The Property Man

Registered with Property118.com
Saturday 7th March 2015

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 38

The Property Man

10:14 AM, 18th November 2020
About A week ago

Excellent tenant wants a 20% rent reduction?

I wouldn't reduce the rent if am being honest. If the tenant agrees to stay maybe i would suggest that you tell them you would freeze the rent at the current level for the next couple of years and wont increase the rent giving the tenant a little more security.

If they disagree i would let them move out and advertise the property at an increased rent and in time this will cover what you have lost in the void period anyway.

I agreed to reduce the rent for a tenant who was also an excellent tenant, however as soon as i agreed 12 months later they was asking for a further reduction !!
Therefore if any tenants ask for a reduction to renew the contract i agree not to increase the rent for the next 2 years and most are happy with this.

Ever heard of the saying you give them an inch and they take a mile ??... Read More

The Property Man

10:09 AM, 24th June 2020
About 5 months ago

Guarantors for rent - worth the hassle?

Reply to the comment left by Paul Shears at 24/06/2020 - 09:34
That’s interesting, so don’t you usually take guarantors? I find the ones with guarantors behave themselves and it’s the ones without guarantors that become problem tenants,

As for Reluctant Landlord, if his mum won’t go as guarantor then this speaks for itself and a young 18 year old man on his own is a no no for me.... Read More

The Property Man

11:12 AM, 25th March 2020
About 8 months ago

Empty Property, empty rental income and still face costs?

Reply to the comment left by Marcus Cassidy at 25/03/2020 - 10:59
Yes I do agree I set up everything online also and already have the keys at a key nest location for collection so I don’t have to come into contact with the tenants or go out to move the tenant in.

I fully understand what your saying, so I may do the same but I am also making sure the tenants are a little flexible on the move in date just incase.... Read More

The Property Man

10:24 AM, 25th March 2020
About 8 months ago

Empty Property, empty rental income and still face costs?

Reply to the comment left by Simon Williams at 25/03/2020 - 10:12
I am personally just seeing how things go. If I can secure a tenant through a video tour then I will ensure they don’t need to be moved in by a certain date and they are flexible. At least I can get all the references done / inventory etc and be ready to go when the government relax things again.... Read More

The Property Man

9:57 AM, 25th March 2020
About 8 months ago

Empty Property, empty rental income and still face costs?

I have 4 properties empty at the minute that have all just undergone refurbishment and are all ready to go now, and now this has happened.

We will be doing video viewings but this is not the same as being in the property in person and getting the feel of their new home but it’s the best we can do at the minute.

One thing I can say is the council should not be charging council tax on these properties while we have them empty at this time.

Throughout the year I pay the council thousands on empty properties so during this period they should be writing off the council tax !!... Read More