Page 857 – Property118

Bond disputes, data protection – tenant request advice

6th July 2013

I was renting from an agent and when the landlord returned they gave him my phone no. and he rang me screaming an shouting and swearing saying we had left the property filthy. It was cleaner than when we moved in! Two things were justified and we agreed to pay £200 for a new door […]

Man in black suit thumbs down

Ground Rent – real or racket ?

6th July 2013

I bought 3 properties off-plan in 2008, and was assured that rental demand would be high. However in this particular area (Dudley, West Midlands) rents have declined, and now the Ground Rent is around 25% of the rentals income. The freeholder’s nominated management company have increased their fees, so that takes another 25%, and provide […]

Shared student house let for my son – strategy advice request

6th July 2013

I have a house for my student son and three friends. My question is quite simple. Would you do a three room tenancy agreement for three students renting part of the property and use of the communal areas, or a whole house tenancy single tenancy for the four (with the higher rent)? If there is […]

My Tenant has gone “Sour”

6th July 2013

I have a current tenant, a lady of appx 35 with an 8yr old daughter, who has, can I say, ” gone sour on me.” She signed a Tenancy Agreement , drafted by, my then Letting Agent,for an initial 6months and which has then been followed for a further unspecified period on a periodic tenancy […]

Standalone Inventory Software – Any suggestions please?

6th July 2013

Do you know of a standalone software package for inventories that let’s you insert time and date stamped photos into it? At the moment I use Imfuna Let which is good but I am becoming concerned about the fact that the pictures are time and date stamped in US rather than UK time. That is […]

What if my Property Agents go bust?

6th July 2013

The Property Agents I am using appear to be going downhill. I have not been paid for 2 months. Is the Rental Income Ring-fenced? How can I ensure that my tenants future payments come to me? Do I have to give the tenants their 2-months Notice and get new tenants in via another Agent? Thanks […]

A licence for sharers?

5th July 2013

I rent a house to sharers. The tenants’ rent is all inclusive. It is an unlicensed HMO. Historical each individual tenant has had an ast signed and deposit held, and in some cases, “protected”. I am careful when selecting new housemates and (so far) have had no trouble. I have always returned deposits quickly. Can […]

Reduce your voids – the “move in free” business model

5th July 2013

We have recently experimented with a “move in free” business model for tenants. We were asked to let several properties where the entire block had been purchased by investors. Only two were let and that was creating a stigma for the block so we needed to get creative. The model we came up with was […]

Rent2Rent contracts – if you’re going to do it do it right ….

5th July 2013

Rent2Rent companies are using the wrong letting contracts Whilst I have never been a fan of the Rent2Rent strategy I have to accept that a lot of investors are using Rent2Rent including Housing Associations, Councils and FTSE 250 companies as well as privateers. As it is the mission of Property118 to share best practice, helping these […]

Fair wear and tear? Landlord needs advice on dispute with Housing Association

5th July 2013

I entered a contract with Sheppards Bush Housing Association “SBHA” for three years at agreed rent of £310 per week. They knew I was going aboard. I checked with Ealing Council and they confirmed that the rent for my property would be £310. I borrowed money to do a lot of work that they required […]

Landlord seeking advice over poor letting agent

4th July 2013

I’m looking for some advice here as I’m having no end of problems with my letting agent. I have found their standard of service and communication to be appalling whilst being charged extortionate fees. They have carried out repairs without first obtaining quotes, not returned calls, not paid money into my account on the date […]

Introducing The Property Podcast

3rd July 2013

As a property investor, you probably spend a good chunk of time driving, and sitting at your desk doing mind-numbing paperwork. Instead of just listening to Radio 4 (or your local dubstep pirate station – we’re not judging), wouldn’t it be great if there was a radio show all about property that you could tune […]

Landlords Revenge

3rd July 2013

A landlord who came out and told BBC’s The One Show of her troublesome tenant has now had further problems.  Broadcast on 2nd May, the landlord Mrs Trivedy was featured on the show in an item about rent-arrears and the difficulties landlords are having with tenants on benefit who are not passing on the rent. […]

Fire Regulation for HMOs – Landlords Question

2nd July 2013

I have conducted a fire risk assessment for one of my properties, a non-licenseable HMO with 4 bedrooms. The report recommendations includes the following 2 items: 1. As I provide fire extinguishers in the property, the tenants should be trained on how to use them ! Has anybody else heard of this requirement, how can […]

This is about as passive as property investment gets!

2nd July 2013

Looking for a completely hands-off property investment? If you are a cash investor and an easy life is what you are looking for then look no further than a PRIMO managed property. Having recently been given a ‘Highly Commended’ rating at the Bolton and Bury Business Awards, in addition to winning the runner-up prize in […]

Short term lets – Landlords Question

2nd July 2013

Any idea how to organise a short let of about four months? We have bought a buy to let house for our church to use for it’s workers. However it has all taken a lot longer than we had hoped, so they have had to take on a 6 month let. This means we will […]

The GOOD Landlords Campaign

Lynn Bond of Brigg

2nd July 2013

Lynn Bond of Brigg I have rented properties for around 20 years and I have a small portfolio of 5 rental properties in Grimsby. I provide good quality accommodation and regularly maintain my properties fixtures & fittings. I treat my tenants with respect and expect my tenants to respect my property in return. My properties […]

Property Portfolio Review Spreadsheet - Free Download

Property Portfolio Review Spreadsheet – FREE Download

1st July 2013

Our property portfolio review spreadsheet is now available as a free download. This property portfolio review spreadsheet calculates your rental yields net of voids, the interest rate which will make your portfolio cash neutral and the true costs of rental void periods. It is incredibly easy to use, simply fill in the boxes and the […]

Trickle vents in double glazing – Huntingdon Landlords Question

1st July 2013

We are looking to get double glazing fitted in the property we are currently renting out. The double glazing company said that trickle vents have to be fitted in the windows by law – is that correct? We would rather not as the idea is to have a sealed unit for warmth. Would this be […]

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Rising numbers of amateur and accidental landlords

1st July 2013

The number of amateur and accidental landlords has undoubtedly risen over the last few years as those struggling to sell their properties have instead opted to test the rental market. Despite having no previous experience, many of these landlords have tried to cut corners by not instructing a reputable letting agent and attempting to self-manage their […]

The GOOD Landlords Campaign

Andrew Taylor of Brighter Living Property Northampton

1st July 2013

Andrew Taylor of Brighter Living Property Northampton We rent above average homes, to above average tenants, paying above average rent. We are a service provider, our tenants are our customers. Our goal is simply to retain our customers, and to ensure they continue to want to pay for what we do. We aim to be […]