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paulrybak

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Everything posted by paulrybak

  1. I'd let them go and then contact a debt collection agency to find them and get your money back. My friend used dbcl who located the tenants and he received all his money back. The key is getting them out.
  2. In my opinion this whole covid thing is a total over reaction driven by the greed of big corporations who have inched their way into the ears and pockets of governments on a global scale. The WEF are unashamedly using covid as a trigger to impliment their 'great reset'. https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is/ Sky news Australia sum it up well: I believe their plan is to create so much debt that there will be some sort of debt cancelling scheme, where government debt is cancelled in return for the global elite taking control of assets and people. There's no way that so many countries would all get their responses to this so wrong and in such a coordinated manner. Anyway I've said my piece, call me a conspiracy theorist or whatever but please do your research on this and don't just take my word for it.
  3. They're determined to bankrupt small businesses and impliment the (not so) great reset.
  4. In my opinion a home buyers report is not worth the paper it's written on. You'd be better off asking a trusted builder or general tradesman to have a look round and highlight anything obvious.
  5. If you may need to access pipes or cables under the floor boards then carpet is a safer bet.
  6. As a landlord I don't like these. I feel they are being pushed too heavily by the agents (to gain commission). They are more expensive for the tenant in the long term. Worryingly I believe I have found a loophole with the biggest zero deposit provider. They couldn't give me a satisfactory answer to my questions on this so I now avoid. I believe that deposits are an important way of having tenant commitment.
  7. In my opinion even the basic toilets and basins are ok and robust enough. The thing to pay attention to is the quality of the bath and how it's fitted. Look for a bath that has a fully encapsulated base board. When fitting frame it out well to provide support and you'll not go far wrong. I now avoid fitting the cheap plumbsure baths from b&q as they are very flimsy. You don't need to spend a fortune on a bathroom suite, even a cheaper suite will look good if it's finished nicely with decent tiles or bathroom panels. Buying your taps online will also give you decent savings.
  8. Have you thought about mystery shopping the agent? Perhaps a phone call to them enquiring about the property would tell you if they were actively marketing the property or not.
  9. The reason I now manage myself is because my previous managing agent just passed on problems to me with an unhelpful delay. In my opinion a managing agent should come up with solutions and not just pass on problems. National chains do have more of a corporate mentality that really puts me off. They can be inflexible because of this and desire ever greater profit margins because head office has increased their targets. If you offer a genuine, honest, flexible service, backed up with local knowledge you'll be onto a winner. If you are a landlord yourself then this is a real bonus as you can see the landlord's side of things. This will give you a boost over the national chains who's staff have never experienced being landlords.
  10. 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.
  11. Tell them someone is living there and they will respond much quicker.
  12. 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
  13. 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.
  14. 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
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 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
  21. 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
  22. Depends on many factors, is this problem occurring on the ground floor or 1st floor?
  23. 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
  24. 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.
  25. They appear to be a remedial damp treatment based around the same principle as the Schrijver damp proofing system. The theory is they increase ventilation to the cavity and prevent damp. They'll likely not be doing much to improve whatever issue they were trying to solve. It's far more likely any damp patches you are seeing are caused by the window, window seals/sealant letting water in or salt contaminated plaster. If the latter then the way to cure this is to remove and replace the affected area. Can you post some photos of the outside of the window showing the seal between frame and glass and frame and wall? Paul
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