I’ve always been a big believer in collaboration not competition and that’s why I’m so pleased to see the on-going success of Property Tribes (my favourite internet discussion forum) and one which this website has such strong ties with.
I say strong ties, but these ties are based on mutual respect and the desire to enrich the property community, not commercial ties, because there has never been a commercial transaction or relationship between the two sites.
Property Tribes and Property 118 have stood together and grown together, sharing the same values and belief in education, building a network and building social proof in an open, respectful, supportive, and professional manner. Continue reading From Rock n’ roll to bricks n’ mortar … a short review of Property Tribes
“Landlords, Tenants, Dogs, Pets” is part 7 of my latest series of articles entitled “My first intentional property investment“
Ever since I was a kid I loved dogs, I didn’t even mind the ones that used to snap at my fingers and try to break the door down to rip me to pieces when I had a paper round in my youth. In fact, I found the prospect of taunting them a bit of fun, probably because we had dogs ourselves. I had the MacDaddy of all dogs, a huge long haired German Sheppard called Zak who used to take me for walks. Continue reading Landlords, Tenants, Dogs, Pets
Case study relating to an expat property investor interested in keeping a foot on the London property ladder.
Two years ago a potential buyer, Andrew, a virgin expat property investor contacted us. Andrew was in his early thirties, single, handsome, a first-time buyer and successfully worked in finance for a large corporation in Singapore. His concerns were that when he eventually returned to the UK, he wouldn’t be able to afford even a one bedroom flat in Central London as he had been watching property prices rise, even during the recession.
Continue reading Expat property investor – the need for professional help
“I need to use grass cutting machine” said my Polish tenant when he called me one Saturday afternoon. You mean a lawnmower I said, don’t you have one?
“My friend say that you must provide” he replied.
Was he right? I’d let the house unfurnished, surely he should buy his own lawnmower? None of my other tenants with gardens had ever asked me to buy them a lawnmower. What a cheek I thought. I told him I’d look into it and to be honest I forgot. Continue reading Lawnmowers – do landlords have to provide them?
By 1999 I had realised that I needed to put money aside for maintenance. Tenants were moving in and out all the time and I was bleeding money on carpet cleaning, magnolia paint and replacement carpets at an unbelievable rate. I’d started investing into bigger houses and renting them to people with children and groups of professionals so the wear and tear was much higher. Remember, I’d also been furnishing my properties with cream carpets. When they got shabby it was difficult to find new tenants without replacing the carpets. Continue reading My first intentional property investment part 5
My first intentional property investment part 4 – “My first Property Management Checklist“
In the last instalment of the story of my first intentional property investment I promised to share with you the first property management check list I put together, it wasn’t perfect but it was a lot better than nothing. If you want to catch up on the other stories in this series please see my Landlords Log.
Just two years after buying my first intentional property investment I owned 9 more. Buying that first one was like finding a magic lantern for my buy to let mortgage business. The Genie that popped out to grant me my wish gave me the confidence I needed to share with other prospective landlords how I got into the business and how I had overcome my nagging doubts. I was still relatively wet behind the ears but I knew more than most, especially the newbies who were starting to get interested in this new “buy to let” phenomenon. You see, when I purchased my little flat nobody had heard of the phrase “buy to let” as it hadn’t been invented. When ARLA created that phrase in late 1996 the media really grasped onto it and buy to let was in pretty much every newspaper every day. Continue reading My first intentional property investment part 3
Falling prices and relaxed buy to let finance lending has let landlords swoop to add properties to their portfolios.
The average professional property business portfolio increased to 14.1 during the last three months, according to a poll by landlord lender Paragon Mortgages. Continue reading Confident landlords plan to buy more homes to let
Property investors often have a key question – is my money better off in property or in some other form of investment?
Many companies try and answer the question – mainly because they want to relieve property investors of their hard-earned cash in return for selling something. Continue reading Do property investments have a golden lining?
Having agreed to buy my first intentional property investment I soon realised that it’s a bit like a visit to the loo, paperwork is important!
I’d purchased my first home a few years before but to be honest I’d forgotten about all the paperwork I’d done at that time. All of a sudden it all came flooding back to me. I wonder if women go through something similar when they give birth to their second child? Never say never again!!! Continue reading Part two of the story of my first intentional property investment