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Acura

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About Acura

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  1. They aren’t Mortitia. Don’t think I said they were, but apologies if I was misleading. We have requested we meet the tenants too before paperwork is signed. They should be paying a deposit today and hopefully we’ll meet them tonight or early next week.
  2. Thanks all. We’re going with a 12 month contract with a ‘right to renew’ clause subject to property inspections showing the house is in good shape and rent is paid on time. Bit of a risk they may not renew, but we all go through that. Also renewed NLA membership which officially means I’m out of LL retirement 😏
  3. Exactly my thoughts RL. Thank you. The mortgage company is happy with 3 years. It’s a Let to Buy mortgage so we can crack on with our house build. Grampa, the tenants.
  4. Has anyone agreed to a 3 year TA without a break clause? Further to my post a few weeks ago about not being able to sell our house we have found tenants who want to take the property at the asking rate for 3 years, more than likely longer. Would you sign an agreement for that long? There’s always the risk of not being able to evict, but so far they are checking out to be exemplary professional tenants. Also, I cancelled my NLA membership after being with them for years. With only one property being let now (sold the rest) is it prudent to join again IYO? Thanks for your advice!
  5. Acura

    EPCs

    Hello all Last December I needed 3 EPCs doing at the same time. My management agency wanted £85 per property. Being the frugal landlord that I am I shopped around and found a company that would do them for £45 as they were all close together. Passing on the info in case anyone else needs them doing reasonably priced EPC Online www.epconline.co.uk www.energyperformancecertificates.co.uk
  6. Someone just posted this on the Book of Face, plus it’s the DM usual warmongering, but what the heck? They really are out to get us, aren’t they 🤯 https://www.dailymail.co.uk/news/article-7417191/John-McDonnell-declare-war-buy-let-landlords-giving-tenants-chance-buy-property.html
  7. Should say the rental is OTM at £220k and I accepted an offer of £208,500 but he got refused finance so it fell through. In the States we sold our house in less than 2 weeks. Oh for it to be as simple here!
  8. Thanks RL The rental house in the town centre could well be of interest to investors. The I AM Sold outfit is an auction company and they’re suggesting a reserve of £205k with a starting bid of £190k to garner interest. We’ve looked at TrustPilot reviews and it seems sellers love the service, but buyers not so much due to the fees. Need to think about it a bit more. 2021/22 isn’t that far away, you’re right, which is my thinking too. However it fills me with dread if I’m honest letting again. It’s so different to when I started in 1987, as we all know, and I’m sick to the back teeth of agents. We’d definitely self-manage, but know it’s a huge hassle when we’d be 2.5/3 hours away busy with a self-build ... which is the whole reason for selling up. Gah. Where can we buy that crystal ball?!
  9. Me neither. Only recently changed a barrel in one rental as the key broke off in the old one. Property had been let since 1987 and this was the first time I changed the lock!!
  10. Hello guys Well, after hanging up my landlord hat after 32 years we are now considering putting it back on again Situation is this ... We lived overseas so put our own home and my rentals in hands of (the most incompetent) management agents. I used to self-manage so it was very frustrating dealing with agents who didn’t seem to know their arse from their elbow. One rental isn’t selling as parking is an issue. It’s town centre and competitively priced, but clearly it needs reducing. Or ... putting in the hands of IAM Sold. Has anyone dealt with them? The agent who is dealing with the sale is recommending them, so wondered if anyone has experience of ‘the modern method of selling’, as they put it. The other problem we have is our house isn’t selling either. Everyone LOVES the house, but location is the issue. There’s a main road out the front which is many times busier than when we bought in 2002. Also, new houses are being built around us faster than breeding rabbits, and if that wasn’t enough the fecking HS2 route is right behind too. Oh, and Brexit rearing it’s uncertain head again! We’re doomed! We have a couple of options, and one of them is to re-mortgage and rent it out again and wait for the houses to all be built, the road out front to be closed off (2021/22) making it an extremely quiet cul du sac, and maybe even wait until HS2 is up, but that could be 8-10 years down the road. Other option is to reduce the price again. We’ve already dropped twice, and had a reasonable response with such positive feedback. If we could pick our house up and move it we would have sold many times over. C’est la vie. We are getting quite depressed about it all. Our house has been on the market 11 months. We’ve changed agents to relaunch on Rightmove 4 times. The current agent is the best we’ve had and is really working hard, but we’re still here! Would you do everything you could to sell rather than let again? I’m even considering re-letting the town centre property as I’ve never had a problem renting it, just the selling of. Any advice?
  11. Acura

    Items in loft

    Thanks all. Well it’s clearly easy to take a lightweight set of ladders as the buyer did and informed us of the stuff up there. In fairness, it’s before we had chance to look ourselves. The agents are as useless as a chocolate ashtray and I’ve refused to pay their last management fees. They dropped the ball and didn’t do the inventory for a whole week after the tenant left. I’ve bollocked them, refused to pay, and putting in a complaint so they pay the cleaning bill for me to hand over to the buyer. I got the report at 7 pm on Saturday night after a huge effort of not standing down with ‘it will be done by Monday’. On Monday morning I was having my knee replaced, so not able to do the cleaning myself because of their cock-up. Useless shower of you know whats. They make my blood boil, and I can’t wait to be out of the business after 32 years. Annnyyyway, I’ll breathe now! Thanks for the advice. I don’t want to email the tenant directly because they didn’t pay the last month and half and I don’t want to get into that with her. Let the agents work for once.
  12. Hi guys I’ve just sold one of my tenanted properties and discovered a load of crap up in the loft. I don’t know if it’s from the tenants who have just vacated, or from years back. The inventory never covers the loft, so I have no claim on them to say it wasn’t reported before. Should I ditch it all, or ask the (totally ineffectual) management agents to let the previous tenants know so they can collect it? What’s the right thing to do? It’s clothes, curtains, some x-box stuff, DVDs and general junk. Thanks. PS. Why are my posts always centralized?! I’m using an iPhone. Is that why? Can’t change any formats.
  13. Acura

    Nit-picking!

    Exactly. And when we lived in the States it was a frustrating as hell to get invoices for ridiculous amounts for jobs that take 10 minutes. I’ve changed so many locks over the years, it maybe even took me less than that! One thing I will not miss are management agents. I even got a letter last week from one department telling me my tenant had defaulted ... after another department had issued a Section 21, and she moves out next week!! Ugh.
  14. Acura

    Nit-picking!

    Thanks RL. I didn’t intend it to be a trick question! However, it’s interesting to see others’ opinions on trivial matters, which can end up being less than trivial. My first thought was he should pay, but like you, I thought again. I bought the barrel and changed it myself yesterday, so all in all less than £10. Wish he’d done it himself, but hey ho. He’s been a tenant for 10 years and not defaulted once, so I can’t grumble. Incidentally, he moved out last weekend after I informed him of my intentions to sell my properties. He didn’t want the stress of viewers and waiting for a sale before getting a section 21, so he moved back in with family. I’ve cancelled my subscription with the NLA. It’s time to retire after 32 years!!
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