Ivan Ratnayake

Registered with Property118.com
Sunday 6th October 2013


Latest Comments

Total Number of Property118 Comments: 13

Ivan Ratnayake

15:24 PM, 4th July 2020
About 4 months ago

2nd BTL 2 bed Vs 3 bed?

Great decision, I think. There's always another deal... Read More

Ivan Ratnayake

15:30 PM, 3rd July 2020
About 4 months ago

2nd BTL 2 bed Vs 3 bed?

I would totally agree with Yasin: You can find better pickings elsewhere with a freehold property.... Read More

Ivan Ratnayake

10:53 AM, 3rd July 2020
About 4 months ago

2nd BTL 2 bed Vs 3 bed?

I do hear of some people renting out a car parking space separately as well in city centres (but not sure if this against the terms of the least). Going for the extra bedroom though, a definite plus.
My only reservation about these types of properties however are the rather expensive service charges quarterly and the ground rent.
From my personal experience this is quite prohibitive e.g £200 - £300/quarter service charge and £200/year ground rent and on balance new build flats are not one I would touch with a bargepole myself, but thats just me.... Read More

Ivan Ratnayake

10:00 AM, 3rd July 2020
About 4 months ago

Is this a Cunning Plan?

Why would an HMO licence be needed here? There are only 3 people aren't there?... Read More

Ivan Ratnayake

0:03 AM, 24th January 2020
About 9 months ago

3% rent increase reasonable?

I know there are some landlords that out of principle increase the rent every year. My personal attitude has always been to charge a little less than market rent with aim of keeping tenants longterm. A few % increase as a matter of course annually, might make a tenant look elsewhere. Having said that the type of increase you are talking about after 3 years sounds more than reasonable. However, think carefully: When you then factor in voids, readvertising, redecorating, time taken to show prospective tenants around, etc, I have never thought it was worth it for £30- £50/month. 2 years of a rent increase could be easily wiped out by all the above expenses incurred with getting a new tenant, quite apart from the unknown Xfactor of a new tenant.... Read More