Steve Masters

Registered with Property118.com
Tuesday 6th August 2013

Insures properties through a broker recommended by Property118
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Latest Comments

Total Number of Property118 Comments: 195

Steve Masters

21:46 PM, 2nd May 2019
About 3 weeks ago

National Landlords Alliance meets Sefton Council

I am 60 this year, I and my family have worked hard, gone without and saved all our lives to buy HMO houses and flats in London. I provide housing for 35 people. The large proportion of my rental income goes on bills, maintaining and improving the properties and this in turn provides business for local tradesmen and women. What little is left I rely on as my sole source of income. If my business folds I will be without income. If a tenant doesn't pay his rent it comes out of my pocket, the bills still have to be paid. I cannot afford tenants who are not going to pay. My costs are increasing. The ever increasing rules and regulations are taking up more and more of my time. I no longer have the time to do anything but the simplest of DIY tasks myself. Over the years I have become more and more selective on who I trust with the keys to my property to to become my tenants. With the introduction of the Tenants Fees Bill and the lickley abolition of Section 21 I have less and less power to persuade my tenants behave themselves if they chose not to.

So, I am tightening up my selection process ever further, I have started taking deposits again, I will ask for house owning guarantors, I have started collecting rent by Direct Debit and my rents are increasing. All of these things mean only the well off can afford to rent from me now. I can no longer be kind to hard up prospective tenants, I can't afford it. It's not my job, I'm not a charity. (Shelter is!) I don't know who will house them.

I have said it before, the answer to the housing crisis is "BUILD MORE HOUSES".

Don't bash landlords, we provide much needed accomodation for those unable, unwilling or not ready to become property owners themselves. I am only aware of a few of my tenants who are saving to be buy, the majority of my tenants choose and enjoy living under the roof that I provide for them.

And I don't just provide a roof, but I fix any problems with those roofs too, I provide constant heating and hot water, cooking and bathing facilities, drainage, rubbish disposal, maintained gardens, council tax, water rates, free unlimited internet and WiFi, carpets and curtains, properly maintained fire alarm systems, gas safety, electric circuit and appliance checks, legionella risk assessments, HMO licences, beds with quality mattresses, furniture, interior and exterior decoration, I mediate between housemate disputes, I fix toilets, replace shower hoses, fix door bells, clean communal areas, replace cookers, fridges and freezers, I fit top quality Miele washing machines (boy are they heavy). I joke that I draw the line at replacing light bulbs but it's surprising how many I do! It's 9:30 pm and I haven't finished working yet.

God, I wish I was one of my tenants with a landlord like me. They don't know how lucky they are.

If Section 8 isn't fixed or they bring in any more nonsense regulations, that's what will happen, I will sell up, put 35 people out of their home and go and live a nice easy life under someone else's roof.... Read More

Steve Masters

13:24 PM, 18th April 2019
About a month ago

Section 21 - Emergency meeting and joint delegation

If Section 21 is abolished then I think how well Section 8 is fixed could be the making or breaking of our industry.... Read More

Steve Masters

13:21 PM, 18th April 2019
About a month ago

Section 21 - Emergency meeting and joint delegation

And we need to make it law that when a judge gives a possession date tenants must be considered homeless on that date, no when the bailiffs come. Councils need to be pulled into line on this.... Read More

Steve Masters

13:00 PM, 18th April 2019
About a month ago

Section 21 - Emergency meeting and joint delegation

I somehow doubt we will stop the abolition of Section 21 but this is a golden opportunity to all pull together and get Section 8 working properly for everyone.

We should get Paul Shamplina of Landlord Action onboard and any other eviction specialists, bailiffs and legal experts too, Tessa Shepperson comes to mind.

We have all seen the loopholes and pitfalls in the way past Bills have been implemented, lets not let that happen this time. I suggest we don't alienate ourselves from anyone, not from NLA, not from RLA and not even Shelter and certainly not from the government.

We need to cover every single angle of how Section 8 needs to be improved and which aspects/scenarios from Section 21 that need to be incorporated.

We all know Section 8 is broken, that's why we relied on Section 21.

Let's fix Section 8.... Read More

Steve Masters

13:00 PM, 1st April 2019
About 2 months ago

Implications of updating an old tenancy agreement

Reply to the comment left by Ian Narbeth at 01/04/2019 - 11:48
Any renewed or extended tenancies will need to be reprotected with mydeposits. See their FAQs.

There will be a one year transition period for existing tenancies after which any clauses in old tenancy agreements regarding prohibited fees will become ineffective. So in Ian's example £1.53 could still be charged in the first year, but after that only £1.44 should be charged.... Read More