Alex Chard

Registered with Property118.com
Wednesday 12th June 2013


Latest Comments

Total Number of Property118 Comments: 14

Alex Chard

9:11 AM, 10th July 2014
About 6 years ago

Taking deposit and first months rent

We make it clear early on that we will not hand the keys over until the rent and deposit are cleared in our account, or paid cash or card on signing. We then also remind them a week before move in.
As an agent, it's a bit easier to insist on this, as they come to our office to sign. I can understand tenants being a bit less keen with private landlords.... Read More

Alex Chard

19:04 PM, 17th April 2014
About 7 years ago

Refused a copy of check out report!

I'm an agent, and your agent is wrong.

Your agent is just that, your agent. They are dealing with your matters. Anything they have sight of, that is to do with your property, you can have access to.
You are just paying them to do the work you don't have the time or inclination to do. At any time, you can ask for copies of the entire file, and they are obliged to give it to you. They would then be at liberty to charge you for their time compiling that as per your terms of agreement, but they cannot refuse to give you any documents pertaining to your property, or it's tenants..... Read More

Alex Chard

14:10 PM, 15th April 2014
About 7 years ago

Questions from a property speculator

Personally, I'd prefer to buy 3 properties cash, and rent them out.
It's a split strategy, so doesn't have all my eggs in one basket. I'm guaranteed the rental income (which will be higher than your estimate, but I understand the figures), which hedges against no price rise.

It comes down to how you evaluate the risk.
For me, the risk of only having the price rise as my ROI is greater than the risk of renting, probably because I'm a letting agent.
Mark's strategy is the highest risk, as you're now adding debt to the equation. If there is no growth, and the rental income is used to pay the debt, you've got no return on your investment.

Obviously no growth over the next 6 years is unlikely, but has to be considered. If you're comfortable that's not a risk, then it changes the evaluations I've made.... Read More

Alex Chard

11:43 AM, 15th April 2014
About 7 years ago

Rent to Buy.... good or bad?

Hi Maria

There's a lot of this about at the moment.

Depending on what you've been offered exactly, this person will pay your mortgage, while collecting the rent. This means they make some money without actually having to buy the property.

If you just want to get rid of the property, and are not in a rush for the money, it may suit you to do this, as you'll get the asking price with no hassle.

If you do decide to go ahead with this, be sure to get some very good legal advice, as the contracts need to be watertight for both you and the purchaser, and there are some less than scrupulous people out there.... Read More

Alex Chard

16:33 PM, 25th November 2013
About 7 years ago

Property Research Tool

I like that a lot, it makes it very simple to see various pieces of information in one place.... Read More