Martin

Registered with Property118.com
Monday 12th March 2018

Trading Status
Partnership

Providing essential rental accommodation since
2005

Number of rental properties owned
21 – 40

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 23

Martin

12:56 PM, 4th December 2019
About 4 days ago

No surprise tenants have suffered intense rent increases this year

I can only speak for myself, but my rents in the areas where it is mainly USAF tenants have remained static, but that is because you don't have to reference them.
The areas where I have UK tenants I have seen between an 8% and 10% rise in the market rate. I simply advertise my property to be the cheapest one of that size and standard so without making any conscious decisions the market has raised my rents. However all of the letting agents I use have increased their "find and sign" price by over 20% to cover their additional costs.... Read More

Martin

13:08 PM, 29th November 2019
About A week ago

As a Landlord in the General Election I intend to vote for:

Quite saddened about the post I'm about to write.
I've spent hours trawling through manifestos and proposals that will directly affect myself and my family. I've talked to many people and to steal a phrase from a friend of mine the Labour party have a "disconnect with success" and as such appear to be out to penalise the "haves" despite the fact that the vast majority have worked hard for it.
I voted remain and I am a firm believer that Brexit will massively damage our economy and country for many years to come. I also happen to believe that there is a very good chance that in the event of a second referendum the result would be very different.
I am also believer in Democracy and I accept that however the initial referendum was run and whatever untruths were told the leave vote won.
From my previous posts you will see I favour a second referendum and have previously stated I would be happy whatever the result, because we would be sure.
Now we come to the bit that saddens me, throughout this entire process I have always held the belief that we must do what is best for the country and the collective good. Regardless of whether you agree with my opinion that is where my stance has come from.
Over the last few days I have felt myself being boxed in by the tax proposals and manifestos to the point where finally I feel I have to make the decision based solely on my own circumstances.
For me personally the least worst is now Conservative where i have to vote for a proven liar and his roughshod version of Democratic politics because financially anything else in the short term is a disaster.
As I am not naive enough to believe things proposed by other parties won't be poached in the medium term I think I am only putting off the inevitable.
Moving forward I have made the decision to sell my outlying properties as they come up. The properties I have near to the American airbases I will keep, and I will no longer rent to UK tenants only USAF. I now expect over the next 5 to 7 years to sell my entire portfolio.
How on Earth did it come to this?
I predict we will leave on January 31st, but it will have a minimal effect as we enter the transition phase, at the end of 2020 we will have a few trade deals in place but not many. Business will dribble away from the UK over the course of 2020.
The recession will start properly in 2021, when we leave properly. Then the rebuilding starts and somewhere between the mid 2020's and early 2030's we will start recover and become an economic power again. By 2040 we will have reapplied to join Europe as it will be the way forward to world markets and better trade deals.
The above are simply my thoughts and my opinions and I'm not looking for an argument or to upset anybody it is just how I see it.
From my individual point of view I now feel the best thing is to quietly pack up my tents and slip away while the world isn't looking.
How very sad.... Read More

Martin

13:17 PM, 27th November 2019
About 2 weeks ago

Labour Manifesto - Attack on the PRS

Reply to the comment left by The Forever Tenant at 27/11/2019 - 10:25
I actually agree with that, but it isn't just the fine, it's everything else that goes with it.
The stress of a protracted case ( which it would be) the expense of defending yourself and as previously mentioned you can be sure rent won't be paid while this is happening.
So no rent means no ability to pay that mortgage, repossession then credit rating through the floor.
Lender takes the property, evicts the tenant eventually and sells at a massively reduced price and I lose my 25 to 30% equity I had in the property.
Now in reality I would continue to fund that mortgage but I couldn't do if I had 2 or even 3 going on at the same time.
My properties are spread over 4 towns and many of them are next door to each other.
It's not a huge leap to imagine the conversation over the garden fence of " I'm not paying rent anymore, it was easy all I did was....."
Or worse it becomes one of Shelter's suggestions.
So out of everything suggested if you join the dots for me this is by far and away the scariest.... Read More

Martin

13:46 PM, 26th November 2019
About 2 weeks ago

As a Landlord in the General Election I intend to vote for:

Tony Blair has floated an idea gently that might take root.
His suggestion that the price of a coalition Government with the Lib Dems could be that Corbyn steps down.... Read More

Martin

20:20 PM, 25th November 2019
About 2 weeks ago

Labour Manifesto - Attack on the PRS

Reply to the comment left by Whiteskifreak Surrey at 25/11/2019 - 20:08
I have worked out if i got hit with that sort of fine i would have to sell at least 2 houses to cover it.
The first one would be easy but how do I explain to the second tenant?... Read More