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About paulrybak

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  1. The water company should have an idea if a water main is located under the land. Its worth chatting with them first. Also your insurance may cover part or all of any investigation and remedial work. From what you describe it does sound like water under pressure is escaping so I'd be surprised if the water company weren't interested.
  2. Tell them someone is living there and they will respond much quicker.
  3. Here is some general advice I'd give to anyone your age: Don't get caught up buying expensive items such designer clothes, phones etc. Remember that poor people dress up and rich people dress down. Learn the difference between good debt and bad debt. Avoid taking out a loan on a deprecating asset (such as a car). Whilst education is extremely important most entrepreneurs are not educated to the highest degree. They achieve what they do with people skills. The book how to win friends and influence people is good. Set yourself measurable goals. Of any money earned pay yourself first, with a view to achieving these goals. In terms of property Onkar's suggestion of a part time job in property is a good one. You'll learn and network with knowledgeable agents and owners. You could approach letting agents asking if they need a hand taking calls or sorting paperwork out. Saturdays are usually busy for letting agents with move in's. They might appreciate someone manning the phones for a few hours? If you go down this route to remember the points above. You will see people with fancy cars and nice clothes, remember to ask yourself if they are bought with debt. I remember when I was your age my dad would point out scruffy people and say 'he's rich' or 'he's a millionaire'. I was sceptical at the time but it makes sense as they didn't waste their money on shiny things. There's plenty of time for nice things when you have that disposable income. Hope there's a couple of golden nuggets in this advice and good luck for the future! Paul
  4. A surveyor will nearly always say that the electrical system may not be to current regulations (regulations change all the time). Surveyors tend to just sit on the fence and advise having a qualified electrician look at it so I wouldn't rely on the surveyors comments.
  5. Hi Steve I'm no expert but you'd only title split at the point where you were selling one or both of the flats. The title split would be done at the same time as the sale conveyance? I know a good solicitor in Lincoln who I'd recommend. Pm me if you'd like his details. Paul
  6. The EPC needs to be valid when the tenant views and moves in or valid if you renew the tenancy agreement at any future point. It can expire once they've moved in but you'll need proof you issued it to them should you wish to serve notice at any point. You do not need a valid EPC for the full duration of the tenancy. The purpose of the EPC is to demonstrate the energy efficiency of the property so that tenants can make an informed decision about whether to proceed in letting it. I do EPCs for a living and it always amazes me how many people think you must have a valid one thouought the tenancy.
  7. You can use debt recovery company's to collect the unpaid monies. I know someone who used a company called DCBL to recover unpaid rent from previous tenants. He was very impressed with the service and was pleasantly surprised by the cost.
  8. As long as you plan and operate your lifts in accordance with BS7121 and LOLER 1998 you'll be fine. In all seriousness if you're asking this sort of question then I'd advise you contract lift these lifts. Sorry if this comes across as sarcastic but this isn't something you can cut corners on.
  9. You'll do no harm in advertising it, local letting agent told me they've been really busy the last week so demand should be there. Don't get sucked in by all the media doom merchants.
  10. I'd want to see proof of their hardship, bank statements and prehaps perform a credit check to see if their hardship stacks up. Most people are paid in arrears so to be claiming this so early would ring alarm bells to me. I'm all for helping people out but not for encouraging a free for all! If people are genuinely struggling they will be happy to offer proof.
  11. Hi Charlie I bought some vmuk and pfc shares last week. Been buying shares in a self select isa so nice from a tax point of view. I'm not a financial advisor so these are not recommendations! Cheers Paul
  12. It'll likely be the roof or the windows/window seals letting water in. Get the root cause fixed first then remove the contaminated plaster and replace. The plaster is full of salts that will likely continue to appear damp if not removed. In terms of a reasonable price it all depends on the root cause and what you think is reasonable price for the work. Hope this helps Paul
  13. Depends on many factors, is this problem occurring on the ground floor or 1st floor?
  14. As others have said exit strategy is probably the greatest concern. If you had to sell this on then would anyone else wish to purchase it from you? You might want to also consider that the walls may be lined with asbestos and could cost a decent amount to professionally remove. Worst case you have a contaminated building plot! Hope this helps Paul
  15. Lincoln, decent returns and a very strong rental market give good all round performance. However the answer to your question really depends on what you are aiming to achieve.