Fed up with all the landlord bashing – What’s the alternative?

by Readers Question

11:37 AM, 26th July 2018
About A year ago

Fed up with all the landlord bashing – What’s the alternative?

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Fed up with all the landlord bashing – What’s the alternative?

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



Comments

J C

21:01 PM, 1st August 2018
About A year ago

Yes, optional to get £300 discount off each property you have. They only recognise DASH, which is the whole point of the conversation, they only recognise one accreditation body. And I am looking for a estate agent that has DASH and LettingSupermarket does not have it yet.

Chris Sheldon

0:00 AM, 2nd August 2018
About A year ago

Hi All,

Firstly thank you for the positive feedback it’s much appreciated.

It has been a while since I corresponded with Nottingham CC regarding the requirement to be accredited by DASH and i have complained to them in the past that it is not feasible, as rob has already mentioned, to be accredited by every scheme particularly when working with tight margins and already being accredited by a nationally recognised body that is Propertymark/Arla as well as then being members of NFOPP, Property Ombudsman, rentsmart wales, property factors Scotland etc..all of which have a fee attached to them.

I’ve emailed both Nottingham CC following up my previous complaint as I’m yet to receive a reply and DASH to try and shed some more light on the matter.

I do however consider it at best unfair when already meeting Propertymark/ARLA’s strict requirements to be a member including meeting there CPD requirements, annual client account audits and being a member of there client money protection scheme to then have to gain further accreditation and pay a another fee which will almost definitely hold the same criteria to manage properties in Nottingham.

As soon as I receive a reply from both parties I’ll post it up

C

J C

1:28 AM, 2nd August 2018
About A year ago

Reply to the comment left by Chris Sheldon at 02/08/2018 - 00:00Hi Chris
I am totally with you. Felt the same way that what they did it is at least, inconveniencing property investors and management agents. As mentioned I am already a NLA accredited and not recognised. Wanted to work with a reputable management agent like LettingSupermarket but seems like we are facing similar issues.
If this can be solved, I will be the first to try working with LettingSupermarket moving forward, I heard a lot of good work delivered from your team.

Monty Bodkin

10:10 AM, 2nd August 2018
About A year ago

Reply to the comment left by J C at 01/08/2018 - 21:01They only recognise DASH which is the whole point of the conversation, they only recognise one accreditation body.
For the sake of accuracy, accreditation through UNIPOL is also accepted.

J C

18:39 PM, 2nd August 2018
About A year ago

Reply to the comment left by Monty Bodkin at 02/08/2018 - 10:10
If you do single lets, you could ONLY do DASH. Unipol does not do vanilla single BTL.

Monty Bodkin

19:14 PM, 2nd August 2018
About A year ago

Reply to the comment left by J C at 02/08/2018 - 18:39
I fully understand JC, no need to shout.
Just pointing it out, that's all.

Jay James

16:04 PM, 3rd August 2018
About A year ago

Reply to the comment left by J C at 02/08/2018 - 18:39 I feel your frustration with Nottingham Council. Shouting not necessary, just say "only accepted accreditation" or the like and not "recommended". This would save the contracdiction of your comments compared to when you said "recommended".

J C

19:00 PM, 3rd August 2018
About A year ago

Reply to the comment left by Jay James at 03/08/2018 - 16:04If comments left by some could have a little more substance or at last have done a little more research it would have helped, but instead quibbling over semantics may seem a little petty stuff.
To be honest, I am not really frustrated with Nottingham Council, but with the quality of the comments (to be fair, those are probably from investors not in the area in question). Hence, I do not blame them and have forgiven now.
I just wanted a solution and work with my preferred supplier LettingSupermarket. I enquired and they say they are not accredited hence I brought it up in passing.
As an investor, I am also very interested to find out whether we could invest in DASH as it is likely to turn into a multi-million company instantly.

DALE ROBERTS

22:05 PM, 5th August 2018
About A year ago

Reply to the comment left by Mark Alexander at 26/07/2018 - 13:34
I transferred one of my properties over to them in March 2017 based on your advice and part ownership. In the period since, notwithstanding a clause in the contract that stipulates regular inspections and my email requests for same, I have yet to have one.
So based on my own experience I would hesitate to recommend LettingSupermarket.com.

Chris Sheldon

16:20 PM, 6th August 2018
About A year ago

Reply to the comment left by DALE ROBERTS at 05/08/2018 - 22:05
Hi Dale,

Thanks for bringing this to my attention.

This is somewhat of an anomaly in that an inspection was instructed but we haven't received the report from the clerk and have since parted ways for various reasons.

I have instructed an inspection this morning and this is being arranged with the tenant and we shall have the report with you as soon as the clerk has attended the property.

I apologise for this and if you do have any questions then please do not hesitate to contact me.

Chris

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