I let my 2 bed property to a single tenant. She wanted to take in a lodger in order to help her to afford the bills. I agreed and helped her to find a suitable lodger. My understanding is that the lodger has no rights to remain in the property if the tenant or myself... Read more
I have 2 existing tenants on an AST let in one of my properties. The tenancy runs on a 12 month contract basis and is due to end on February 6th 2015. The present tenants are currently 6 weeks behind in their rent and have written to me explaining some temporary money difficulties. However,... Read more
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Does anyone have any recommendations for any software to keep track of property and tenants. i.e. rents, gas checks, maintenance and all things to do with the management of the property. Thank you Nigel
I have just helped my brother to draft a Surrender of Tenancy Agreement, you can download a copy at the foot of this article, but the story behind it is an interesting one too. The property was purchased at auction a few years ago, it was an absolute bargain but it’s 250 miles away from... Read more
Tenants budgets feel the pinch in their accommodation costs as rents are rising faster than incomes. Affordable accommodation in the private rental sector is becoming ever more scarce, according to new data from flat and house share website SpareRoom.co.uk, which compares the maximum tenants can afford to spend on accommodation to average room rents. UK... Read more
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With apartments starting at £59,999 Sovereign House is also offering assured NET rental returns of £5107 – £6390. Sovereign House is located in the centre of Sheffield within walking distance of both The University of Sheffield and Sheffield Hallam. The central location caters to all students who want to live in the heart of this... Read more
My tenant left an unpaid utility bill, the utility account was never in her name but the partner who always paid the bill until he left her. She then left about 3 weeks later by informing me but left the key in my post box (I live next door) when I was not at home,... Read more
My letting agents **name removed by moderator** have just admitted to me that they deduct 12.5% commission from contractors invoices for repairs that they arrange on my behalf. This came to light as I was questioning why the quotes they get are always much higher than if I arrange the work myself. They claim that... Read more
A previous tenant left three months into the fixed term six month AST. No notice was given other than a cursory phone call and some texts asking what would happen with their deposit. In good faith I refunded half of the deposit. It seemed pointless to pursue them for outstanding rent and I actually felt... Read more
I am currently in the process of emigrating to Australia (2-3 months until D-day). Rather than sell up, I would like to rent my current property out, just in case things don’t work out and I decide to come back in a couple of years. I have approximately 80% LTV and am currently paying the... Read more
I have created this property management checklist to document the tasks you will already be doing if you are managing your buy to let properties effectively:- Visiting your property, taking particulars and floor plans. Setting up a system to store your documentation securely, preferably online so that it can be accessed at any time wherever... Read more