Mike T

Registered with Property118.com
Wednesday 11th September 2013


Latest Comments

Total Number of Property118 Comments: 4

Mike T

16:37 PM, 18th January 2016
About 5 years ago

How to reduce costs in first HMO?

We have a few HMOs with professional tenants and just have coin meters on the tumble dryers, but not on anything else. They were actually rather expensive to buy and install and we are not sure if it was actually worth it.

We have a clause in our tenancy agreements which says that if the bills exceed a certain amount then the excess will be split equally amongst all the tenants. The bills have never come anywhere close to that amount - if they did we would point this out to the tenants.
I am not sure how difficult it would be to collect any overspend, but it just makes the tenants aware that they should be considerate when using gas/electricity. This system works well for us.
I think the best way to control your costs is by being honest with your tenants and keeping them on your side.... Read More

Mike T

19:37 PM, 19th July 2014
About 6 years ago

Leak into flat below

Thanks Mark Alexander.
The Management Company confirmed that the downstairs owner should contact them and claim on the block insurance. As you suggested I said I would pay her excess. We will wait for the insurance assessor's report ........ Read More

Mike T

11:40 AM, 14th July 2014
About 6 years ago

Leak into flat below

Hi Mark
Thanks for your advice. I will contact the management company and see what they say.
Just to clarify, the owner downstairs did use a dehumidifier actually and she was the one who sent photos of her ceiling.
Also, my tenant mended the leak because he knew how to.
Thanks once again
Pam... Read More

Mike T

8:31 AM, 11th September 2013
About 7 years ago

Condensation compensation

Reply to the comment left by "A Jenkins" at "09/09/2013 - 20:36":

Have you thought about secondary glazing. I had some in one of my flats and it was great, and it's much cheaper than double glazing.... Read More