Tag Archives: Letting Agency

Property Portfolios Can Spoil Holidays landlord's log

What could be worse than laying on a beach or sitting on a ski lift whilst trying to sort out somebody to go out to fix a tenants broken boiler, cooker, blown down fence etc. Portfolio landlords often prefer to manage their own property portfolio’s and this can be a real problem for them. The telephone bills can be astronomical and it’s not much fun either, especially if you are sitting in a cafe having to work whilst your partner is having to entertain the kids. Continue reading Property Portfolios Can Spoil Holidays

Should Landlords Pay For An Inventory? Guest Columns, HMO's & Student Lets, Lettings & Management

One thing I have learned from our experiences working with letting agents around the country is that they operate in many different ways. That’s not just between different agencies but also between different offices within the same company. Here in Altrincham, Cheshire, for example, they tend to operate in a very different way from letting agents just a few miles away in Manchester city centre.

Although Altrincham is an affluent area, it is extremely competitive and agents need to include inventory costs within their fee structure, whereas in the city centre, agents tend to charge landlords £100-£120 in addition to the standard fees (although the inventory costs are usually absorbed by the agent if the property is being fully managed). Continue reading Should Landlords Pay For An Inventory?

Northern Property Giants landlord's log

Paul Fieldson from the online property auction service BidOnMyHouse.co.uk and John Paul, founder of the highly successful Northern Letting Agency Castledean Group, which specialises in LHA tenancies, are Northern Property “Giants” in every sense of the word.

Both businesses have been established since the beginning of the credit crunch and are putting many established operators to shame with their rapid growth.

These guys have become very good friends so I’ve taken the liberty of having a bit of fun with the captions. Continue reading Northern Property Giants

£1,200 a month in rent from a £100,000 property! Latest Articles, Video Interviews

Award winning buy to let portfolio building specialist speaks about his landmark David & Goliath victory over his local council. Robin Pilley is the founder of CXG Property Services which specialises in high yield HMO (Houses in Multiple Occupation) and letting. His combined business letting agency and property sourcing business is one of a kind in his area of operation. Continue reading £1,200 a month in rent from a £100,000 property!

Students Becoming Landlords HMO's & Student Lets, Latest Articles

University Students Becoming Landlords

With the rising costs of university education some families of students are choosing to help their offspring through University and onto the property ladder.

Property values are depressed, rental returns are high and interest rates for borrowing are at an all time low. This is a wonderful opportunity to create profits to offset the costs. Continue reading Students Becoming Landlords

Secret Billionaire Pays £7,857 a Day Rent for London Flat Latest Articles, Lettings & Management, Property Market News

Monopoly houses on coins

"The London prime property market is flourishing"

Demand to let prime London property is surging with rents reaching £55,000 per week for the cream of homes.

Wealthy visitors settling in London from overseas are driving the market – with cash-rich tenants from Russia, the Middle East and Asia battling for the best properties.

Harrods letting agency set the record with £55,000 a week- £7,857 a day – to rent a Central London flat to an Arab billionaire. His name and the flat location are closely guarded details as he demanded complete confidentiality.

“The prime property market in London is the fastest growing area in the UK. We have not only seen an increase in demand from buyers but also those looking to rent which in turn is pushing prices up,” said Shirley Humphrey, sales and marketing director of Harrods Estates.

“Some 89 per cent of our sales are from high net-worth individuals from overseas, particularly Russia, Middle East and Asia, where we achieve our highest sales. The short supply of property and high demand from international buyers is unlikely to slow, indicating prices to buy and rent will be even higher by the end of 2011.”

The cosmopolitan nature of London lettings is reflected in Harrods hiring interpreters covering 27 languages.

A look at other leading London letting agents gives an idea of what rents of £30,000 a week or more can secure for the wealthiest tenants.

Knight Frank is offering a furnished seven bedroom house in Brick Street, Mayfair for £40,000 a week – £5,714 a day – comprising a drawing room, dining room, cinema, study, bar and games room, seven bedroom suites, swimming pool, gym, solarium, underground car park, courtyard and roof garden.

If that price is too rich, Savills have an unfurnished seven bedroomed end of terrace house in plush Eaton Square, Belgravia.

A cool  £30,000 a week – £4,285 a day – secures a Grade II listed house with three receptions, dining room, study, media room/library, garden room, swimming pool, utility room, cellar, two garages and staff quarters consisting of two en-suite bedrooms, a reception room and kitchen.

The New Kids on the Block Don't Shoot The Messenger, Guest Articles, Guest Columns

What do you think of the way councils operate in relation to housing in your area? Do you think they are on the ball? – Helpful? – Proactive? – A blessing or a curse?

Not only can I guess your response but also the look on your face as you read those words.

But soft………what is that delicate fragrance I can smell wafting in on the chill breeze of the current housing crisis? The aroma of the Social Letting Agency. This may not only change your attitudes to your local council but also the way that you do your business. Continue reading The New Kids on the Block

OFT warns letting agents about unfair contracts Latest Articles, Lettings & Management

House keys on a Letting Agents map

"Unfair Letting Agent contracts may lead to action"

Letting agents have been warned that they must offer landlords clear and fair contracts or face action from government consumer champion the Office of Fair Trading.

The OFT is concerned that some letting agents are not abiding by a High Court ruling that found tenancy renewal terms in contracts between London letting agency Foxtons and landlords were unfair. Continue reading OFT warns letting agents about unfair contracts

Spotlight on Robin Pilley, HMO investor – Part four of a four part story Guest Articles, HMO's & Student Lets, Latest Articles, Lettings & Management, Property Sales & Sourcing

Robin Pilley invests into HMO’s (Houses in multiple occupation) in the Haverhill area and regularly achieves up to 16% yields, he is also a Director of CXG Property Services, which is a Letting Agents and Property Sourcing Company.  As these yields are so good we’ve asked Robin to share his story in a four part series.  This is the fourth article in that series. Continue reading Spotlight on Robin Pilley, HMO investor – Part four of a four part story

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