Darlington Landlord

Registered with Property118.com
Saturday 1st March 2014

Latest Comments

Total Number of Property118 Comments: 144

Darlington Landlord

18:30 PM, 9th October 2018
About 2 weeks ago

Straw Poll to combat further government attacks - Please help

1) 40%
2) 10
3) 4% (up to 20% might be able to afford it but don't want the hassle of maintenance etc. or would want to buy a house and almost 90% of my properties are flats)
4) 1 (who I have actually discussed it with as part of my downsizing strategy )

Most of my long term tenants are in their 40's and 50's plus a couple of pensioners (who just want someone else to look after the property) so they could have problems getting a mortgage.
My younger tenants in their 20's and 30's have less secure jobs, move around more often and typically only look to buy a house when they are wanting to start a family.... Read More

Darlington Landlord

20:15 PM, 5th October 2018
About 2 weeks ago

Shelter CEO is also confused about no-fault evictions

Maybe property118 could survey members reasons for a section 21 in the last 5 years. The membership should be large enough to be representative.... Read More

Darlington Landlord

19:03 PM, 27th September 2018
About 3 weeks ago

Darlington Landlord

17:07 PM, 30th August 2018
About 2 months ago

Help - Money Pit Portfolio?

Hi Penny
Check how your asking rents compare, It can work out better to let at a lower rent than have long voids, but I would recommend you think hard about the areas the properties are in, if there is a common thread to the problems you have had, and the potential "clients", sometimes its worth just getting out, especially with universal credit becoming widespread. I have just sold a property with a 10% plus yield on paper but in practice it was a nightmare due to ongoing damp problems (despite a dpc and tanking) and the fact that a previous tenant had put the word round it was haunted (it was a very "local demand & on benefits" area) meant long voids.... Read More

Darlington Landlord

22:43 PM, 22nd August 2018
About 2 months ago

Tenant too young to look after property

At this stage If the tenant is paying the rent and the damage is unlikely to get worse you might as well let her stay as long as she wants whilst saving up for the refurbishment, unless your local market rent is going up significantly. Also ask her to report problems to you directly as well as to the agent so you can see who is really to blame for a lack of repairs. It's also worth providing a cleaning checklist/instructions (I recomend products such as detol mould and mildew remover and Ovenpride or similar - best left on overnight, just wish I got commission!) for how you expect the property to be left at the end of the tenancy "to avoid unecessary deposit deductions". You may want to ditch the agent if its possible without a financial penalty and self manage if they are doing nothing. If you get rid of the tenant definately find a new agent or self manage. You don't have to give a reason to ask the tenant to leave if you issue a section 21 (I would recommend you check the agents have protected the deposit and conformed to requirements such as providing a copy of the gas certificate and the epc and deposit scheme proscribed information before /at the start of the tenancy first)
There are so many new rules affecting landlords you can't rely on agents and to be safe you need to keep up to date yourself via sites like property 118 and (if you have one) joining a local landlords association is a big help.... Read More