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: 101

Jim S

18:11 PM, 18th May 2019
About 6 days 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 a month 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

Jim S

13:10 PM, 20th February 2019
About 3 months ago

Ban on Lettings Fees to commence June 1st

Reply to the comment left by Ian Narbeth at 20/02/2019 - 13:02
Hi Ian,
Yes I thought it was a good example to highlight the stupidity of the ban, both myself and the tenant will want to conduct a small transaction that suits us both but the Government won't let us!... Read More

Jim S

11:36 AM, 20th February 2019
About 3 months ago

Ban on Lettings Fees to commence June 1st

So I have this morning received a request off my student tenant which is as follows:
Hi, Would it be possible to have the table and chairs removed from the kitchen?
Thanks
Now they have 4 months left on the tenancy before they leave which means if I take the table and chairs out then in 4 months time I will be putting them back into the property. Ordinarily what I would say to the tenant is "pay me £40 and I will have my tradesmen take it away for you" but as of the 1st June I can no longer make this charge so how will I respond then?... Read More

Jim S

10:55 AM, 19th January 2019
About 4 months ago

Ban on Lettings Fees to commence June 1st

Reply to the comment left by Ian Narbeth at 18/01/2019 - 10:27
Hi Ian,
My understanding is that is that the ban not only includes any charges for "up front fees" but also "Default fees" for instance writing letters to several guarantors for none payment of rent, bounced cheques, phone calls to chase rental payments, emergency call out to the property to open doors for tenants who have lost keys etc.
Now with regards to damages, from what I understand a tenant may kick in a kitchen door and after you have paid the bill you can not charge them for the cost and receive any money even if they want to pay you. To get your money you have GOT to deduct it from a deposit or go through the courts.
Correct me if I am wrong!... Read More