Richard Greenland Richard

Registered with Property118.com
Saturday 16th November 2013


Latest Comments

Total Number of Property118 Comments: 41

Richard Greenland Richard

9:09 AM, 31st December 2012
About 8 years ago

BMV property deal gone wrong - what would you do?

Mark is right and its all about research - doing your own. BMV suppliers have a strong vested interest in appraising the value as high as possible, comparables can be used selectively and refurb costs routinely ignored. It sounds like the short lease was ignored in this case, but any lease below 80 years significantly devalues the asset, and the depreciation increases exponentilally as the lease shortens. You have a statutory right to extend it and there is a formula for calculating the value of the extension that has to be adhered to unless mutually agreed otherwise. ... Read More

Richard Greenland Richard

17:26 PM, 1st December 2012
About 8 years ago

Spoilt for choice with good tenants - which should I choose?

I'd take the family as they are most likely to stay the longest. Additional superficial damage is no issue if they are staying long-term. Perhaps the void is an opportunity to do a bit of preventive maintenance?... Read More

Richard Greenland Richard

11:19 AM, 20th November 2012
About 8 years ago

HMO Licensing Fees - Oxford Council Humiliated

Good call Mark. Seems to me it's yet another case of Stealth Tax. Every year more regulation, it just makes it harder for anyone to do business. Except where we really need (the banks) where too much was cut in the '80s and this government too is scared to put it back.... Read More

Richard Greenland Richard

10:28 AM, 14th October 2012
About 8 years ago

Preventing Water Damage In Rental Properties

Two little tips I could add. Use silicone sealant around the edges of the vinyl flooring to stop any splashes finding their way to the ceiling below. And if the walls and ceilings are insulated they won't attract as much condensation therefore less black mould as condensation needs a cold surface to form on. ... Read More

Richard Greenland Richard

1:55 AM, 7th October 2012
About 8 years ago

Open Letter to The Property Ombudsman - Agents Operating Illegally

Thanks Mark for this excellent initiative. Dishonest operators have been fleecing the unwary this way for far too long. I used to spend time outing them, but the reality is there seems to be a never-ending supply of gullible people desperate to thrust money into their clutches. I've got limited time and frankly I've run out of patience, so it's really good to know there is an official body to send dodgy-sourcer spam to and laws in place to deal with them. Probably Mr Hamer will need to hire an assistant! ... Read More