Anon

Registered with Property118.com
Thursday 1st August 2013

Trading Status
Sole Owner

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 28

Anon

18:27 PM, 27th February 2018
About 12 months ago

Selective Licensing Scheme 'Additional Powers' Ruled Illegal By Court of Appeal

Well done for the victory. However, some of these councils are charging silly sums of money. Does it really cost £750 to issue a license? Some councils have produced a break down and it involves almost 16 hours gazing at a landlord application!... Read More

Anon

18:14 PM, 27th February 2018
About 12 months ago

When do you pay CGT versus profit from a flip?

You are asking the wrong questions. If you have refurbished a property, then by putting a tenant in, you will devalue it, due to wear and tear. So if it best to sell after it has been refurbished.

Also, I think renovations costs prior to first renting are not tax deductible.

Avoid the drama of renting it out!... Read More

Anon

18:12 PM, 27th February 2018
About 12 months ago

Landlords - Be prepared for increasing regulation

I had a electric check done, only for the tenant to change light fittings and got a 'mate' who works in the building. He put a screw through on the wires.

There should be still penalties for tenants who tamper with electrics.

I got fed up of battery smoke alarms going missing, so paid an electrician to fit hard wire smoke alarm, only to find they had disconnected it (and left exposed wires). It was fitted fair away from the kitchen (to avoid false alarm), even then I struggle to understand why they removed it.

If the Government wants to have such rules, then they need to have still penalties for tenants too.... Read More

Anon

18:01 PM, 27th February 2018
About 12 months ago

Equality laws could affect "no benefit tenants" policies

When I rent my property out directly, I refused HB tenants, because I don't understand the application process.

A prospective tenant told, that I had to sign an AST contract. She would then take it to the Council, who then would process the application. I had no way of knowing if this tenant is entitled to benefits or not.

For a landlord dealing direct with a tenant, it is a lot easier with payslips and bank statements to prove in come.... Read More

Anon

17:31 PM, 27th February 2018
About 12 months ago

The Licensing of HMOs (Prescribed Description) (England) Order 2018

They should make a distinction between multi-let HMO, where each room has its own lock and a group of friends (who know each other) sharing a home....

Renting is not longer a passive activity (under tax rules). They should allow landlords to incorporate without any drama.... Read More