Laurie Hughes of Fameport Ltd Swansea
I have been a landlord for over 10 years and am a member of the NLA. I am a professional landlord specialising in student HMO properties.
We offer high quality accommodation close to Swansea University. We take maintenance seriously and employ a local full time property manager who promptly deals with maintenance requests. We have an excellent relationship with all our students, many of whom stay at our properties for the full undergrad period.
Although I have been a landlord for a number of years, I believe there are always ways to improve things and learning new ways of managing property and looking after tenants.
Continue reading Laurie Hughes of Fameport Ltd Swansea
I’m often asked what I would buy if I was starting again today ….. HMO’s would definitely be on my shopping list 🙂
The reason for this is that I can only see that demand for this type of accommodation will grow. Rental yields are already well into double figures for this type of investment.
This morning I received the details of a very smart looking HMO which is producing a gross rental yield of 17.7% based on a sale price of £160,000. An extract of the property description was:-
“A fully refurbished, immaculately presented, fully tenanted HMO in Doncaster, DN4. This fantastic freehold HMO property comprises 5 self contained studios all with en-suites and kitchenettes, large shared kitchen and separate bathroom.”
The sales particulars were nicely laid out and very detailed. For a relative newcomber this particular offer looked very promising as the property is already tenanted with working people and a property manager is already in place too.
The website I was looking at also had a variety of other HMO’s for sale as well as an alerts feature which is very easy to subscribe to so that you can be informed whenever an HMO is listed for sale.
If you are in the market to grow your portfolio I suggest you take a look at the website by completing the short form below.
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Syd Lewis of A+ Inventories Camberley
I am a Landlord and my company A+ Inventories provides reliable, high quality, professional residential inventory services, PAT testing and marketing floor plans for Letting and Estate Agents, Trusts, Associations, Property Managers, Solicitors, Private Landlords, Relocation Companies and Tenants. We cover the areas of Berkshire, Hampshire, Middlesex and Surrey.
Our reports are impartial, detailed, and easy to read. They include embedded colour digital photographs and are normally produced within 24 hours of the property inspection. We can email the report to you as a PDF file or if you prefer print bind and send them to you by special delivery. Continue reading Syd Lewis of A+ Inventories Camberley
One of our readers has sent in the following email (dark blue text below) and is looking for ideas that other landlords have used to minimise tax by spreading rental profits between spouses.
Mark Alexander has shared a few thoughts but would like to point out that he’s not a qualified tax adviser. Therefore, we have also included a contact form for you to get in touch with the accountants Mark uses. He’s also invited their landlord tax expert, Neil Barlow, to comment. Continue reading Can landlords spread rental profits between spouses and minimise tax?
Tessa Shepperson of Landlord Law is a solicitor specialising in residential landlord and tenant law. Tessa very kindly wrote a series of articles exclusively for readers of Property118.com some time ago. These still serve to be an excellent resource for landlords who find them when searching the internet so we have decided to create one article giving an overview of the various insights shared by Tessa and links back to the full articles. Tessa’s subscription based website is an extremely well regarded legal resource tool amongst the legal profession, property managers and portfolio landlords.
Continue reading Tessa Shepperson of Landlord Law offers this free Advice to Landlords
Just suppose you could buy property management from just £14.99 per month, per property in the vast majority of the lettings hotspots in England.
Would it really be worth the hassle of trying to organise everything yourself?
Could you be certain that you would be able to do it for less?
You might be forgiven for thinking that such an offer would be made by an unqualified agent who is cutting corners. However, what if I were to tell you the agent offering this service is fully bonded with ARLA and has client money protection insurance too?
Continue reading Property Management from just £14.99 a month
Private landlords are facing costly property damage and lost rental income from ‘drug factories’, which are on the increase across the UK, according to the Association of Independent Inventory Clerks (AIIC).
Under the Misuse of Drugs Act 1971, a landlord or property manager can receive a maximum of 14 years in prison and/or a fine if they allow the production of controlled drugs to take place in rented accommodation. Under this legislation, there is also the potential for premises to be seized or forfeited.
Did you know that landlords can be prosecuted for money laundering offences under the Proceeds of Crime Act. At best for landlords, the cost implication can be huge and it takes time for premises to be cleared and made safe for future tenants. This in turn could result in loss of earnings. The property may even need to be demolished. Continue reading Private landlords hit by costly damage from Drug Factories
The GOOD Landlords Campaign is a concept born as a result of a community of like minded professional landlords sharing best practice on the Property118 internet forum.
These professional landlords wanted to differentiate themselves from inspired amateurs who rent out their properties with no real long term strategy or regard for their tenants desires to put down roots.
Some members of the community own very large property portfolios whereas some only own one property. However, one common factor sets them apart from other landlords – it is their mindset towards their business and duties as a landlord. Continue reading What is “The GOOD Landlords Campaign”?
My vintage year was 2003. I was followed for 24 hours by a camera crew to make a TV program about young entrepreneurs. By then I had 100 people working for me selling buy to let mortgages and turnover from mortgage sales was £7 million a year. In 2003 I also purchased my first built to order super-car, a Ferrari 360 Spider. I visited the worlds best hotel and had a suite with a butler at the Burj al-Arab in Dubai. In 2003 my property portfolio made me an extra £1 million in 2003 without lifting a finger. It was a bitter sweet year though as I also lost one of my dearest friends in a car crash at the end of 2002. My friend David was one of the first people to start working with us, he lived with my wife and I for three days every other week and the same with my business partner on the alternate weeks for several years. That all started whilst he was going through a messy divorce. He continued commuting between Norwich and Halifax for work even after getting re-married until the saddest day of my life. I received a call telling me that David’s his car had left the road and flipped several times killing him instantly. He’d left our office only a few hours before and was on the way home to see his new wife and new born baby. It was that which changed my outlook on life forever and was also the reason I started to enjoy my wealth. We never know how long we’ve got left. As they say, there are no rehearsals in life. Continue reading My BuyToLet Portfolio “Vintage 2003” – part 8 of my latest series
I thought I’d share with you how we manage to close so many of our tenant prospects. Our secret lies in understanding the barriers that most agents put in place to put off tenants!
First, they require potential tenants to complete L O N G application forms (or duplicate/triplicate ones if multi applicants) which they must some how get to their offices (only open 9 – 5, and not weekends. Not great if you are working!). They could of course rely on snail mail…. Then they worry that the application process will take around 7 days when they need to get on with their house moving plans now. Continue reading Tenant prospects and how we close them – revealed!