Dennis Stephenson

Registered with Property118.com
Friday 9th August 2013


Latest Comments

Total Number of Property118 Comments: 11

Dennis Stephenson

8:20 AM, 4th August 2017
About 3 years ago

A Game Changer For Landlords

I work in a store selling all manner of housewares - bedding, kitchenware, curtains and so on. I can usually spot landlords as they buy multiples of the same item and spend huge amounts of money. Although I am no longer a landlord I always publicise this site and outline the benefits of it - the fantastic accounting, legal, practical advice and the fact that the members are all landlords or affiliated to the sector. I shall continue to recommend membership.... Read More

Dennis Stephenson

15:09 PM, 19th April 2014
About 7 years ago

Will the Mortgage Market Review be a money spinner for Landlords?

For the past 10 years we have been ( and I suppose still am since I still own a rented property ) an accidental landlord in that, having been made redundant from a bank I had a bit of spare cash and we bought my son's house outright as he ran into financial difficulties. To cut a long story short he moved out and we renovated the property and rented it. We bought a second property with a mortgage raised on the first one which we gutted, put in dormer rooms and rented to family. Anyway recently my son moved into this second property and we foresaw problems ahead so we tested the market with the first property and sold it, getting what we wanted for it. As a small time landlord we didn't see any real advantage in us continuing. In York the market really didn't decrease a vast amount because of its location to the major centres of Leeds/Bradford, Harrogate and Hull and its mainline and motorway links. Do I regret getting out? No, not really. I'm financially secure at the moment and getting closer to retirement every year have decided that we didn't want the hassle any more. Reading articles such as this has only reinforced our decision.... Read More

Dennis Stephenson

13:21 PM, 12th March 2014
About 7 years ago

Should You Employ an Estate Agent?

We used an estate agent to sell one of our properties. He used to be with a chain, went it alone, gave that up to do something else for a while and came back into estate agency. We put the house on the market late last year and didn't expect anything to happen in the run up to Christmas, which it didn't. But just after New Year, literally, an offer came in just a smidgen under our asking price which we accepted. His charge was 1% which was lower than anybody else and the sale went through smoothly. I would use him again as he and his staff were efficient, friendly and professional. The solicitor used was equally so. We received the monies the same day as completion and is now sitting in our bank account offsetting the mortgage on our abode. At this sort of level I would use an estate agent but if the charge had been any higher than say 1.5% then they would not be on our list. Not sure if we would have got the buyers that we did of we had been advertising privately.... Read More

Dennis Stephenson

14:21 PM, 7th March 2014
About 7 years ago

Guest Article from Rob Moore of Progressive Property

Yes I am fairly well educated with a CompSci degree and a fair amount of experience. The immediate thing that struck me about the article is that it wasn't really about being a landlord, what was said was too general. Taking out the odd reference to property, if that article had appeared on a shareholder site or a site dealing with selling high value cars then it would have been just appropriate. It was all about property investment and opportunity which, although part of our motivation for being a landlord, is only just a part of it. If just making money was our goal then we'd be buying shares which is as risky but without the hassle. Vanessa was right in that the word tenant was not mentioned once and I've always found her views helpful so you having a go at her as you did was a little out of order. Just from the tone of the article, nothing personal involved as I don't know him from Adam, then I would have classed him more in the boiler room scam area than the professional sales area. Remember, I have said just from the tone of the article. Perhaps if his article had been a bit more relevant to us as landlords then I might have accepted what he had to say. Please Vanessa and Mark calm down the comments - it appears that you are both getting entrenched in your views and nothing is really being gained in your posts.... Read More

Dennis Stephenson

11:33 AM, 6th March 2014
About 7 years ago

Guest Article from Rob Moore of Progressive Property

No disrespect Mark but the whole tone reminds me of a lot of the scam emails I receive every so often for many get rich quick schemes or the latest medication/preparation to cure everything from diabetes to cancer. The separate paragraphs for each sentence, the questions every so often, the bold and/or underlined text and the drawing one down the text without really saying very much - just everything couched in general terms. Admittedly the opportunities are there now that weren't five years ago but then I could say that in a lot fewer words ( guess I just have ). So no, I am very excited about the potential for the housing market and the rental market in a reserved way but an inspirational article, probably not. The whole article just appears very cheesy to me. Sorry.... Read More