If you had a choice of the two tenants below which would you choose:

If you had a choice of the two tenants below which would you choose: 1. A middle-aged couple (one working and earning minimum wage, one at home) with two school age daughters, who have rented their current two bedroom home for 4 years, and now want a 3 bedroom house so that their daughters can…

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Should you take Housing Benefit Claimants?

You may have noticed that the tide is turning when it comes to Housing Benefit tenants. Consider, a couple of years back average Local Housing Allowance (LHA) levels were often as high, if not higher, than market rent for professional tenants, the rates available for four and five bedroom properties were mostly very generous, the…

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As a Property Landlord are You Charging Too Much Rent ?

Have you ever made the same mistake I did – and set the rent too high? I remember when one of my first properties became vacant some years ago. I carefully researched the local rental levels on Rightmove and all the 3 bedroom properties were marketed at between £575 and £599 per month. Mine was…

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How to do the Perfect Property Inventory

If you ask 2 different letting agents how they do inventories and condition reports, you’ll probably get 3 different answers 🙂 The systems in place range on one extreme from; None, to carrying out detailed reports with lots of photos and notes. Now in an ideal world, everybody agrees that the latter is the best…

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You’re now liable for council tax on your rental property

You’re aware that the tenant has to pay council tax, but did you know that when a house is empty, it’s now your responsibility. Until recently, councils would allow a landlord up to 6 months exemption whilst a property was awaiting re-let. Not any more! Due to cuts in government funding, councils have looked for…

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EPC Reports Cost Hundreds of Pounds!

Let’s face it. EPC’s are a pain in the backside. Tenant’s don’t read them, they are supposedly to help the planet. So we print out lots of reports to help kill off the Amazonian Rain Forest and feel better about ourselves! Because the politicians pandering to the green agenda implemented this, all properties listed now…

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Get Your £10k Home Improvement Hand Out…

As a landlord you can be forgiven for thinking that every bit of news from the government concerning the lettings sector is bad for the landlord – A new set of obligations which comes with the obligatory application process. Creating paper, jobs and VAT income for the government! Enough of my cynicism 🙂 So this…

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Negative Equity Affects 500,000 Households

Nearly half a million UK households are still in negative equity – meaning their homes are worth less than the mortgages on them, figures show. There is wide regional variation, with 41% of borrowers in Northern Ireland – 68,000 homeowners – in negative equity at the end of 2013, the figures from mortgage group HML…

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Act on This Email! Or You May Lose Your Home

Sorry for the alarming subject, but I really thought I should bring this to your attention. Recently there has been a surge in fraud cases by tenants who sell landlord’s houses and pocket the cash. The swindle is amazingly simple. A tenant will move into your home with the intention of committing the fraud. They…

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Your Tenant can now claim 4 x your rent from you

As a landlord you’ll be aware that if you take a deposit, it must be registered with an approved provider. The rules around deposits, when to lodge, what happens if you register late etc, has been the subject to lots of costly court rulings. The government have now clarified the position – but it does…

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