Robert Mellors

Registered with Property118.com
Saturday 26th October 2013


Latest Comments

Total Number of Property118 Comments: 958

Robert Mellors

11:15 AM, 8th February 2019
About A week ago

Stuck with low EPC empty house we can't rent?

In relation to the cost of installing central heating, as some others have already mentioned, it may be a good idea to shop around for a better quote as 5k seems a bit high. Also, there may be companies that can provide finance for this, so although you will have to pay interest on the finance, at least you would then be able to let the property and get an income with which you can pay off the finance. That way you get the EPC rating boosted up (so you can let it), you get an income (rental income), and you also get a property that is worth more (capital appreciation).... Read More

Robert Mellors

11:09 AM, 8th February 2019
About A week ago

Stuck with low EPC empty house we can't rent?

Reply to the comment left by Ian Narbeth at 07/02/2019 - 16:55
This is good advice Ian, as I have taken on properties on a Rent to Rent 6 year lease at a low rent from a landlord who could not afford to pay for improvements (and had no access to credit), on the basis that I would invest around 15k on bringing it up to a good lettable standard (it was declared uninhabitable prior to me taking it on). This has worked well and the property has been successfully let for around 5 years now. The owner would get the property back at the end of the lease period in a good condition, and can then choose to sell it or let it direct to tenants or renegotiate a further lease period with me. It solved the owner's problem, brought a property back into use, and provided a home for a family in housing need. - Unfortunately I do not operate in the Suffolk area so I cannot help with this one, but as a general principle, leasing to a Rent to Rent organisation could provide a possible solution.... Read More

Robert Mellors

10:11 AM, 6th February 2019
About A week ago

Protection for Airbnb landlords?

I believe that there have been cases where hotel guests have subsequently claimed to be "tenants", and it can be a bit of a grey area legally. This could perhaps also affect Airb&b type arrangements, plus perhaps there could perhaps be other complications as well, e.g. would this be treated as a "guest house" type business and be subject to business rates and require appropriate insurances for hotel/guest house activities? Some Airb&b "lettings" are for whole properties, not just a room in the owner's home, so this could be more likely to give rise to claims of it being a tenancy, but without an AST in place (and all the formalities and requirements of this) then it could be very difficult to regain possession.... Read More

Robert Mellors

9:45 AM, 6th February 2019
About A week ago

Letting to pet owners in light of the tenant fees ban and new 5 week deposit protection rules

Reply to the comment left by Dylan Morris at 06/02/2019 - 09:01
And other categories of tenants that most landlords would not want to let to................. Read More

Robert Mellors

9:31 AM, 5th February 2019
About 2 weeks ago

Shelter's Income and expenditure figures highlighted

I understand that Shelter have been, and still are, taking over some LA funded contracts for the provision of tenancy support services to some categories of tenants. This seems to me to be a departure or change of direction from their more usual role of providing a location (or "Helpline") for tenants to come and seek advice. If these newly acquired contracts for "tenancy support services" are being funded by the local authorities, perhaps this could influence the impartiality of advice given to the tenants (or which tenants are provided with this tenancy support). - Time will tell.... Read More