Mark Shine

Registered with Property118.com
Tuesday 28th July 2015


Latest Comments

Total Number of Property118 Comments: 398

Mark Shine

22:35 PM, 17th March 2019
About 2 months ago

How do I minimise my losses?

Reply to the comment left by Michael Barnes at 17/03/2019 - 18:01
Yup, all you say above is technically correct Michael. Regardless of whether the local authority where RM’s property is... happens to have decided to cash in on the ‘additional hmo’ licensing angle.... yet, yes technically RM’s does appear to be an HMO.... Read More

Mark Shine

21:16 PM, 15th March 2019
About 2 months ago

How do I minimise my losses?

Reply to the comment left by R Maher at 15/03/2019 - 18:21
No probs. Many of my properties are 3 beds let to ‘cohesively living’ sharer friends on single tenancy agreements (tho some are now technically additional HMOs due to licensing requirements, but that’s a different headache).

I now *always* try to encourage ‘clients’ to pay from one account, but I don’t *insist* on it.... just in case such a request would fall foul of some regulation or directive somewhere!... Read More

Mark Shine

10:25 AM, 15th March 2019
About 2 months ago

How do I minimise my losses?

Reply to the comment left by R Maher at 14/03/2019 - 20:49
Hi RM, your message hadn’t yet appeared when I wrote the msg below it. Now that it has appeared my msg looks odd! 😂

Been in similar situations a few times in past with only one person in a group leaving or causing other problems.

BTW for joint tenancies for some time now I have asked if they can pay the rent from 1 single account. This sometimes means it’s a day or two later than if came from separate accounts, but that’s fine as find it has helped to minimise risk of potential individual arrears.... Read More

Mark Shine

21:22 PM, 14th March 2019
About 2 months ago

How do I minimise my losses?

IF it’s a single joint AST for the property, then as others have said: they’re all jointly and equally liable for the whole rent, as effectively all of them are ‘THE tenant’. Been in similar situs myself, so I’d suggest they themselves find a replacement occupant to join what would be a replacement agreement, who they think they’ll get on with etc. That’s probably the best option.... Read More

Mark Shine

21:09 PM, 7th March 2019
About 2 months ago

A tenant from hell can make or break you as a landlord

Reply to the comment left by David Price at 07/03/2019 - 12:51
Yes agree, however un PC it is to say it, what you say David applies in my experience too. My biggest headache “rogue” tenants have usually been benefit claimants.

That said, there was one case where a property was fairly well trashed, rent unpaid... ending up with tenants doing a midnight flip without notice during a tenancy. Thankfully they posted keys back a few days later. They were students (with fully referenced guarantors).... Read More