National Residential will solve every landlord problem to sell your buy-to-lets for the best possible price

by David Coughlin

13:30 PM, 26th December 2020
About 4 weeks ago

National Residential will solve every landlord problem to sell your buy-to-lets for the best possible price

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National Residential will solve every landlord problem to sell your buy-to-lets for the best possible price

If you’re a landlord, and you haven’t yet heard of us here at National Residential, there’s a good chance you’ll want to. Established in 2006, we pride ourselves with our “any problem we can fix” formula, lead by myself, founder and industry expert, David Coughlin.

Helping Landlords Sell

Being a private landlord myself, with 100 properties in my portfolio, I first-hand understand the issues and challenges facing landlords today. It’s about overcoming solutions fast, but also in a way that means both the landlord and the tenant are happy. With National Residential, we’ve found the sweet spot when it comes to helping landlords sell, so we’ve become experts in taking away the stress. We know how to solve every barrier that landlords come up against, even for example when they can’t gain access to their own properties.

How do I get the best price for my buy-to-let?

This is where I and my team at National Residential go above and beyond to get you the highest price for your buy-to-let, no matter what challenges you need to overcome. Be that negotiating with your tenants, sorting out repairs, and even helping tenants relocate, we have the best team to do it all and have the track record to prove it. The result? We deliver you the best price possible, fast, no problems.

Recently, one of our landlords based in London gave us a small portfolio of 7 properties in the North-East to sell. She was already with a great letting agent who did sales, but she came to us because she’d heard about how proactive we were at solving landlord issues.

We did what we do best:

– 1. We marketed the properties to both landlords and to first-time buyers in order to get as many buyers as possible in competition with each other to drive up the price through our 28-day auction. Rather than just targeting other landlords who want to buy, we know how to negotiate with tenants to leave for first-time buyers to move in, which also means this added competition leads to investors paying a little more than otherwise.

– 2. To keep the tenants on board to do the viewings, and market the property to its maximum, we paid them to help us with getting photos and video tours and to allows us access for viewings. For that extra £100 or £200 all in this money ensures the cooperation of the tenant. No other agents will pay this and landlords are unlikely to propose this, which is why we get access to sell properties quickly and for the best prices, like we did in this case.

– 3. In this case we sold 4 from the 7 properties for this landlord to a mix of investors and first-time buyers. She decided to keep the remaining 3, but it cost her nothing to list them with us as it’s no-sale-no-fee. It was a win-win, and she was happy with 60% of her portfolio sold, fast and for the best price.

– 4. Of the 4 we sold; one we sold to a landlord who kept the existing tenant. Another we sold to the current tenants who paid a higher price due to other interested buyers driving up the price/bids. The other two we assisted the tenants to leave as the buyers required vacant possession. We found one of the tenants a new council house, and the other tenant was happy to accept a £2K payment paid by ourselves to help move into a new private let. Solving the tenant issue meant the property sold for a higher price and the tenant was over the moon to get assistance to move to the new property they wanted.

Throughout the sale, our in-house conveyancing team helped the landlord complete all their property forms (protocol documents) and we paid to obtain copy Fens certs, gas safe certs and reply to enquiries asap rather than wait for solicitors. We also paid all the fees to the tenants for their assistance, and we paid the sellers legal fees to our panel solicitor. The landlord was provided with a stress-free armchair service as we took care of the costs and drove the sales to completion.

On top of this, as with every case, all our buyers are chain free and pay 1% (min £2500) deposits, ensuring that buyers, regardless of whether they’re first time buyers or landlords, are financially committed to the sale from the start and are able to complete quickly.

All these properties sold within 28 days and completed in 2 – 3 months.

Another landlord approached us earlier in the year with tenants that had stopped paying rent and tenants that were in arrears and not paying top-up, even refusing access for valuations. For this, we simply secured buyers who were happy to buy regardless and take on the issue. Then we connected the new buyers with Landlord Action to pursue the eviction and/or mediation service throughout and post-completion.

It’s simple. We solve all problems and go the extra mile to get tenanted properties sold and to get the best prices and complete quickly. We assist landlords, sellers and tenants all the way through the process.

It’s clear our solutions are working, with well-known trusted figures such as Paul Shamplina joining forces with myself, and the expert panel at National Residential, in a recent webinar [ https://twitter.com/PaulShamplina/status/1283846665313628163 ].

Is Covid really a problem for Landlords trying to sell?

Despite what you may have heard or experienced, the answer is no, it doesn’t have to be. During Covid we’ve decided to go all-out to help landlords who are hit by section 24 taxes, by the pandemic, and by the evictions ban – as we have investors who want to get into the buy-to-let market, so we’re acting as a consultancy/sales machine in the middle.

We do a far better job at getting the best prices for tenanted properties and getting deals over the line than traditional estate agents do. We hand-hold tenants whose landlords are selling up and we also have national reach unlike most local agents helping landlords sell their portfolios in different locations.  Not only that we have landlords who will buy properties where tenants totally refuse to cooperate and allow access for viewings or surveys. We have even sold properties recently for amazing prices where the tenants are not paying the rent. You only have to read our reviews on Google and Trustpilot to see that we’re a company who absolutely delivers what we say.

You can contact National Residential by completing the contact form below and we will be pleased to assist

Other Landlord services

If you’re a Landlord who’s looking for help with selling a tenanted property, or if you are an active investor looking to buy great deals, myself and my team at National Residential know exactly what to do and how to help you. We also have a great Membership site which has access to experts, webinar recordings from our panel of trusted property experts like Paul Shamplina and most importantly great deals (HMO’s and tenanted sales being hot to trot!). I and my expert panel also offer Mentorship and portfolio building, and it’s completely FREE to sign up.

So if you’re a Landlord having problems, or want us to help you buying or selling a portfolio, or even just want to reach out to experts who know exactly what you need, just get in touch using the contact form below and see for yourself what we can do for you.

Contact National Residential


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Comments

Mick Roberts

15:14 PM, 18th December 2020
About a month ago

Brilliant,
Looks like u lot have covered all the angles.
I can see many Landlords coming your way due to Councils, Govt, Shelter, costs, regs, admin, new retrospective rules etc. pushing Landlords too far.

I'm too loyal to me existing good tenants to do this, but should some of 'em get snarky in a few years, your process seems an answer.

TrevL

15:54 PM, 18th December 2020
About a month ago

Reply to the comment left by Mick Roberts at 18/12/2020 - 15:14
Oh dear Mick!!!

Getting rid of tenants because they 'get snarky' is the exact reason they are looking to end Section 21 no fault evictions!

I know you meant it as a joke, but the irony of your comment is hillarious.

Mick Roberts

17:18 PM, 18th December 2020
About a month ago

Reply to the comment left by TrevL at 18/12/2020 - 15:54
Yeah I know, but my snarky in't just cause I want to sell house, my snarky is meaning they've met new boyfriend with machine gun who's ringing me saying his missus ain't paying rent for 2 months cause they've booked holiday.

We all have a breaking point & those of us been doing it a long time with happy tenants in good houses who get charges galore from the Councils & Govt, one more thing just breaks us.

David Coughlin

17:21 PM, 18th December 2020
About a month ago

Reply to the comment left by Mick Roberts at 18/12/2020 - 15:14
Hi Mick, I've been a landlord for 17 years and been through the lot personally. I've got 2 tenants not paying from a portfolio of 100. It's tough to get much better than that. But it used to be allot worse - this result is hard graft, living and learning - looking after good tenants especially. When it comes to selling - the best way is for the tenants to move out; refurb; sell for the best price with an agent (or something like Doorstep). However, if you hit a snag - we will be over the moon to help 🙂

TrevL

17:47 PM, 18th December 2020
About a month ago

Reply to the comment left by Mick Roberts at 18/12/2020 - 17:18
That's sounds a bit more than snarky, criminal or threatening behaviour is probably more accurate.... don't think you will have a problem getting the court on side!

Jonathan Clarke

9:57 AM, 20th December 2020
About a month ago

Hi David
You seem to have many bases covered . There are some extras in there which other similar outfits don't seem to offer so you are more comprehensive than them at first glance
There are many `we buy for cash complete in 7 days` companies out there as you know so we need to tease out the service to see if it is different
Your website says......
``We sell properties FAST for 100% market value within 28 days OR we buy properties for cash in 7 days.``
Question please .. The first part of your website statement is very attractive ..... Selling for 100% MV in 28 days....this will have your phone ringing non stop . BUT and there is always a but ....... Its the `OR` bit which I am interested in . Do you ALSO pay 100% of MV if no buyer is found ?. Reading your statement it is a bit ambiguous I think as to whether you do or not
The reason i ask is all the `we buy for 7 days for cash` companies I have asked over the years to bid on properties i sell offer between 15% and 20% BMV . I understand that of course - they need to make their money .
Would your company be different can I ask.
If you cant find a buyer in 28 days who will pay 100% MV ....will National Residential buy it for cash at that 100% level or only offer me 80% of the MV ?
Thanks
Jonathan

TrevL

11:55 AM, 20th December 2020
About a month ago

Reply to the comment left by Jonathan Clarke at 20/12/2020 - 09:57
I can answer that one Jonathan......any tradable item is worth what someone is willing (and able) to pay for it. And if one of the caveats is that it is transacted within 28 days and National Residential (or their subsequent buyers) are the only buyers avaliable to the seller, meeting that caveat, then whatever they complete on, is by definition, 100% market value.

Additionally, market value is only actually crystalised on completion.

Don't confuse asking price or perceived value with actual market value.

David Coughlin

12:25 PM, 20th December 2020
About a month ago

Reply to the comment left by Jonathan Clarke at 20/12/2020 - 09:57
Hi Jonathan, yes - Trev has kind of covered it but I would go a step further as say because we sell some properties several times in the same year (buyers can pull out for various reasons so we resell through our 28 day auction) - we get different sale prices every time. the best we can do - same as every other auction - is to discuss a potential sale price and set a reserve price.

when we purchase as a company we are only able to afford to pay 75%-80% of what we believe we can resell it for - depending on the Stamp Duty Rate - to make a profit and cover risks. We have paid more for HMO's with 20-30% yields.

hope this helps?

Mick Roberts

15:23 PM, 8th January 2021
About 2 weeks ago

I've just had David's man, Ian ring me. I tell u what, they have some good ideas. Some simple now I know, but they only simple once someone tells u how what where when etc.
As I had tenant not playing ball last few weeks & am thinking of selling, so contacted David.
So if anyone is toying with the idea, I'd go for it.
U r gonna have to accept some discount for tenanted property, we should all know that, but u weigh up your rent in till very last minute & no Council Tax to pay out, no agents fees etc., u ain't discounting as much as u think.
Or u could issue notice, evict, have costs, have no rent in, possible damage, pay Council Tax. Seems a great service & let the younger eager Landlords have a go. The Govt & Councils & UC & bureaucracy have worn me out.
My current house I enquired about, tenant rang today after she heard what I was doing, bit nicer cause of that I believe, wants to stop till she finds somewhere & a very RARE moment also happened, Universal Credit just rang me -They rang the DREADED GREEDY Landlord-The same Landlord who houses the Nation & Vulnerable- to set direct payment for her too. So I'm 50-50 on sale at moment, but it's nice to know this service is here when we hit that Get me out of here button.

DALE ROBERTS

19:00 PM, 8th January 2021
About 2 weeks ago

I too contacted National Residential as I was interested to hear their view on selling my BTL London unit. I have not placed it on the market although it has been empty since June (my choice), is newly refurbished and can be classed as an almost new build in a modern development overlooking the Thames with that rarity - a dedicated underground parking bay. I know what it is valued at as I sold a replica of the unit in November 2019. The cladding is presently being replaced at the developers cost. I was offered GBP100 000 less than it's present value. And GBP50 000 less than the sale price achieved for my other unit.
I declined the offer.

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