bil8999

11 hours ago, Richlist said:

Surely you are not suggesting that because you had one bad experience letting to an accountant that the rest of us should be extra careful, are you ?

In my opinion there are far to many variables socially, economically and geographically to advise anybody on their choice of tenant or method of risk management.

 

No, be careful, whether professional or not, my choices are made from experience over the years. 

10 hours ago, Richlist said:

I think it does depend on the type of tenant you let to.

There is a lot of difference between letting to a professional e.g. teacher, doctor, engineer etc and letting to someone on lower income or on benefits. There is not a simple one stop answer that covers all tenancies.

The worst tenant by far that i let a property to some years ago was a professional accountant, there are a lot of non professionals out there earning more and happy to pay the rental agreed.

I have had rental properties now for 40 years, never had rent guarantee, not saying its a bad thing, just not for me.

I have in excess of 40 tenants, all good, no problems with any of them, all pay on time, look after the property.

Not sure of cost of insurance, bet its not cheap.

May be better to use that cost towards legal costs built into insurance policy.

I now wish all my properties (41) were in my LTD 

Im with Rishlist on this, give the discount get the money

Don't talk about Bulb to me, 

Scottish power are really bad

Sell, then spend the money on your interests, women, wine and music

hi, 10 of my rentals have now been tested and brought up to required standard, £100 for test plus we complete any works if required , thankfully not much needed.

We all know as landlords that tenants only take what they want to take when they move out, leaving us to dispose of there unwanted items.

Lets not kid ourselves, yes there are people in our society that need help, generally speaking tenants are clued up, in all of my years as a landlord, i have met some really nice tenants, but now and again you get the one who thinks the world owes them something, this girl in particular was nice, it was when the boyfriend was out of prison he would get her hooked on drugs, we helped her get sorted on a couple of occasions, but on the last occasion she simply disappeared, so in my opinion she had abandoned the property, after several months she turned up to see if her flat was still available, since heard that the boyfriend had od on drugs, lets hope that she gets sorted and goes on to live a normal and happy life.

so richlist, how long would you allow a tenant to not pay rent, not make contact, and leave all her belongings in one of your properties, before you come to the conclusion that she has abandoned the property.

21 hours ago, Richlist said:

 

Surely she had left the bulk of her belongings and that would have indicated that she had not abandoned the property ?

 

Yes all her belongings were in the flat, but the fact remains that she stopped paying rent, made no effort to contact us, had not been seen at the flat in months, so in my opinion she had abandoned the flat, the fact that she choose to leave her belongings was her choice.

Hi

We had this year for the first time a tenant abandon a flat, we changed the lock, put notice on the door, waited a month, decided to do a complete refurb, took approx 4 weeks, just finished then she turned up asking where all her stuff had gone and wanted to move back into the flat, said due to covid she had been living with her mum, so, no contact for months, no rent, and she just expects to walk into a refurbished flat, the law needs to change, its to easy for these people to abuse the system and property then move on.

We built a place in Spain some 12 years ago, never thought id say this, but if Corbyn gets in, it may be time to sell up and move out there, I have always said that the UK is the best country in the world, maybe not so much now.  

On 6/16/2019 at 7:33 AM, Melboy said:

If, in the unlikely event an extreme left wing Corbyn government were to be in government and to implement the above in their manifesto it would lead to a mass housing shortage and homeless families which would increase the burden onto the state.

What if he was to compulsory purchase second homes, where needed, at his price?, no shortage then