Jim S

Registered with Property118.com
Monday 5th May 2014

Trading Status
Sole Owner

Providing essential rental accommodation since
1988

Number of rental properties owned
21 – 40

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 109

Jim S

17:37 PM, 31st May 2020
About 2 months ago

NAPIT electrical testing exceeds new regulation requirements?

So to be clear all electrical circuits are 100% fully tested with electrical test instruments and where people talk about not inspecting 100% of circuits what they actually mean is the VISUAL INSPECTION of all circuits that is by unscrewing sockets and lighting points etc to PHYSICALLY see if there is anything amiss. This is a bit like saying that you want to inspect 30% of all doors to see if they all close properly and if you found that some don't close properly then you go on to physically inspect the other 70%... Read More

Jim S

17:42 PM, 4th April 2020
About 4 months ago

Government have created chaos in the PRS

This is a link for the Martin Lewis Money Saving expert website who have produced a survey in which they are looking for information on the "forgotten sector" of the Governments financial help and support for persons/business due to the Coronavirus pandemic. https://docs.google.com/forms/d/e/1FAIpQLSfNTX1e6FUJNbAO1wlsLs0FSBmSaqVCpgCRIeAX9wBARINBRg/viewform
I think it's an avenue worth pursuing, I have emailed it to the NRLA to ask if they would email the link to all of its landlord members.
Below is my comment in the survey.
We are the forgotten sector: The Landlords Coronavirus cash flow problem.
Residential Landlords urgently need financial assistance from the Government to support them because tenants are not paying their rent due to their finances being affected by the Coronavirus.

A hugely increasing number of tenants are not paying their rent and this is causing financial hardship to landlords many of whom rely on the rental income for their personal income. The landlord has in effect, now become an unauthorized Bank lender to their tenants, when the tenants do not pay we are not allowed to evict them for the next 3 months (which will probably be extended) and we are expected to work with them on a payment plan.

The maximum interest we can charge is 3% over base. This is going to be a HUGE PROBLEM up and down the country, once the tenant gets into debt it will take them many years to get out of debt to the landlord but in the meantime how does the landlord LIVE??

Tenants are mistakenly thinking that as the Landlord can apply for a 3 month mortgage holiday, that this is FREE MONEY! They don't realize that we have to pay it back with interest and so they are thinking "Well I can have a rent payment holiday"
The landlord’s cash flow is being strangled because tenants cannot afford to pay or simply choose not to pay. Where is the financial support for landlords?... Read More

Jim S

23:29 PM, 14th March 2020
About 5 months ago

Called out Repairman - Nothing wrong - Can we charge tenant?

This is a great question and I notice that nobody has answered it yet, everyone I can think of (including the RLA/NLA or NRLA) skirts around answering it and just says "Deduct it from the deposit" the idea being if it is deducted from the deposit it somehow becomes a legal deduction. Obviously if an independent adjudicator makes the decision then we are covered but what if it doesn't go to an adjudicator and the tenants just agree the deposit deduction. Just because the tenant has agreed the deduction does not mean that this is no longer a prohibited fee. In theory the tenant could come back and sue you under the tenancy fees ban. Even during the tenancy if the tenants agree to pay the call out fee they could technically come back and then sue you.
Also its not a very good idea to keep banking a deposit deduction for when the tenancy ends because obviously the value of the deposit keeps reducing, so when the tenant does leave and there is cleaning, damages and rent deductions to be made you find that their is hardly any deposit left.
Is there a Government department that this question could be sent to?... Read More

Jim S

20:47 PM, 18th November 2019
About 9 months ago

Can I contract that any new tenant provides their own reference?

Reply to the comment left by Queen Victoria at 18/11/2019 - 19:08
Hello,
Page 40 of the Governments tenant fees ban guide states that requesting bank statements from a prospective tenant is part of the due diligence that they expect from a landlord and they actually use the words that this is a reasonable request for information.... Read More

Jim S

9:00 AM, 16th November 2019
About 9 months ago

Can I contract that any new tenant provides their own reference?

Following on with the thread of the original question but a slightly different situation: If the tenants request a change of sharer while the tenancy is still within the fixed period and the tenancy is going to be ENDED in favour of a new tenancy being created with the new tenant added, my understanding of the tenant fees ban document is that a landlord can not even charge the £50 or reasonable costs as the tenant fees document does not SPECIFICALLY state that in this situation you can charge £50
The £50 fee is only mentioned for where you are making changes to an existing tenancy agreement. It just seems a little strange that you can make a charge of £50 for making a change to an existing contract but nothing for having to create a whole new tenancy that the tenants request and want to get out of.... Read More