After nearly 30 years in this business and being the founder of Property118 and run the forum since 2011 I thought I had encountered most problems.
However, this is a new one for me.
The picture above is my “problem property”. It is in Queensway, Halifax, West Yorkshire HX1.
My tenant has moved out because of a major problem in the block. The Police and the Freehold Management company have been about as useless as a chocolate fireguard so far but I have yet to unleash our legal hounds (Cotswold barristers) onto them.
The problem is that druggies keep breaking into the secure communal areas and trashing the place. They are the worst kind, young ‘hoodies’ taking heroin so discarded needles are common place.
The freeholders are now refusing to mend the doors, smoke alarms and clear up their filth.
We only have a tiny mortgage on the property so I could just secure the place, leave it empty and sit back whilst somebody else finds a solution or the druggies eventually kill themselves or each other. However, for those who know me, I’m not like that.
My first thought was to offer to rent my flat to a hard ass ex military man or a Police officer for half rent for 12 months and see what happens. I’m still considering that.
Market rent is only £450 for a two bed flat. I’d actually accept £200 for the right tenant.
I put a post about my dilemma on my Facebook wall and many other suggestions were offered including:-
- Put up posters and give leaflets to all local residents offering a reward of £1,000 for information leading to the arrest and conviction of the drug dealers operating in the flats
- Start a Neighborhood watch group
- Contact the local amateur Rugby club and consider offering the 50% discount on rent to a couple of burly Rugby prop forwards
I think these are all great ideas.
Any other thoughts and suggestions?
Thanks in advance
Mark Alexander – founder of Property118.com