LandlordZONE

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Feb, 2015

Sunday

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  1. I had an agent that made provision for...

    I had an agent that made provision for supervising major works in their agreement. From memory I think it was on a 10% commission basis. This sort of arrangement might work IF you had a long-term...
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    The agent is required to belong to one of three...

    The agent is required to belong to one of three approved redress schemes (see e.g. https://www.gov.uk/government/publications/lettings-agents-and-property-managers-redress-schemes) This can provide...
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    Doesn't sound like much of a gentleman.

    Doesn't sound like much of a gentleman.
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    02/01/15::

    02/01/15::
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    I have found the big energy companies to be...

    I have found the big energy companies to be fairly useless, and it seems this is a common experience. One in particular.

    I think one problem with the call centre model, to borrow from programming...
  6. In this situation I would explain to existing...

    In this situation I would explain to existing agent that I wish to terminate the agreement with immediate effect, and ask whether they agree to this. By the sounds of it they may well do.
  7. I think 'BTL' is fine if referring to a mortgage...

    I think 'BTL' is fine if referring to a mortgage because rightly or wrongly that is what non-commercial landlord's mortgages are called. However, I would refer to the property itself as a 'rental...
  8. Who's Krys? (I'm guessing his mum's name is...

    Who's Krys? (I'm guessing his mum's name is Krystal or Kaytlynn or some such.)
  9. I am perhaps being mildly pedantic, but not keen...

    I am perhaps being mildly pedantic, but not keen on the use of the term 'BTL' in this context. By the sounds of it you did not buy the property to let. You bought it to live in.
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    Based on the SMS the tenant is probably a native...

    Based on the SMS the tenant is probably a native English speaker IMHO.
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    x

    I had a well-known energy supplier round last year to do a survey for cavity and loft insulation at a house. They do an EPC as part of the process in order to apply for the required government...
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    Section 21?

    Section 21?
  13. Thread: Happy New Year

    by doobrey
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    Slightly beyond the scope of the question but...

    Slightly beyond the scope of the question but FWIW I have been enjoying some of the customer reviews of Michele Bachmann's autobiography on Amazon*... particularly the top-rated one.

    * Other...
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    28/12/14::

    28/12/14::
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    If the property was bought in need of...

    If the property was bought in need of refurbishment, and that was reflected in the price, then I believe refurb costs for the most part will not be deductible from rental income. (Capital...
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    To clarify, are we talking about Political Risk...

    To clarify, are we talking about Political Risk Services, Inc, Guinea-Bissau's Party for Social Renewal or Parasi Airport in the Solomon Islands?
  17. Could be done using an Excel* macro, if Excel is...

    Could be done using an Excel* macro, if Excel is considered adequate for managing the data. It is for me, although I haven't got a huge number of properties.

    * Other spreadsheets are available
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    It is possible to hire a water butt: ...

    It is possible to hire a water butt: http://www.tvtoolhire.co.uk/product/water-butt/
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    How ironic.

    How ironic.
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    1. You presume that the property has depreciated...

    1. You presume that the property has depreciated by 100% and has no value after 15 years. I suggest that this not a valid premise.

    2. I personally wouldn't buy a property with a 4.8% maximum...
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    Very much tempted to comment, but... No.

    Very much tempted to comment, but...

    No.
  22. The fact is that prices in London and its...

    The fact is that prices in London and its vicinity are high, and yields are correspondingly low.



    Investment-wise (and perhaps not for the faint hearted):
    1. Buy the Russian Rouble and short...
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    17/12/14: 18/12/14:

    17/12/14:




    18/12/14:
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    I don't think you should make a margin on repairs...

    I don't think you should make a margin on repairs and maintenance (ref. this thread)
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    I think they should - for insurance reasons apart...

    I think they should - for insurance reasons apart from anything else. My insurers always ask whether tenant is working / benefit recipient / student. As such this is an important material fact and...
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