We have recently changed letting agent as they were taking weeks to pass the rent on and were difficult to track down. The new letting agent has received the paperwork which shows that the current tenant is under age (17) and that no references were taken out on either her or her boyfriend. The new letting agent would normally begin a fresh AST but can only do this with the boyfriend as the girl is under age. He works ‘cash in hand’ so no chance of us getting any Rent Guarantee Insurance on this let.
My questions are:- Continue reading Letting Agent signs up a 17 year old tenant – EEK!
How difficult can it be to advertise property to let on all the major rental portals, reference the tenants properly and guarantee the rent and legal expenses in one package with money back guarantees?
It shouldn’t be difficult should it?
What will happen to landlord confidence when such a package is available do you think?
Continue reading Advertise property to let, reference tenants, guarantee rent – one package
I suspect very few of our readers expected to see the words Rent Guarantee Insurance and LHA Tenants in the same headline!
Following headlines that only 1.5% of landlords will now let their properties to tenants in receipt of housing benefits is alarming, particularly if you are a landlord whose entire property portfolio is only attractive to this demographic due to location. Fortunately we think we have come across an interesting and incredibly innovative solution for landlords in this predicament. Continue reading Rent Guarantee Insurance for LHA Tenants
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
I’ve been using Online Letting Agents to advertise my properties for a few years now. For me they are the most economical way to market my properties on the major property portals.
Earlier this week I tried a relative newcomer to the market which, I have to say, looked a bit to good to be true. However, as it cost me nothing to use the service I decided to give it a go.
I instructed them to market this property for me on Tuesday night and within a few hours it was listed on Rightmove, Zoopla and many of the other major property portals. It didn’t cost me a penny! Continue reading Online Letting Agents Review
Tenant referencing has now evolved to the extent that insurance companies are prepared to underwrite the risks associated with the financing of Advanced Rent payments, allowing landlords to secure payment of up to six months rent up front. The insurance company underwrites the entire cost of the Advanced Rent and collection of monthly rent payments from the tenant. Continue reading Advanced Rent – is this the ultimate assurance for landlords?
Having spent a lot of time lounging around the swimming pool and on the beach over the last few weeks (wedding and honeymoon in Florida) I couldn’t help thinking about creating a “Charter for Good Landlords”. Perhaps that’s a bit sad but hey, it’s the way my mind works and I can assure you it wasn’t the number one thing on my mind if you get my drift (wink wink). Continue reading Charter for Good Landlords
Landlord possession claims increase as rent arrears are at their highest level for four years. The Government’s quarterly court statistics show that in the second quarter of 2012 there were 25,422 landlord possession claims that led to an order being made.
Since 2010 orders made in England and Wales are up by 8% with Gloucestershire and Hampshire being hardest hit with both suffering increases of 29%. Figures from Templeton LPA show there are now 99,000 tenants in arrears of two months plus, which is the highest level since 2008 and a 15% increase on last year. Continue reading Landlord Possession Claims Increase
If you want to get your phone ringing off the hook next time you advertise a property to let just add the words “DSS Tenants and Pets Considered subject to guarantees.”
In this readers letter yesterday several landlords shared their horror and dare I say naivety of the law in some of the comments they left. Continue reading DSS Tenants and Pets Considered “subject to guarantees”
Is it possible for landlords to have a partial exit strategy without selling the goose that lays the golden eggs, i.e. their buy to let property. I have spoken to a very wide cross section of landlords over my time who have reached the point where they are saying “enough is enough”. They are fed up with tenants, letting agents, rules & regulations and of course void periods. However, for a whole plethora of reasons they don’t consider that now is the right time to sell up and are looking for alternative or partial exit strategies. Continue reading Partial Exit Strategies for Landlords