user_14547

Registered with Property118.com
Monday 24th July 2017


Latest Comments

Total Number of Property118 Comments: 67

silversurfer2017

11:24 AM, 17th September 2018
About 4 days ago

Leaving agent that is a late payer

Reply to the comment left by Rob Crawford at 16/09/2018 - 09:36
Many years ago I owned 2 properties in Manchester. These were rented out via an agent called Homes Direct. They went bust in 2004 with £6 million in debts, mostly to landlords. Rent collection payments did start off on time but then got later and later until they stopped. I had to take HD to court to get the money owing to me but unfortunately was not able to recover all my legal costs. This agent is perhaps paying other landlords late as well? I would definitely change agents or even consider not using an agent at all and in future just use an online tenant find and reference service.... Read More

silversurfer2017

11:12 AM, 4th September 2018
About 2 weeks ago

Changed my mind landlord not moving now?

I agree with Paul's comments. I would never return the deposit until the tenant had moved out and I had the keys back. Similarly I would of course get other new tenants lined up but only sign them up when I was 100% confident they could move in. You might have a slightly longer void between tenancies but this is a far better outcome. Sometimes tenants may be unwilling/unable to move out on time because of illness or a family bereavement. IMO it is a mistake when dealing with people to assume everything will run as smooth as clockwork and make business decisions on this basis.... Read More

silversurfer2017

18:00 PM, 12th August 2018
About a month ago

Rent to Rent for Serviced Apartments

Google the Association of Serviced Apartment Providers. This gives providers for most areas of the country. They will take over your apartment and furnish it for you. They pay fuel bills and council tax. They will pay you a fixed monthly rental figure. You decide whether you want 1, 2 or 3 year contract. They take the risk as to how many nights per month they can rent it out for. In the example figures you quote they might pay you £2,600 p.c.m. but charge you no fees. They gamble on making sufficient excess over what they pay you to meet all their overheads and give them a good profit. As regards maintenance you could easily find a company to do this for you at reasonable cost. In my experience, and I currently have 2 properties each with a different SAP they will often arrange minor repair themselves if I wish and just add on a modest 10% admin charge.... Read More

silversurfer2017

12:38 PM, 3rd August 2018
About 2 months ago

Liverpool council granted my licence for less than 5 years?

This seems an ideal way for councils to make extra money but is blatantly unfair and unreasonable. Under their current rules they get paid £412 ever time the property changes hand in their stipulated 5 year period. This will often be twice and could in theory be more often than this. Pro rata is the sensible and fair way to go, with perhaps a nominal £25 admin charge. In May next year I will be aged 75 and when I buy my TV licence this October I will only pay a pro rata amount up to the date of my 75th birthday.... Read More

silversurfer2017

17:05 PM, 28th July 2018
About 2 months ago

Fed up with all the landlord bashing - What's the alternative?

Hi Jahangir - two ideas and I use them both on different properties.
1. Not really hands off but you meet some interesting people and it can be profitable. Switch suitable properties to holiday lets with considerable tax benefits. Let via an agency or Airbnb or do both.
2. For much less hassle - If you own a new or fairly new modern apartment then put it with a Serviced Apartment Provider on a company let. Full list of members and locations covered on the SAP website. They will take your apartment on a 1, 2 or 3 year let - you choose - and pay you regularly each month. Rates paid are similar to what you would get on an AST. You supply the property in an unfurnished state apart from carpets, curtains and major white goods. It is very similar to a rent to rent scheme. They let your apartment which is furnished by them to hotel standards with Sky TV etc. They let mainly to corporate clients mainly for stays of one week or more. No voids and often the SAP will organise minor repairs with your permission and you just reimburse them.... Read More