BobG

Registered with Property118.com
Monday 5th August 2013


Latest Comments

Total Number of Property118 Comments: 43

BobG

13:04 PM, 11th October 2021, About 6 days ago

Tenants - This is probably the second joint biggest reason why you can't get a house and why you're paying extortionate rents

I also agree with UC in principle and have a number of tenants on it. The problem is when the tenant is more than two months in arrears the old system was the Landlord got paid direct. Not paying the Landlord direct means the tenant gets the housing benefit as well as other benefits but doesn't use it to pay the rent.... Read More

BobG

12:32 PM, 11th October 2021, About 6 days ago

Tenants - This is probably the second joint biggest reason why you can't get a house and why you're paying extortionate rents

Hi - yes similar situation, bought a property with tenant in situ and they stopped paying rent immediately, but were still receiving benefits. They owe £7500 - Council said they could not pay Landlord direct as tenant did not have mental health issues. Finally filled in form for UC and OK for three months then tenants did something and now gone back to being paid to them. So I have a successful eviction notice, tenants and children lose their home and council have to pay to re house them. How does that make sense. Landlords have to have a system that guarantees the rent but it also makes sense for Councils who do not have the properties to re house them.... Read More

BobG

22:04 PM, 23rd December 2020, About 10 months ago

Is Buy To Let Worth The Effort In 2021?

I thought the video was fine and was happy with the style and length. I agreed with the content and as a long term property investor have been using the BRRRR system since 1980 when I started up with a limited company, not just for tax purposes but also to ring fence the investment. I also have a few properties in my own name but for various reasons they do not cause a problem. To me the main advantage recently has been the low interest rates and also the availability of many different finance sources including bridging. My first deal was done at 19% and I had to beg my bank manager to get that. Also the 15% plus at the end of the 80s was no fun. Yes regulations have increased but much of that is a benefit as it improves the housing stock. I disagree with councils who just use selective licensing to raise money and impose punitive fines as a punishment rather than working with landlords to improve standards. I bought a number of properties in Leeds about ten years ago and selective licensing was very useful in improving the area and the council provided grants for property improvement as part of the deal.
I am still very positive about the future. There will be problems but with Covid many businesses are struggling just to survive and are in a much worse position than property. I have had to help a few tenants out but overall my rent roll has been unaffected.... Read More

BobG

11:39 AM, 26th September 2020, About A year ago

Shelter help disabled tenant win second 'No DSS' case

Hi
I have no problems treating benefit tenants the same as everyone else including requiring a credit check. In the past I had a vicar who turned a large property into an HMO and have also had a company director who was a very poor tenant. I have a number of tenants on benefits and for the most part it works well. The problem for me is when a tenant is getting UC and does not pass on the housing element to me. DWP have in the past told my letting agent there is nothing they can do as the tenant is not suffering any form of mental illness. This was when the tenant owed £8 000 plus, and I had obtained a successful eviction judgement. DWP fail to understand some claimants take advantage of the system. This is what puts me off renting to tenants on benefit.... Read More

BobG

17:04 PM, 9th September 2020, About A year ago

Shelter help disabled tenant win second 'No DSS' case

Yes I agree , don't prejudge benefit tenants and work on the ability to pay the rent and pass a credit check. I have a number of very good benefit tenants who have been with me for many years, one for fifteen plus years. My concern is the failure of one particular council to pay me direct even after the tenant was £5 000 in arrears, saying unless the tenant suffered from mental health issues I should resolve the problem myself.
By applying on line I finally managed to get direct payment from UC but as a previous member mentioned, tenants can overturn this quite easily. I have now successfully obtained possession but delayed by Covid.
The DWP fail to recognise that some tenants will not pass benefit payments to the landlord and this will ultimately result in the loss of their home - and the council will need to rehouse them - not rocket science.... Read More