Lesley Lester

Registered with Property118.com
Saturday 10th June 2017

Trading Status

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 41

Lesley Lester

11:50 AM, 19th May 2020
About 2 months ago

Citizens Advice say tenants should not be pressured to allow viewings

Non-payment of rent is theft, Landlords are a Business not a Charity! when will these left-wing tree huggers realise?... Read More

Lesley Lester

9:47 AM, 12th May 2020
About 2 months ago

Government must increase housing support and lift benefit cap - Shelter

Strange, Shelter are now having a go at the hand that feeds them!... Read More

Lesley Lester

15:46 PM, 2nd May 2020
About 2 months ago

Labour want 'Triple Lock' for tenants

Following the comments on several PRS sites it seems to me that many Landlords default position is being victims of Government, Councils or Tenants! Whilst they are maybe happy with this situation, it only brings the whole sector down and damages the true return on investment the rest have made.
“If You Always Do What You've Always Done, You'll Always Get What You've Always Got.”
If the pundits ae right as we come out of lockdown then demand will far out strip the available properties to rent, therefore this is the time to take stock of your business and act: -
• Remember PRS is a Business, not a Charity, we are all in this sector to get a return on our investment.
• Review your business plan if you have not got one write one.
• What is your target market?
• Assess your cost of sale, i.e. what is going out against coming in.
• What is your Yield and Return on Investment, is it enough to achieve what you set out in the business plan?
• Research the local PRS rental charges, if you are not getting the right return or achieving the correct yield, increase your rent.
• Decide what conditions/restrictions you are prepared to work under.
• Make necessary changes to the minimum conditions that you are prepared to let your property, you may wish to: -
o One month’s rent in advance, regardless of who is paying.
o Guarantor for all tenants from the Council or are on Universal Credit.
o 6 months break clause.
o 5 weeks deposit or Rent Assurance
o If Universal Credit, then rent paid directly to you from outset
o Decide what is included in your rent, i.e. Council Tax, Power, Water, make them part of the Tenants responsibility.
• Once you have set out what your target market, decided what conditions you are prepared to accept, know your yield and required return on investment, ensure the property meets the expectations in this sector.
• Landlords have been demonised by the Government’s propaganda organisation, Shelter, PRS do not have a tame MP or Government funded organisation to speak on our behalf, it is a “cottage industry”. The Sector is as weak as the weakest Landlord and their weakness will drive the rents down.
At all times remember that you are a “Business, not a Charity” no one will give a “shit” if you go bankrupt.... Read More

Lesley Lester

13:20 PM, 2nd May 2020
About 2 months ago

Call for council tax relief on empty landlord properties

Going forward, if as the pundits predict there will be a pent-up desire for rental properties, for numerous reasons, maybe its an opportunity for Landlords to get the act together:-

For all council and Universal Credit Tenants a Guarantor will be required, i.e. the Council.
All rents will be one months in advance.
All future Tenancy agreements for Councils etc will have break clauses.... Read More

Lesley Lester

10:49 AM, 29th April 2020
About 2 months ago

Labour want 'Triple Lock' for tenants

If they want to give away Private Renters business, buy it at market rate, exempt of capital gains tax!... Read More