Steven Tennant

Registered with Property118.com
Monday 23rd March 2015


Latest Comments

Total Number of Property118 Comments: 6

Steven Tennant

7:06 AM, 5th December 2017, About 4 years ago

Landlords fund-raising for the homeless

Hi All,
Just a quick question regarding homelessness.
Apart from Sheffield, do you know of any other councils around the UK that have a Private Rented Solutions scheme, where the council will facilitate, then offer continuing tenancy support between a vulnerable / homeless person and a private landlord, thus easing the councils "legal duty" list ?... Read More

Steven Tennant

13:32 PM, 30th November 2017, About 4 years ago

Landlords fund-raising for the homeless

Reply to the comment left by Mark Alexander at 30/11/2017 - 12:57
Hi all,
I am willing to donate some of my time to this project.
I'm a time served carpenter / joiner who progressed to site manager (newbuild housing and refurbs). I live in the same area as Robert in Sheffield.
I have a portfolio of properties and do all of my own maintenance and aquisitions.
I also have links with a Sheffield based homeless charity, and let 7 of my properties to them on Company Let Agreements.
Let me know if you need my help.... Read More

Steven Tennant

7:55 AM, 30th November 2017, About 4 years ago

Landlords fund-raising for the homeless

Why not identify any clients that show "promise" and train them to become support workers of the future. You could also train / use other clients for maintenance and gardening etc if they are struggling to find work ?... Read More

Steven Tennant

17:20 PM, 28th March 2016, About 6 years ago

Buy to Let starting out - Families DSS Student HMO?

Reply to the comment left by "Robert Mellors" at "28/03/2016 - 16:50":

Hi Robert,
I first started using the PR Solutions team 5 years ago in Sheffield and have no complaints at all. Any problems and they are "on the ball" immediately, they also have access to the HB computer system, so can answer any queries with no delays.
The only worry I have is that they are now rolling out UC in Sheffield but only for single claimants, so I ain't affected just now because all my tenants are vulnerable young girls with children but am gradually moving the properties over to charities on company lets.
Have you had any dealings with Sheffield's PRS ? If so, Do you know Lem/ Stewart/ Kate ?
The last "void" I had was a young mother who had recently found full time employment, needed to move to s35 from s5 and the house was re-inspected, re-viewed, and re-let within 6 days by PRS.
When I purchase a new property, it is normally occupied within 10 days using PRS. They must be more efficient these days?... Read More

Steven Tennant

16:08 PM, 28th March 2016, About 6 years ago

Buy to Let starting out - Families DSS Student HMO?

Excellent advice Robert.
I have a portfolio of 15 properties in the Sheffield 5/6 area, and all are let to DSS tenants through Sheffield Council's PRS Scheme. A couple are also let through a homeless youth charity. Over the last 5 years I have had hardly any "voids" only when property is first purchased and usually takes 2-3 weeks to prepare to a basic spec / viewed / let and start making a return on investment. All properties are self managed, as most agents in my area seem to be untrained, over paid, not to be trusted con merchants.
The latest joke doing the rounds in Sheffield at the mo is " How can you tell when a letting agent is lying ???? Answer, " Their mouth opens !!!
I can't understand why anyone in the BTL industry would not use mortgages for leverage because at the end of the day it is "return on investment" that really counts and not "yields".
For example 25% ltv btl interest only mortgage on a 60K house in S5, repayments typically £140 per month. HB direct to landlord is 107.11 per week or £465 per cal month, profit just under 4K per property minus repairs/ gas cert/ insurance, works out approx 3.5k per year on a 15k investment.A annual 19% return on investment ain't bad plus the added bonus of capital returns.
Robert, I would be very interested to learn where your properties are located in Sheffield, and maybe we could meet up and swap info/ advice, and plot the downfall of Georgie boy Osborne.... Read More