrigued.
Member Since October 2014 - Comments: 423
6:09 PM, 1st August 2018, About 8 years ago
Reply to the comment left by J C at 27/07/2018 – 23:18
“accreditation recommended by N”
It sounds like it is you that has converted a recommendation to an insistence. Is this correct JC?
Member Since September 2017 - Comments: 35
6:27 PM, 1st August 2018, About 8 years ago
Reply to the comment left by Jay James at 01/08/2018 – 18:09
DASH is the ONLY accepted accreditation they accept. Hope I have made this clear.
Member Since April 2014 - Comments: 985 - Articles: 2
6:30 PM, 1st August 2018, About 8 years ago
Bristol has a number of accrediting bodies (landlord and agent) under their West of England Rental Standard (see their website) but unless a landlord or agent organisation agrees to their specific standard and applies to be accredited with them (for a fee!) then you won’t be recognised as accredited, even if you are ARLA etc. I suspect the Nottingham scheme is similar. I also suspect there are many similar schemes. How could a letting agent operating on a national basis cope? A national standard is the way to go but with most LA’s having variations in their standards that’s a long way off yet. As I attend the WOE Landlord Panel meetings it’s a question I can ask at the next meeting. The difference with Nottingham appears that an agent not accredited with them can’t manage a licensed property. With Bristol the WOE accreditation is currently optional and does not prevent landlords using non WOE accredited agents.
Member Since October 2014 - Comments: 423
6:40 PM, 1st August 2018, About 8 years ago
Reply to the comment left by J C at 01/08/2018 – 18:27
Next time you mean “only acceptable accreditation”, please say that and not “recommended”. Shouting not necessary.
Member Since April 2014 - Comments: 985 - Articles: 2
7:04 PM, 1st August 2018, About 8 years ago
Can someone provide us with a link to where Nottingham Council says the managing agent must be accredited by DASH? The handbook (page 10) via the following link suggests it’s optional! https://www.nottinghamcity.gov.uk/housing/landlords-guide-to-licensing-your-rented-properties/selective-licensing/