steve p

Registered with Property118.com
Tuesday 15th September 2015


Latest Comments

Total Number of Property118 Comments: 98

steve p

17:49 PM, 15th May 2020
About 2 months ago

Activists Urge Tenants to Stop Paying Rent

To be fair I don't think there is an activist whatever their cause that is not shouting that their cause is now more important because of coronavirus. Be it calls for higher pay for public sector, Becoming more environmentally friendly, more money for carers allowance, more money for benefits. The list could go on and on.

Certain sections of the left including Shelter will not be happy until every landlord is not allowed to make a penny of rent, with still all the risk being on the landlord. It only goes I believe to highlight the inequality of rights, they are not suggesting you walk out of Tesco without paying or stop paying council tax, as this is a criminal offence, yet don't pay your rent and it will take a landlord 5 months+ and thousands of pounds to evict, even this slow and costly option has been removed.

Thankfully most tenants put this sort of rubbish in the same pile as flat earthers and will want to continue living in their home post coronavirus.

You highlighted the inaccuracies extremely well, unfortunately I bet Damien will not read past the first sentence as it does not fit with either his narrative or Attention grabbing headline. (Lets face it a headline of "Tenants should continue to pay rent with support available if they are struggling" is hardly going to get many views.... Read More

steve p

23:37 PM, 6th May 2020
About 2 months ago

Possible extension to ban on evictions

Reply to the comment left by Rod at 05/05/2020 - 10:59
Quote : "We invest £1000s to earn £45 pw when a screwdriver cost about £2 to earn twice that! Silly me!"

Im sorry but I take umbrage with this comment, as someone that is a landlord but also getting into the electrical industry, I have spent somewhere in the region of £10k to get qualified, get tools (The testing tools are £1000 alone), insurance, join a CPS scheme. And that is before even getting a van, I am amazed how much it costs, you have to factor in travel time, loading the van, unloading the van, going to the wholesalers to replenish stock, invoicing and paperwork. A self employed person does not get paid holiday, sick pay or a pension.

When you factor in all those expenses what seems like a high hourly rate to infer anyone can buy a £2 screwdriver and go and earn £90 an hour is aiming your anger at the wrong people in the same way we complain people vilify us we should be careful not walk into that same trap.... Read More

steve p

22:26 PM, 30th April 2020
About 2 months ago

Setting up a Management Company make sense?

Reply to the comment left by Gary Nock at 30/04/2020 - 17:26
I would guess if you have 60-70 they are unlikely all in your own name..

I did this for a while, as the company was already setup renting out a property. I would avoid getting the money sent to the company or you would have to register client money protection. You would still have to register with PRS which is pretty simple...

There is overheads of running company that you don't think about like filing taxes etc that you would need at least some sort of scale to make it worth while unless you already have a company setup.... Read More

steve p

13:29 PM, 27th April 2020
About 2 months ago

Lodgers and new Electrical Regulations?

Just to clarify, who owns the property?
And who will be living in the property?
Im not sure if you own the property and your daughter plus another are living there that the other would be classed as a lodger. I would guess the Daughter would be a guest and then the other would be either renting a room (Plus shared communal space) from you or if you would class your daughter as a tenant then she might be sub-letting. Either way I think you may fall into having to have an EICR.
As someone in the electrical field I would add it would be a good idea to get it done anyway as there is still a responsibility that the electrics are in good working order, unless you or someone you know has checked out the electrics and is qualified to say they are in good working order then there how would you prove they were if something were to happen? It is still recommended that all residential properties by owner occupiers have an EICR at least every 10yrs. For a full EICR you will likely pay less over the period it cover than a gas safety certificate.

Even if you dont need an EICR think about how old the property is, obviously if its a newish build then chances of something being dangerously wrong is reduced compared to say an old victorian property that has not had anyone touch the electrics in 50yrs... Read More

steve p

13:42 PM, 14th April 2020
About 3 months ago

Covid-19 rental advice given by University - Help?

I would simply reply saying 27% rent reduction is the maximum I can offer and would represent a large saving. You have 7 days in which to accept this offer, failure to agree a rent reduction will mean 100% of the rent is due. As per the letters failure to pay your rent could result in yourself and your guarantors potentially getting a CCJ which could have massive financial consequences.

In real terms the agreement ends in July, you have the deposit so obviously you are not going to agree to remaining rent of less than this deposit. I would take a hard stance and see if they cave or pay the rent, at the minimum you will get the deposit and you wont pay council tax (or possible utilities?) Which is I am guessing more than 10% of the remaining rent. Also if they do not pay you can write a strongly worded letter to the guarantors demanding rent payment, you might be surprised how many will pay.

I can understand their frustration that other students have had the rent written off however this means they are trying it on.... Read More