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About LLotus

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  1. I’d personally get friendly with the freeholder if he is the brother, it’s always better when you have some insider info about what’s going on and it helps you to understand. the occupant sounds as if he has mental health issues. Has your tenant complained to you about it ? It would be for your tenant to complain about noise abatement etc If it was that bad as there’s not a lot you can monitor when you don’t live there yourself.
  2. Use a letting agent, I’m actually in your area of the Uk and have used Your Move for a about 5 years now and I can’t fault them. I do also allow pets in my two properties, so a little more rent comes in and they usually stay longer as well. I’ve found a letting agent takes away the worry for me as I made mistakes going on my own gut instinct in the past.
  3. You have a few months left yet ! I’ve often bought properties in December when everyone else is concentrating upon Christmas, although in saying that of course Christmas looks cancelled right this moment! I always thought winter was a slightly better time to buy ?
  4. Hello everyone, so I’ve recently bought my first mixed use property, a shop with a flat above it with separate tenants in situ. Previous elderly landlord has moved to USA, leaving behind unpaid water bills to the tune of around £2500 for water and £1200 for waste water... Tenants tell me they were being charged 90/10 split by the landlord in favour of the shop which I believe is quite common when there is not a split separately metered water supply. Now I’ve been having neighbours and the shop tenant report various “stories” and minor problems about the tenant and her teenage son who are living in the flat. I met the woman on Friday this week for the first time and in the nicest possible way she is very “down to earth” claiming “some” universal credit but also working part time it seems. The unpaid water Supply of £2500 was being chased by a solicitor, so I contacted the solicitor and informed them that I am the new owner as of 29th June and that previous landlords emigrated as per estate agent comments. On Friday the shop tenant hands me the waste water bill for £1200 from Business Stream. Now I’m naturally a bit worried about putting all the water in my own name. Am I allowed to give the flat tenants name to the water companies ? so then she can get back to paying the majority of the water and then for her to claim the 10% from the shop tenant ? One of my own landlords who I rent a shop from, told me to just buy my own water meter and branch off the supply within the limits of my New property, but this then also will entail me putting all the water bills into my own name. What to do ?
  5. Hi, I can’t make the St Albans meet up tonight andWondered if anyone wanted my ticket for free, not sure if that’s allowed, but I’m sure someone will soon say so if that’s the case.
  6. Hi Conrad, thanks so much for responding, they accepted the offer, but I started wobbling on it A couple of days later, as it was literally the 3rd flat I’d ever looked at. Then the estate agent seemed to be putting pressure on me over the phone and was verging on being rude in all honesty, so it made me suspicious, I told him I wasn’t 100% sure now as the estate agents had also suggested I view the property rather than myself having found it online nautrally...
  7. Hi everyone, The estate agent has told me this flat has been rented out by the same tenant for the last 12 years, but is now for sale with no chain. In 2007 the current owner paid £120k for it, at the last peak !! Woolston is possibly up and coming and very close to city centre. I offered £125k over the weekend, (still waiting to hear) and rent should be in region of £600-650. It virtually needs nothing doing to it, so I could rent straight out hopefully. It’s difficult to work out if the price is about right for it as the block is a mix of 1 and 2 beds, some with views and obviously some without views. Do views add that much onto a property ? I’m a little worried I might be overpaying, am I missing something crucial here ?? No. 23 - please see screenshots from Zoopla below thanks