With apartments starting at £59,999 Sovereign House is also offering assured NET rental returns of £5107 – £6390. Sovereign House is located in the centre of Sheffield within walking distance of both The University of Sheffield and Sheffield Hallam. The central location caters to all students who want to live in the heart of this […]

My tenant left an unpaid utility bill, the utility account was never in her name but the partner who always paid the bill until he left her. She then left about 3 weeks later by informing me but left the key in my post box (I live next door) when I was not at home, […]

My letting agents **name removed by moderator** have just admitted to me that they deduct 12.5% commission from contractors invoices for repairs that they arrange on my behalf. This came to light as I was questioning why the quotes they get are always much higher than if I arrange the work myself. They claim that […]

A previous tenant left three months into the fixed term six month AST. No notice was given other than a cursory phone call and some texts asking what would happen with their deposit. In good faith I refunded half of the deposit. It seemed pointless to pursue them for outstanding rent and I actually felt […]

I am currently in the process of emigrating to Australia (2-3 months until D-day). Rather than sell up, I would like to rent my current property out, just in case things don’t work out and I decide to come back in a couple of years. I have approximately 80% LTV and am currently paying the […]

I have created this property management checklist to document the tasks you will already be doing if you are managing your buy to let properties effectively:- Visiting your property, taking particulars. Setting up a system to store your documentation securely, preferably online so that it can be accessed at any time wherever you are Advertising […]

Dear Members, This is my first post so please be gentle. I am not a landlord myself but write on behalf of my daughter who is a new landlord. She purchased the house next door to us after separating from her first husband. After a while she met somebody else and eventually married her new […]

Firstly, I have to say that I have only been landlord for 3 months but already use this platform every single day to try and figure out my next steps in building my property portfolio and cost savings.  I acquired 2 BTL’s, a 2 bed and a 3 bed house in last 3 months with […]

I have sold my property to my tenant after five years of them renting I used a local estate agent on a letting introduction only on a 12 month contract.  Neither we nor tenant have had any contact from agent ever since. My tenant wants to have their deposit returned which is with the agent. […]

I would like some advice on withholding some of the tenants bond.  This is the first tenant that we have had in the property and they have just come out of their 6month agreement. The tenant has had some sort of large paddling pool covering the lawn and has clearly had it up for quite […]

I recently came across Property 118. Kudos to Mark et al. for creating an amazing resource and community for like mind people! I am what you would consider a newbie in the property investment scene. I am freelance IT consultant living in the UK for the last 15 years. I was lucky enough in 2001 […]

Hi all I have seen a flat for sale in South London, a few stops away from London Bridge, so excellent location. It is advertised at £210,000 – Cash only.  This is an amazing price and based on the rent it would generate, a good solid rental yield. Now my concern is that this flat […]

Currently my wife and I are joint owners of an apartment which our daughter lived in until recently. Now she has moved out we are about to rent it. I am a 40% Tax payer and my wife is a 20% Tax payer, so we are looking at every avenue to reduce our tax liability. […]

Firstly, I have to say “I love this platform”, thank you all so much. A brilliant resource which I often find myself reading for hours on end rather than getting on with work! Oh, and in ref to a comment this week I don’t really care if my questions sound naive! My question is about […]

I am really distressed as my tenants (a lovely lady with a young son) have asked for early release (which I have granted) because she does not feel safe.  The problem is not the flat itself – she loves it. However, the blocks entrance is flimsy. It has been broken into twice in three months. […]

Oldham is the latest council to be offering landlord/community consultation about “selective licensing” in some of their wards. They are offering landlords the opportunity to complete a rather loaded questionnaire about what they think….. it can be found here >>> www.oldham.gov.uk/landlordconsultation  Interested parties must respond before 30th September 2014. The 2004 Housing Act said license fees […]

I am considering remortgaging my house to let it out as a HMO.  I am right at the beginning of the process and need to prepare the house and therefore need advice on what needs to be done. Also whether the house has to be totally ready to let before I can apply for the […]

My 6 month AST is due to end and I would ideally like to continue renting on a statutory periodic, month by month basis as I may be moving away and need the flexibility that it allows.   My landlord has offered me a “rolling 2 month tenancy” when my 6 month AST ends, with […]

I have recently been told that a resident in a HMO has got Hepatitis.  As they share kitchen, bathroom, and general living space with other residents, should the landlord breach confidentiality and inform other residents? What should a landlord do in such circumstances? Can the landlord be liable if another resident (or a maintenance contractor) […]

I am interested in buying a coin operated washing machine to cater for about 15 people. Can anyone recommend a washing machine – I am aware I can buy a separate meter for a washing machine if I need to. Thanks in advance for any help.  Regards Martin

There are a number of offerings out there for sourcing properties, prepackaged up, sometimes even offering full management and so on. Presumably these take a healthy cut of the revenue, but does anyone have any opinions on what to watch out for, what are the advantages etc. ?  To explain my personal situation and why […]