Jump to content

Search the Community

Showing results for tags 'rent'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Property Hub
    • Housekeeping
    • Property in the news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Chit-Chat
  • The Property Hub Summit

Calendars

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Skype


Location


Areas I invest in


About me


Property investment interests


My skills


My goals


Interests outside property

  1. Hi guys, Has anyone used (or heard of) Rent Connect (http://www.rentconnect.co.uk/) to rent out their BTL's before? I can't find any reviews on them online. I've been told in London they deal with homeless tenants and people in need but outside of London they assist people with moving, for example the tenants they deal with have to be full time employed without pets but earning as a family less than £29k. So the tenants they place in your property will be full time employed and either stationed there temporarily due to insurance work or need help with moving due to thei
  2. I am a real estate investor who has a particularly keen interest in Liverpool. I like the city and its culture. So, I want to invest somewhere around 60k-150k pounds on a property. What are the best areas to invest in depending on the crime rate and expected yield percentage per year. I want to invest around the city centre. Which are the L1-L8 areas I believe. What are the best areas that I could invest in?
  3. My husband moved to England more than one year ago because of work relocation and I followed him moving to England a few months later. My husband signed the tenancy agreement. Two days before the end of the tenancy, we cleaned the flat (including the balcony) thoroughly with reasonable care. Two days after the tenancy ended, the problem emerged. My husband was informed by the landlord that they hired a professional cleaning company to clean the flat and asked us to pay for it. The cleaning cost is 300 pounds. It is absurd that my husband was required to pay for the fee based on the follo
  4. My parents own some 1-2 bed flats in Kendal, Cumbria. They're a good size ranging from 34-47m2, are in good condition (despite being refurbished 20 years ago) and are fully occupied with good tenants. My parents are retiring and I'm taking over the remote management of the properties. As part of taking on the properties, I wanted to understand the current rents being charged compared to the current market. LHA rates locally are circa £500/£600pcm for 1/2 self-contained flats respectively. Properties being marketed locally for rent suggest similar rates. My parents flats are being rented a
  5. Looking to be more hands on with property and am expanding into our no2 and 3 BTLs. Previous agent we liked but was very arms length in terms of management, the trades people instructed were not great and it often took a long time for call outs etc. off the back of a refurb we have some good contacts now for trades and handymen. Does anyone on here use open rent or used open rent previously?? thanks
  6. I'm in a pickle! I have become emotionally attached to my tenant. He's been a model tenant for about 10 years and i have a good relationship with him. He's never asked for anything and takes excellent care of the property, even making little improvements. I currently charge him £475 but a recent valuation recommends £550. I'm happy with the rent I receive at the moment and would love to retain my current tenant, he could easily move on. i'm coming up to a remortgage and told this rental amount may effect my stress tests. I know I'm running a business and I'm calcula
  7. Hi all, A big topic for you today - if dangerous cladding is found on a block of apartments, who pays to fix it? One of the properties I own is a flat in a block with 100+ leaseholders. I can't divulge too much information because it is an ongoing legal case, however we are currently pursuing several avenues of legal proceedings in order to determine whose responsibility it is to pay for the potential 7 figure cost of replacing all of the cladding on the building. Will it be the leaseholders, who are supposed to be responsible for maintenance and repair of
  8. Hello looking for some advice. I have a flat in London rented to a couple. The tenant contacted me today regarding his partner being made redundant and asked if there was something that I could do on rent. I don’t have a mortgage on the property. I wanted to ask what people are doing in this situation ? The current rent is 1700pcm. I was contemplating offering them a ‘rent holiday’ so that they pay 14000pcm instead for 3 months. Once the tenants partner finds another role it can return to the 1700pcm. They would then have 6 months to top up the rental payments to make up the £900 the
  9. Hi everyone, So I'm looking to get a standard letter ready to send landlords about the possibility of rent to rent. I need a bit of help with what/how to word the letter the best way possible. Can anyone help me with this? Thanks!
  10. As a property investor (I'm not a landlord): For example, I found a BMV property, then apply for planning permission to convert into an HMO property depending how many bedrooms and use the bridging finance to refurb it, then use the property to rent it out to potential tenants if that makes sense. This is a buy to let. Someone mentioned that property management/ Rent2Rent is a trading business. Which of these codes are applicable? It is really confusing. SIC codes SIC code 68100 is for the buying and selling of own real estate; so, if you’re going to be flipping and
  11. Hi everyone, I am a landlord currently with two B2L properties looking to expand my portfolio. I am also someone who constantly thinks about business, new ideas and how I can help other property investors. One area that there seems to be little to no discussion on (at least that I can find) is that of recovering lost rent when NO rent guarantee scheme or insurance has been purchased. Typical scenario would be you have had to evict a tenant for not paying rent, you have no rent insurance, have paid all the court fees and are now out of pocket for £££’s of pounds. What can you do to g
  12. Hi I am from Reading and currently going through the Goliath Sourcing Academy training. I have learned alot about property over the last month. I am in the process of putting together my goals formally. My end goal is to build a buy to let portfolio with the aim of earning atleast 7,000pcm after tax. My chosen strategy is BRRR or BR and flip. However I do not have enough capital to source. So my strategy will be to Co source deals with a deal sourcer, use that money to start my own deal sourcing business, use the money from the business to implement my strategy. Therefore if anyone if an
  13. Hi all, I've had an offer accepted this afternoon but I think I might have a problem getting a mortgage. I had previously spoken to the local council and told them about the possible purchase and they said they would gladly take the property and guarantee me the rent every month directly into my account. Now the problem is the tenants could be a working family or on benefits and I cannot choose who I want in the property. My broker said I have been refused by one lender because it is a rent back guarantee and they will try more tomorrow. Is this going to be a problem going forward?
  14. Hi, My tenants are coming to the end of their 6 month contract in my house and stated that they would like to sign a new 12 month contract or anktger 6 month contract, rather than remaining on a rolling/month to month agreement. They have reported to the estate agents that they are very settled and would like the security of a longer contract. What are the advantages and disadvantages, from my point of view, in offering them a fixed term contract rather than keeping them on a rolling contract? I have no plans to replace them, nor have I plans to up their rent in the next 12 mont
  15. Hi everyone, I've found myself in a bit of a predicament with an impending divorce and trying to figure the best way to navigate out of this situation. Any advice on the following details would be much appreciated. I have a property jointly owned with my ex. We have amicably decided she should get her share of equity that we've made plus any contribution to previous renos costs. This comes to approx. 60k. My issue is how best to raise the £60k. The easiest option would be to sell up and start again. However I've put a huge amount of work into renos and improvements over the last
  16. Hi guys I have just leaped into my first investment with a standard BTL property in Salford, Manchester. Was wondering if anyone on here has any knowledge of the area and any thoughts on the deal. I managed to get the deal slightly below market value. I have attached the right move link below. Any feedback is welcome. http://www.rightmove.co.uk/s6p/61096188 Cheers Mason
  17. Hi all, I'am Ben 28 year old builder from Leeds. I've been in to property as long as I can remember And always wanted to develop property and rent them must have been all the grand designs and homes under the hammer I watched as a kid!! I'm looking for some opinions on what my next move should be as the time has come we need to move house to something bigger for are growing family. I bought my first 2 bed house that I payed 75,000 for and renovated for 25,000. I've just had it revalued at 140,000. So this Is my dilemma rent for the passive income as
  18. Hi all, We are looking to rent out our existing four bed family home after finding a new home. There is an opportunity to let the property furnished and just wondered what increase in rent, in % terms to expect against leaving the property empty? Also, will letting the property furnished increase or decrease it's desirability? Thanks in advance. Phil.
  19. Me and my partner are desperate to move out of my mums house but also I want to save up for a deposit for a flat. What's the best way to go about this?
  20. Hi all, I'm looking for some advice on what to do with my shared ownership headache. I bought a 50% shared ownership flat from a housing association in 2005 for £45,000 and, after being in negative equity for years, it now has £20,000 left on the mortgage and is valued at approximately £35,000 for 50%. I moved out of the flat about 18 months ago and bought a house with a family member. I have just finished refurbishing the flat with the intention of renting it out. I have been running through some figures but it doesn't seem as rosy as I thought it might. At the moment
  21. Hi, I am coming close to completion on an 1 bed off plan property ive purchased in Birmingham City Center. I have a slight dilemma whereby the Property management/estate agent who also happened to be selling furniture packs for a lot of the units is advising i purchase the furniture pack. See below for Details: "City Pack" = £1,995 + VAT "Style Pack" = £2,150 + VAT "Urban Pack" = £2,250 +VAT He mentions that apartments in the city center usually go for 150-200gbp more per month after being furnished. This would essentially mean after 1 year it wo
  22. Hi All, I am facing a situation and I am not sure what to do. I have had some great tenants in my property for the last five years. They are a couple with a little girl of 4 who has just started school in the areas. They have recently informed me that they are splitting up. The guy is leaving the property and renting somewhere else close by. The woman wants to stay in the property. She has recently asked for a meeting to discuss the situation. She wants to discuss a new contract but she has suggested that she will have to apply for benefits as she may not be able to afford the whol
  23. Good morning all! I've come here hoping to get a bit of advice as a newbie to property investment but first need to tie up my own situation, so I'll jump right in. In 2014 I purchased our first home (a cottage) 2 bedroom. In 2015 my wife and I found out we were having a baby. Towards end of pregnancy we moved in with parents as wife needed extra help while I worked away at sea. We rented our property out. 2016 baby is born, I decided I need to progress my career and saved for further education within my field. I saved and passed all exams. 2017 2n
  24. Hi all, I'm looking for some advice on what to do with my shared ownership headache. I bought a 50% shared ownership flat from a housing association in 2005 for £45,000 and, after being in negative equity for years, it now has £20,000 left on the mortgage and is valued at approximately £35,000 for 50%. I moved out of the flat about 18 months ago and bought a house with a family member. I have just finished refurbishing the flat with the intention of renting it out. I have been running through some figures but it doesn't seem as rosy as I thought it might. At the moment
×
×
  • Create New...