Andy Graham

Registered with Property118.com
Tuesday 27th June 2017

Trading Status
Company

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 11

Andy Graham

9:41 AM, 11th August 2018
About A year ago

What does the future look like for HMOs?

Reply to the comment left by Old Mrs Landlord at 11/08/2018 - 08:31
Hi Old Mrs Landlord, and thanks for your contribution.

The idea that landlords look only buy neglected properties that need refurbishment that wouldn't otherwise be purchased is a distorted and micro view of the PRS. The majority of the PRS is tied up in property owned long term and cash owners are the biggest of any tenure group, of whom interestingly have seen 40% of a their return come from capital growth alone. Only a tiny fraction of landlords buy with the desire to refurbish, and only a tiny fraction of those properties could otherwise not be bought by owner occupiers (i.e. are not mortgageable). Furthermore to my point, very few proeprties end up derelict and uninhabitable for any reason other than the legalities underlying the ownership (deceased estates etc). Owner occupiers buy properties requiring refurbishment as much as private landlords do.

Between April 2016 and 2017 the number of households renting increased by 164,000, 3% more than 2016. Countrywide forecast that the sector will continue growing in 2018, and over the next five years. By 2022, 20.5% of households will be renting in GB, up from 19.4% today. By 2025 the sector will reach six million households.

The reason the PRS contributes to (housing) price inflations is because as an investment class, it continues to outperform many others, so investors stick with it, hold long terms and keep buying. Many factors contribute to rises in house prices, but the proportional reduction in availability of homes to owner occupiers outlined above, because private landlords are buying homes that could otherwise suit owner occupiers, is one of these reasons.

I would agree with you that (one of the other reasons) rent inflation has happened as a result of government meddling. The point is multifaceted though and expands beyond national economics and politics and is actually tied to international geopolitics too (... lets see what Brexit does, as just one example).... Read More

Andy Graham

12:52 PM, 18th December 2017
About 2 years ago

I am new to student letting?

Hi Steve. I've been letting to students for approximately 8 years and as a co-founder of Smart Property, also oversee all of our lettings and purchases of student properties across a number of cities (although not Coventry or London I'm afraid). Like most things, there are pro's and cons. to this tenant group. I am a huge advocate for student letting because rentals are predictable and secure. We rent on single joins and severely liable tenancies, each tenant must also have a guarantor and the contract is for a fixed term of 51 or 52 weeks. Students typically sign up several months earlier too, so we're now 90% let until July 2019 which is a great position for a landlord to be in. Obviously the elevated rent opportunity is another plus, and on the whole, our students are lovely people who cause very little trouble. Some things to consider off the bat though: Students are picky, if a property is in the wrong area or street, they won't be interested. Standards of student accommodation have risen greatly so you must consider the competition even if your properties are in the right area. There may also be considerations for Article 4 and HMO licensing and if you have lending, so you should look into viability in the first instance. You will need the appropriate lending consent/product and compatible insurance.... Read More

Andy Graham

19:41 PM, 26th November 2017
About 2 years ago

Should student landlords offer All-Inclusive Bills in 2018?

Reply to the comment left by Rob Crawford at 20/11/2017 - 13:26
Hi Rob! Thanks for your comments! I agree with everything you say, and I certainly don't enjoy managing fridges - getting rid of them is even worse!!!... Read More

Andy Graham

19:39 PM, 26th November 2017
About 2 years ago

Should student landlords offer All-Inclusive Bills in 2018?

Reply to the comment left by Anne Noon at 20/11/2017 - 13:32
Hi Anne! Thanks for your comments! I agree that providing cleaning can be another very good inclusion. We offer this on all of our professional lets, and in a selection of the student properties for an additional fee! I also agree with you on having a 'cap' on utility usage which we enforce through the terms of each tenancy agreement!... Read More

Andy Graham

19:33 PM, 26th November 2017
About 2 years ago

Should student landlords offer All-Inclusive Bills in 2018?

Reply to the comment left by Whiteskifreak Surrey at 20/11/2017 - 12:10
Hi Whitefreak Surrey - sorry for the slow reply, I haven't been getting notifications of comments on my posts for some reason! Glad you found the article useful though. My opinion and experience is that wifi is the most important inclusion, particularly with the students. I have found that delays in connecting up (new providers take in the region of 2 weeks) is a frustrating issue for tenants. You are correct in that at times, service bandwidth can drop, but our again, my experience is that tenants are usually understanding of these factors that are beyond the control landlords! If tenants smashed a router, (under our tenancy agreements) they would have to pay for the replacement and would have to wait until they were reconnected.... Read More