Bill O'Dell

Registered with Property118.com
Tuesday 14th July 2015


Latest Comments

Total Number of Property118 Comments: 53

Bill O'Dell

16:37 PM, 3rd March 2021
About 5 days ago

HMO - single private dwellinghouse covenant refusal?

We had this problem in Guildford. 2 HMO's that we had were former council houses. The whole are was studentville and many houses were HMOs and there had never been a prosecution. You can buy an indemnity for this and I'd advise that you don't approach the council yourself or the indemnity will be invalid. We took achance when we bought, ran for 10 years and our buyers took a chance and have had 5 years and no difficulties.
You should be able to get a copy of the covenant (the beneficiary in our case was a company that sold the land to the council and they made it) from the Land Registry. Or you could ask your buyer to obtain a copy, but you should keep your distance from it!
Good Luck!... Read More

Bill O'Dell

13:19 PM, 19th January 2021
About 2 months ago

5 Tenant Tricks to throw out a Section 21 notice

Reply to the comment left by John Mac at 19/01/2021 - 11:46
I agree John Mac. It would be interesting to know what overtures the NRLA are making to Shelter, Tenants unions and the like to come to a consensus. If an agreement could be reached, then both organisations would work to the same goal. It's also a way of smoking out the irrelevant opposition by discrediting them.... Read More

Bill O'Dell

11:41 AM, 28th October 2020
About 4 months ago

We are now in a completely different operating environment

I completely agree Ros.
This is what makes the student accommodation market so appealing. Never (ok rarely) a problem getting a guarantee, tenants leave at the end of their lease and there is a steady supply of new ones.
Current market maybe less predictable going forwards, until a vaccination readily available that works, but the transient nature of students makes it easier to plan. Of course the downside is it is not a hands off investment, in fact you need to engage regularly, but in 12 years I have never had an unplanned void, bad debt or house damaged other than through normal wear and tear.... Read More

Bill O'Dell

14:17 PM, 20th October 2020
About 5 months ago

Window to Conservatory: HHSRS cat 1 hazard

Have you considered mechanical ventilation to the bedroom ? If there is a chimney breast, or an outside wall, you could install a fan that puts a positive air pressure into the room and this will need to escape via door frames or vents. When I looked into it a few years ago, this was the only solution. Check out http://www.envirovent.com, they have a wealth of advice on ventilation.
In my experience the internal room is often more of a problem for means of fire escape, and I've had to install windows direct to the outside with fire escape hinges.... Read More

Bill O'Dell

11:15 AM, 4th September 2020
About 6 months ago

Can one buy a property for a friend and charge him rent?

It might be easier to lend your friend the deposit, let him buy the house and you have a second charge on the property behind the mortgage company. Exchange letters with a fixed time period for the repayment of the loan, and an interest charge in the interim. The letter should specify how a sale is to be conducted if he cant repay the loan. You may want to get a solicitor to draw the agreement up.
He gets the capital gain, you have secured debtor and an income of the interest and a remedy if he cant or wont buy.... Read More