Jim S

Registered with Property118.com
Monday 5th May 2014

Trading Status
Sole Owner

Providing essential rental accommodation since

Number of rental properties owned
21 – 40

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 104

Jim S

19:03 PM, 14th September 2019
About 2 days ago

Former MPC member says government approach to the PRS is "incoherent"

I love the fact that people have now started to refer to the attacks on landlords as a "War on landlords" even the RLA have used the phrase a war on landlords! The government need to be publicly shamed for their actions against the PRS in particular the immoral tax attacks. I have suggested this to the RLA/NLA many times that what is needed is a nation wide shame campaign to truly highlight the immoral practices of the Government. If rogue landlords are to be called criminals then the immoral MP's who allow retroactive taxation should also be called criminals and referred to as criminals in all communication and newspaper reports that the RLA/NLA produce.... Read More

Jim S

9:32 AM, 29th June 2019
About 3 months ago

Government plans for deposit passporting

Reply to the comment left by Mike at 28/06/2019 - 11:43
I agree with you entirely, how great it would be if the Government were to ban deposits because then all landlords would operate on a level playing field. Obviously the rent would go up to cover all of the debts that we would incur but at least we would not be getting screwed over by the deposit protection schemes and the associated paperwork problems. We would then all effectively be forced to go to court to get any money that we were due.... Read More

Jim S

12:00 PM, 1st June 2019
About 4 months ago

Tenant fees ban interpretations and exceptions

Hello Robert,
I personally think that the fee you have suggested as being fair ie £20 for a viewing and £50 for a sign up is ridiculously cheap, the £20 for a viewing is not horrible although to fully cover costs I think this should be £30
but if you can sign up a group of 7 students and pay the deposit insurance fee and cover your costs for £50 well you need to teach me how!! I think £250 is fair for a sign up. What would a Solicitor charge for doing the sign up for us and are we any less entitled to the same rate?
I have written to the RLA/NLA and asked then to establish a national landlord labor rate pounds per hour. Obviously they never replied because they never do reply to my suggestions but is this now the time to decide a national landlord labor rate? The so called "reasonable costs" that we are allowed to charge is no good and as an industry we should now have REALISTIC approved costings that we can all work to. The Manchester City Council HMO inspection officers charge out at a labor rate of £40 and they are relatively unskilled people so we should be entitled to charge out at higher than that.... Read More

Jim S

18:11 PM, 18th May 2019
About 4 months ago

Best Deposit Protection for disputes?

Taking a deposit has now become a complete joke as the deposit schemes quite literally abuse the landlord, they are supposed to work on the "Balance of probabilities" but they don't. The amount of work AND RISK involved in taking a deposit not makes taking a deposit not worth the effort and cost. There is risk because if we don't get it right then we lose our Section 24 notice and possibly have to pay large fines, the time effort and cost is significant but then we are finally abused by the deposit scheme when we come to make a claim. There is simply too much work in trying to prove your claim for a deposit, the deposit schemes try and coerce you into accepting a compromise with your tenant because you know that if it goes to adjudication you will probably lose on a technicality or they will quite simply just rule against you and then you have another fight on your hands trying to complain against them. I have complained against the DPS quite a few times and actually got extra cash out of them but obviously it was not worth the work I put in to make them pay the extra cash.
The deposit schemes are not fit for purpose and yet the landlord organizations hail them as a great success, why - because they make money out of the schemes through the insurance commissions or the interest they received from cash deposits. Its too easy for the tenant to challenge a deposit claim and then really hard work for the landlord to prove his case.
These zero deposit schemes are no good either!... Read More

Jim S

10:45 AM, 20th April 2019
About 5 months ago

Make for the Exit

Reply to the comment left by Cathie Hawkins at 17/04/2019 - 17:08
This is a very important comment, so homelessness is going to go through the roof!
I have just had my 65 year old neighbor ask me if she should rent out her house for a year or two or sell it as she plans to move in with her new partner, my advice was to sell now as she may not be able to get the property back to sell in the very near future.
Residential rented property has now become a volatile stock and is no longer a blue chip asset class.... Read More