kanrent
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Posts posted by kanrent
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On 3/17/2023 at 4:01 PM, Grampa said:
The trouble with insurance you never know how good it is until you try to make a claim or if a tenant tries to make a claim against you.
The one expirenace I had with rent guarentee insurance was mixed. Yes they paid up however to comply with the policy I had to inform the insurance every month within a tight timeframe of a coupleish days of when the rent was overdue, fill out a form and provide a rent schedule and details of any contact with the tenant.
I got the impression failing to do this within the timeframe would be used as an excuse not to pay up.
That is all well and good but we all know you can sometimes give a couple of days grace to pay the rent late when in comunication with a tenant.
One of my ex tenants was a loss adjuster for an insurance company, he told me his job was to find a way to weasel out of paying the claim.
Later turned out he was very good at weasling out of paying the rent.
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So supposing I can't get to a c what do I do with the tenant, I'm breaking the law if the tenant is still there
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If I can't afford to upgrade my epc in 2025 or 2028 for existing tendencies would this be grounds for eviction
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My rental property insurance is due soon
Has anyone got any advice on what the cover should include
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Do high street banks pay council tax?
Do banks pay council tax on empty properties that have been repossessed?
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12 hours ago, Richlist said:
.......and as far as strikes are concerned.....
I have lots of sympathy for all the strikers.....post, rail, fireman, NHS etc.....but the country CAN'T afford to give you the pay rise you want. They could raise taxes to give you a pay rise BUT......everyone else is already being squeezed and doesn't have the money to pay for your pay rise.
Yes true we all have to pull together and make sacrifices to try and mitigate the mess the government has made of the economy
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Just thinking if these large build to let corporation force the smaller buy to let out of business there will be a lot of properties on the market hence the property prices will go down, as far as I'm aware they are building apartment type properties which will replace the existing terrace and semi type properties
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I'm just wondering whether the build to rent by the large corporations will have an effect on house prices within the the 10 years or so
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I'm wondering if I can install solar panels to the rear roof of my property not listed but in a conservation area
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The country is vastly over regulated
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Council tax is going up more money for the greedy wastful councilors
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I thought brexit was supposed to stop all that, rule Britaina taking back control all that sort of thing.
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I won't invest now due to the tory, Labour, and media, hatred and demonising of landlords anything could happen. Just wait and see what happens.
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On 9/21/2022 at 11:57 PM, Richlist said:
This is how it works :-
* The tenant pays an increased rent if their energy costs are inclusive.
* The landlord pays the energy bill and that expense is reimbursed by them receiving increased rent payments from the tenant.
* Therefore the Gov't £400 energy payment has to be passed to the tenant(s) who are ultimately paying the cost of their energy.
Simples.
Can anyone explain why 13% of private accommodation is arranged in this way ?
How very complicated
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On 9/21/2022 at 11:26 PM, Richlist said:
Ok thanks for providing the link.
I'm surprised that as many as 13% (585,000) of all private rented properties have energy costs included in the rent .......why ? whatever is the advantage ? I dont get it !
I assume that the rent charged for a property that includes energy costs is higher than a property without energy costs. I assume a landlord would set the rent for this type of property not just higher but higher + a safety margin as they cannot accurately predict how much energy their tenant will use. As the tenant is paying for their energy thru increased rent I see that it is fair for the tenant to receive the benefit and not the landlord. But of course any landlord who finds him or herself out of pocket will just raise the rent at their next opportunity. This seems like an overly complicated way to let a property.
It's absolutely ridiculous they could run up a massive bill, never heard of this before
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This regulation comes into force on the 1st of October 2022.
Can anyone tell me if this applies to existing tenancies, or new tenancies after that date
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10 hours ago, Carryon Regardless said:
Nice thinking.
It would make the bringing of such properties up to standard easier. After all it looks like we'll never be able to re possess.
Does anyone see a point to the RLA these days?
They don't seem to do a lot
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2 hours ago, Richlist said:
I'm finding that there are more & more people pleading poverty when in fact their problem is mismanagement of their finances. Much of their expenditure goes on unnecessary items which leave them short of money in other areas. The media are equally at fault, continually raising the issue of affordability without looking at individual expenditure and management of their finances.
So many people seem incapable of prioritising correctly it almost needs to be one of the attributes landlords should be looking for when selecting suitable tenants.
I was in my local newsagents a few days ago and a guy in the queue in front of me was buying a tin of tobacco for £25. Yes, I know, incredible, I don't smoke so had no idea that's what a tin of 'roll your own' costs. He was also surprised but then said ......oh well I'll take the tin of tobacco and give me 10 lottery tickets to go with it, the rent will have to wait !
Don't expect any sympathy from the media, remember they are working for the government who in turn wants an end to the PRS to make way for corporate landlords
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8 hours ago, Grampa said:
Its the program they use to enter the information into. So I guess if there isnt an option for it, it cant be accounted for. However, I was told the programs algorithms' were updated a few years ago which meant (so i was told by an assessor) that an EPC calculated on the old program would now likely to score higher (better) on the new program.
Sounds promising maybe they can update it some more haha
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4 hours ago, bil8999 said:
Some years back we installed a lowered false ceiling to a ground floor flat, insulated above ceiling, insulation between floor, then sound proof the floor.
Assessor could not allow for the insulation, as not on her system.
What system
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2 hours ago, Grampa said:
If you are considering this on the basis of a EPC report and the suggestions added within the report I would suggest you do your own assessment of the property first as the reports in my experience dont list all the optional changes you can make to achieve the require rating.
I would establish how many points you require to reach a C rating which is 69. a D starts at 55 so the most you would need is 14 points and its surprising how easy it can to get these extra points by doing a number of minor/cheapish improvements.
The below point gains are estimates as all houses vary.
LED bulbs 1-3 points
TRV Radiator valves 2-4 points
Draft Excluder on any wooden front/rear doors 1-2 point
Double glazing 5-12 points. Triple glazing can get you a couple more points and can also sometimes be swapped and you keep your current frames.
Loft insulation 7-13 points 300mm thickness gives the max allowance. A top-up to 300mm 1-3 extra points
Condensing Boiler 5-20 points depending on current boiler.
Heating Programmer 1-2 points
Intelligent Thermostat 1-2 points
Room Thermostat 1-2 points
Water tank Jacket 1-3 points Cavity wall insulation 4-10 points
This is just some of the ways to squeeze extra points but it also depends on the assessor as 2 assessor can give differant results.
Also the assessor needs access to meter cupboards and if for example he cant see for himself there is a duel tarif off peak meter you wont get the points for it. The same goes for cavity wall insulation they will need to see proof of it and like wise for any flat roof with built in insulation.
The cavity wall insulation was put in when it was built, built according to the building regulations at the time and checked by the building inspector will they still need proof?
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7 hours ago, Richlist said:
I have solar panels on my own place.....Richlist Castle ......but have no idea what affect it has on an epc.
I suspect, in the the current energy crisis, that having solar panels on any rental property might provide an opportunity for a rent increase and certainly if it were empty then prospective tenants would be queuing up to take the tenancy.
Do you store it in a battery or sell back to the grid rl
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Hi I have a property that just makes an EPC of D
If I install solar panels 4kw at a cost of about £5000 with hardly any distribution to the tenant i can get it up to just inside a C. Just interested if anyone here has had solar panels fitted to upgrade their EPC
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6 hours ago, Melboy said:
CO Alarm is probably more important than a smoke alarm in the bedroom. Where are the new regulations, where did you see them?
Yea I mean a CO alarm forgot to call it that will I now need to install another in the bedroom where the gas boiler is
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