Alison King

Registered with Property118.com
Saturday 19th September 2015


Latest Comments

Total Number of Property118 Comments: 228

Alison King

10:16 AM, 29th January 2021
About 2 months ago

Handling good tenants in a falling market?

I would focus on making sure your property is a really great place to live. Other properties may be lower to rent but they may also be horrible. Your tenants might all be perfectly able to afford the rent if they are not affected by the lockdown, and sometimes change can be disconcerting, and a surprise reduction in the rent may have the opposite effect to what you expect. I remotely manage my HMO too, but I still think I give a much better and more personal service than any agent and my tenants know that. I think the key is to stay in regular contact with the tenants and check that everything is OK frequently. Maybe offer to spruce up the paintwork and ask if they are coping ok during the pandemic.... Read More

Alison King

10:03 AM, 10th November 2020
About 5 months ago

European Tenants?

My EU citizen tenants are all thoroughly aware of all this and some of them have even asked me to provide evidence that they have lived in the UK for over five years, which I have been happy to do. Letters from the council about housing benefit do very nicely.... Read More

Alison King

23:59 PM, 31st October 2020
About 5 months ago

Rent Guarantee Insurance - is it worth it?

Personally I've never thought it was worth it. The insurance companies have to make a profit. If you de risk it enough to satisfy the insurance company you de risk it enough for yourself.... Read More

Alison King

12:01 PM, 31st October 2020
About 5 months ago

More flexibility to student rental agreement?

Reply to the comment left by David at 31/10/2020 - 10:51
I don't think anyone in any situation can put up with this Covid situation for long. I'm working on the basis that things will start getting back to some kind of normality within the next 18 months and meanwhile I just have to hang on in there and weather the storm. I think I've been one of the lucky ones so far. My property business gas been far less badly hit than my other business.... Read More

Alison King

22:51 PM, 30th October 2020
About 5 months ago

More flexibility to student rental agreement?

My students are nervous about the virus and all viewing was online. At their request I have given them three month fixed AST tenancies that will revert to rolling monthly tenancies after the three months and an assurance that they can't be asked to leave within the first six months. I'm fairly confident they'll stay but I also think there will be a new wave of students coming in the new year. It's a risk but I think it gives me a competitive advantage and my hope is that some will stay for three years and bring in their friends. I do have a full quota of students now although some don't arrive until next week.
I don't understand the question about the pre-agreed lease. If all parties agree to a change due to changed circumstances that's fine.... Read More