Setup a direct debit for electronic transfer of payments to the landlords bank account.
Resolve any rent issues which may arise during the course of the lease period.
Administrate a section 21 notice to the tenants in the event of a default in rent.
All our tradesmen are fully qualified and insured to carry out maintenance on your property.
All repairs will be carried out speedily and efficiently by our professional maintenance team.
We provide 24/7 emergency contact number to tenants preventing further damage to the property in the event of an emergency.
We act as the first point of contact on rent and property management issues.
Our mediation service with tenants helps in the event of a dispute arising with in the property.
Prompt action on all issues raised by tenants during the tenancy on rent and property issues.
Rental Property Accounts- Letting Agents Services
Preparing end of year tax returns statements and invoices to keep your tax affairs up to date.
Providing online access to our management clients to view and download monthly statements
Preparation of monthly landlord financial statements and remitting the balance of rental payments within one week of due date.
Our comprehensive letting only service is structured to provide landlords with the means to manage their own property safe in the knowledge that all tenants have been fully vetted and the correct legal paperwork for both the tenant and any guarantor secured.
Our Property management service means hands free for you! We deal with everything, from leaking taps to ensuring you are fully compliant with all current legislation. We act as your trusted advisor and as our owner has managed his own large portfolio for over 6 years, we will pass on every single ounce of knowledge to help you SAVE MONEY.
Potential2Lettings promise to be the most cost effective letting agency in Liverpool while offering our landlords and unrivaled letting and property management service.
Our letting fees include Property Advertising, Viewings, Tenants Referencing, Utilities, Legal and Payments setup.
Our property management fees include Rent management, Property inspections, Inventory, Maintenance & repairs, First point of contact and Managing accounts.
Our team are very passionate about property and customer satisfaction is our main priority, we believe we have the most ambitious, proactive Lettings and Property management team in the business. We have implemented the latest technology which allows landlords and tenants to leave reviews via Google reviews or Twitter thus providing transparency for all.
We want to provide the best quality service to our clients and believe that the best way to grow our business is through referrals and recommendations. Check out our recent testimonials and see for yourself.
Contact us at us on +44 151 356 7551 for a free rent appraisal on your property. A member
of our team is waiting to take your call.
To get in contact by email please send an email to email@example.com. A member of staff will reply to your query within 24 hours
Potential2Lettings opening hours are Monday - Friday 9.00 am - 5.00 pm. We conduct after hours viewings on Saturday which are appointment only.
Rental Property Investment In Liverpool
Why buy Investment Property in Ellesmere Port
Whether you are an experienced landlord or just starting out on your property journey, you should to look to buy investment property in Ellesmere Port. I’m going to talk about why in this article.
Under Investment in Ellesmere Port
Property Prices and Yields in Ellesmere Port
These are very attractive, there is plenty of cheap property in Ellesmere Port for you to invest in. You can buy little terraced properties for rental, both before and after the Westminster bridge for between 50 and 70k, depending on how much work they need.
Obviously you wouldn’t be expecting to buy investment property in Ellesmere port or any other area without at least a small paint job J However, a cheap property doesn’t necessarily need a great deal of money spending on it.
What are you waiting for? Still not sure where to start? Got more questions? Why not get in contact with a local expert letting agent. We are always happy to answer any questions on why you should buy investment property in Ellesmere Port.
Thanks for reading.
Safe and Reliable Property Management in Liverpool
The success of your rental business depends on choosing the right lettings agency. There are many property rental agencies in Liverpool but they are certainly not all the same when it comes to quality of service. If you are a landlord looking for the best management of rental properties in Liverpool then look no further than Potential2Lettings.
I can name many other Liverpool property rental agencies that are just interested in earning a quick buck and will set you up with the first tenant that comes along. We (at Potential2 Lettings) are dedicated to finding the right (and long term) tenant for you. Before anything is finalised tenants will be thoroughly vetted with a fine tooth comb. This gives you the best possible chance of having a reliable, trustworthy tenant living in your property.
When it comes to the management of your rental properties in Liverpool we excel here as well! Over the last 10 years, whilst growing their extensive multi million pound portfolio, we have found the best contractors to work with. This means if any work needs doing on your property a trusted contractor will be called out to do any repairs. You can also contact us 24 hours a day on an emergency number when any damage occurs.
Another important item to consider when trying to find good property management in Liverpool is the way they deal with DSS payments. A DSS tenant will be someone claiming some sort of benefit such as unemployment benefit or income support. These tenants will have their rent paid by the local authority . Some Liverpool property management companies wait for the money to go straight to the tenant so that they can then pay the rent....the obvious big danger here is that the tenant doesn't pay the rent!
Don't get me wrong many DSS tenants are trustworthy and make regular payments however there are some that will squander rent money which leaves YOU (the landlord) out of pocket. The difference between these other rental agencies in Liverpool and Potential2Lettings is that we have a dedicated DSS team. This team works to get the money paid directly to the landlord; so no more missed payments!
Landlords also often complain (rightly so usually) about how little their property is inspected....Potential 2 Lettings take inspections seriously. We carry out thorough inspections, crucially we carry out the 1st inspection after the new tenant has been in the property 2 months. Landlords are also provided with a comprehensive inventory of furniture and fittings. This dedication to keeping your property in top condition is just one of the things that set us apart from some of the other companies dealing with property management in Liverpool.
A landlord wants a company that will not only find the appropriate tenants but be there for you when you need them, your trusted advisor at all times. For a top quality Liverpool property management service, the only place to go is Potential 2 Lettings.
Thanks for reading.
P.S There are no additional charges when you use our services, we don't charge hidden fees, you get our full property management in Liverpool for a one of fee per month!
South Liverpool Investment Property
As I have mentioned previously mentioned in other articles, Liverpool is a vast city and like many other vast cities you can broadly describe it has having a north/south divide and this is especially true when it comes to property.
Liverpool is increasingly hitting the headlines as a hot spot to invest. But this doesn’t really help you the investor. You need to know where to focus your attention but without local knowledge this is literally like trying to find a needle in haystack!!
This article is about investing in property in the South of the city. Each investor has different requirements and investing in Liverpool south will not be right for every investor at this point in their journey but it will be for some.
What’s South Liverpool like?
Firstly, let’s make some observations about Liverpool south. When we talk about Liverpool south we are talking about the following postcodes, in most affluent order.
L18, L17, L19, L15, L8,L7
It’s a very popular location in which to live and work. It has arguably the best green areas in the city, of note are Sefton park, Princes park and Otterspool Prom.
Equally it has some the best places in which to eat and drink....Lark Lane is probably the most famous example of this. On top of which the journey to the city centre is less than 10 minutes in taxi and 30 minutes by bus.
In short people really want to live here. Inevitably because of the above prices tend to be higher, so it’s not affordable for everybody. The crude end result being you tend to get a lot more professionals living in this location.
What about property prices is South Liverpool?
Looking at Proviso statistics for the period Jan 2012 to Dec 2012, the average price of a terraced property in L17 was £141,760 where as in L20 it was £69,500. In terms of rents these are probably £700 (L17) and £450 (L20).
As an investor you will need as a rule a 25% deposit to get started. In reality to consider investing in prime South Liverpool investment property you will need circa £35,000. This may rule some of you out, but of course you can still invest in other parts of Liverpool, which we would still be happy to help you with as we cover a wide area.
Of course if you fall into the category of having £35,000 available, you may wish to consider buying two properties in the North of the city as opposed to one in the South. After all your returns are going to be greater on this basis arn’t they?
The short answer is it depends.....although it’s true that south Liverpool letting agents fees are similar to those in the North, you need to consider other factors.
When you rent a property in Liverpool South, you tend to have better protection in terms of deposits and guarantors and shorter void periods...so your risks are less when you invest in South Liverpool investment property.
Also your tenant profile is likely to be lot different in South Liverpool, for instance it’s less likely they will be in receipt of housing benefit, so if you don’t want a housing benefit tenant, this is your best bet.
Clearly then when deciding to invest ie North or South, it’s important to consider your attitude to risk, as well as your investment goals.
On a personal basis I am starting to invest more in South of the city now for some of the reasons listed above.
As an investor who has bought a property and who doesn’t want to manage the property themselves, the next stage is to find a local letting agent, so you will now need to find south Liverpool letting agents.
South Liverpool letting agents, what are their prices and fees? And how can you select one?
There are lots of agents in South Liverpool, and their fees are very similar, however the value they offer is very different.
Find yourself an agency owned by a full time landlord (hyperlink), someone you can go to with whatever property problem or investment problem you might have....AND WILL KNOW THE ANSWER. It’s difficult to put a value on such things.
I’m always here to help you on your property journey.
Jon Bieri Potential2Lettings, Call me any time on 0151 356 7551.
Cheap Investment Property Liverpool
We all love a bargain, don’t we! After all the cheaper something is, the better value, surely?! Well no it’s not quite that simple.
There is plenty of cheap investment property in Liverpool, I guess though I should also clarify what I mean by cheap investment property.
It’s fair to say that when I say cheap investment property I mean low value, poorer quality, property that comes with more headaches and problems. In terms of numbers we are talking about cheap Liverpool investment property that is valued under 100K and can even be as cheap as £40,000.
I’m not saying don’t invest in these areas, but I do want to highlight some of the big risks you will face when investing in cheap investment property Liverpool.
What areas (postcodes) are we talking about?
Generally we are talking about property in the following postcodes L4,L6,L20,L21,L5,L9,L11. Some parts of L7 will fall into this category as well, although there are lots of lots of good potential in this area, in terms of investing in student property.
How easy is it to rent property in these postcodes?
Ok so you have bought your cheap investment property in Liverpool and are now ready to put a tenant into the property. This is where is can get tricky. Depending on where you are on your property journey, this may or may not come as a surprise……. You will struggle to get the 1st months rent and a good size deposit from tenants in these locations. So long as you know what to look for however you can still do well.
This is simply because these are poorer areas ie people have fewer jobs and the jobs are generally lower paid. So if you hold out for a big deposit and 1st months rent, you may have an empty property for a long time….empty properties come with big risks.
What about if I use a letting agent in Liverpool to manage my property?
Unfortunately this doesn’t guarantee that you will rent your property quickly. If the letting agent you decide to use is also determined to get the 1st months rent and a large deposit, you will still be in the same position.
You need an agency that understands the market you operate in. I have been investing in these areas for 10 years, I understand the risks and know how to manage the risk.
If you have a bought a property in these areas and are struggling, I will help you. Equally if you are looking at buying cheap investment property in Liverpool I will also help you. You could say cheap investment property Liverpool has been what my business has been built on!
Big Capital appreciation ahead for Liverpool
If you make mistakes early on by buying cheap investment property in Liverpool, it may put you off the idea of ever doing it again. That would be a real shame, as I feel Liverpool has massive scope for capital appreciation over the next 10-20 years.
However cheap Liverpool investment property must be managed correctly for you to get the most from this massive capital appreciation which is surely long overdue to Liverpool. I have also produced a article on the Insight into the Liverpool Property Market which will help you get started.
I’m always here to help you.
Jon Bieri, Potential2Lettings 0151 356 7551
Liverpool Property Rental Agencies
The success of your rental business depends on choosing the right lettings agency. There are many Liverpool property rental agencies but they are certainly not all the same when it comes to quality of service. If you are a landlord looking for the best management of rental properties in Liverpool then check out Potential 2 Lettings.
Some other Liverpool property rental agencies are just interested in earning a quick buck and will set you up with the first tenant that comes along. Potential 2 Lettings offers a letting only service concentrating on finding the right tenant for you. Before anything is finalised tenants will be thoroughly vetted. This gives you the best possible chance of having a reliable, trustworthy tenant inhabiting your property. They also ensure that all sides have the correct paperwork and will provide landlords with copies of all documents.
Real Experience....You're in Safe Hands
When it comes to the management of your rental properties in Liverpool Potential 2 Lettings excels here as well. Over the years, whilst growing their extensive portfolio, they have found the best contractors to work with. This means if any work needs doing on your property a trusted contractor will be called out to do any repairs. You can also contact them 24 hours a day on an emergency number when any damage occurs.
Another thing to consider when trying to find a property management company in Liverpool is the way they deal with DSS payments. A DSS tenant will be someone claiming some sort of benefit such as unemployment benefit or income support. These people will have their rent paid by Social Security. Some Liverpool property management companies wait for the money to go straight to the tenant so that they can then pay the rent. However, this means relying on the tenant to then use that money for the correct purposes.
Although many DSS tenants are trustworthy and make regular payments there are some that will squander rent money which leaves the landlord out of pocket. The difference between these other Liverpool property rental agencies and Potential 2 Lettings is that they have a dedicated DSS team. This team works to get the money paid directly to the landlord; so no more missed payments! Potential 2 Lettings tenants often rent properties for over 3 years so are a reliable source of income.
Instead of occasional inspections that consist of not much more than a cursory glance, Potential 2 Lettings take inspections seriously. They carry out thorough inspections ever quarter with detailed inspection reports going to the landlord at the end of the year. Landlords are also provided with a comprehensive inventory of furniture and fittings. This dedication to keeping your property in top condition is just one of the things that set them apart from some of the other companies dealing with property management in Liverpool.
A landlord wants a company that will not only find the appropriate tenants but be there for you when you need them. For a top quality Liverpool property management service, the only place to go is Potential 2 Lettings.
Thanks for reading, Jon Bieri
You can call me anytime you want to discuss your property requirements. 0151 356 7551
Here we have an info-graphic from Stoke Surveyors. They kindly allowed us to share this info-graphic that shows you a snapshot of the growth in the property market and puts the realisation into the prices. We hope you find this content useful, we did and it helped validate that investing in property is one of the best sources of income.
House prices are still on the rise and if you look back at property prices it has not taken long since the 2007 crash to break through that barrier. Could you imagine if every day groceries was really that expensive?
Landlords are very much on the government’s radar in terms of increasing the taxes (both direct and indirect) that they have to pay. Letting agents should not just be a rent collection service, we also need to be pro active when it comes to reducing the overall costs landlords face in regards to insurance on their portfolio
As I have owned a large portfolio of investment properties in and around Liverpool for the last 10 years or so, landlord insurance costs is an area I am very much familiar with, in this article I am going to show landlords ways in which they can reduce there premiums.
In this article I am primarily, focussed on landlords who own multiple properties, as the savings can very substantial the more properties you own and portfolio landlord insurance won’t be available to all, i.e. it will depend on the number of properties you own.
I have an excess of £500 on my properties, this is because I don’t make small claims, and this is because it takes time and effort making claims and can disrupt the re-letting of your property. You could increase this to a £1,000 perhaps. The point is…the excess can be changed.
Get your landlord portfolio insurance broker to play around with these figures and see what difference it makes to your insurance premium. Also if you regularly make smaller claims, think about the time and effort this takes and also the potential impact on your landlord insurance renewals costs. Is it worth it?
It’s an area I had not paid much attention to until recently. You know the term index linked? Well it seems short hand for being over protected, over insured and thus over paying for your landlord portfolio insurance!
Review all your rebuild costs, it is really going to cost that much to rebuild that house in that area. Remember who initially set these figures? Yes, the surveyor (the very risk adverse surveyor) who initially valued your property. Remember value and rebuild costs are too very different values!
If you rent to tenants on housing benefit, some company’s will either refuse to quote or hike up the premium, so shop around and find someone who is used to dealing with this sector so you can get effective rates for your portfolio.
Whatever you do, don’t lie and say you don’t rent to housing benefit tenants, when you actually know the insurance company specifically prohibits this tenant profile. And if you are unsure, double check, because if you ever come to make a claim this will invalidate your insurance.
Over the years I have substantially reduced my portfolio landlord insurance by using the above methods. If you want to discuss this further feel free to contact me, as I can put you in contact with my insurance broker.
To learn more about my insight into the Liverpool property market click the link to read the article. You may also be interested in my article for Rental property investment in Liverpool
Thanks for reading
Potential2Lettings, letting agents covering Liverpool, Ellesmere Port and Chester
We are constantly getting asked for houses in Ellesmere Port. The demand for houses in Ellesmere port is sky high. As both a private landlord and letting agents in Ellesmere Port, we have houses for rent in Ellesmere port. And you will be pleased to know, you don’t always need a massive deposit!
The Liverpool property market is a far cry from the catastrophic lows of the 1980’s. It is very much a property market on the up.
In the 1980’s people were leaving the city in droves, the city centre resembled a bomb site and Henry Enfield was famously mocking us with his ‘calm down’ sketches (google it if you are unsure of the image!).
Then something miraculous happened, we were given Objective One status from the EU. Since then over 2 Billion in funding has flowed in from this source.
This was the catalyst which has helped transform the Liverpool property market. I’m from Liverpool, so I have seen at the first hand this transformation.
A property market will rise or fall depending on how well the local economy performs, put simply the stronger the local economy the stronger the property market. The Liverpool property market is no different.
Once a city’s economy begins to ‘buzz’, as night follows day, the property market will also begin to buzz. What’s the evidence that the Liverpool economy is buzzing?
Do you have £70,000 to invest and want to quit your JOB? We have produced an info graphic explaining exactly how to invest £70,000 into property and retire from your JOB with just 4 properties. If you have any questions feel free to leave a comment at the bottom of this post.
Potential 2 Lettings is providing example figures in an ideal situation. Potential 2 Lettings does not accept any responsibility on actions taken. Anything gained from this infographic is to be used at your own risk. Potential 2 Lettings is not a financial advisor and we recommend you discuss this with your appointed Financial advisor before taking any action.
Today we have an info-graphic from our friends over at the UK Insurance Net, We have shared this content with you because its relevant to see what is occurring in the market with first time buyers and the rise in private landlords. It's also interesting to see the growth property has had since last year. How does this compare with your own property investments.
As a landlord, you will have many safety regulations that you need to meet. But, being a landlord is more than just about ticking boxes.
Landlords take the health and safety of their tenants seriously – or the majority of reputable landlords do. But, the comfort of your tenants is just as important. Looking after the people who pay the rent is one thing but the bricks and mortar is an important asset too. If the fabric of the building is allowed to crumble and crumble, you are in effect, allowing your investment to dwindle away. Dwindwling assests = dwindwling money= less money for your retirment.
There are many things that you can do to invest in your property, as well as look after you tenants. Providing them with a reliable source of heat is just one of them and so, opting for both a modern boiler and regular servicing from engineers such as Evans Energy Solutions is one of them.
If you think cutting corners is the right way to increase profits on your rental property, think again. Investing in your property is key to increasing your profits. This investment should be a constant activity, however when every tenant leaves you or your letting agent needs to undertake a full review of the property to ensure it's 'hitting the mark'.
Our research shows this will ensure:
In March 2017, a report from the NLA found that 37% of landlords had experienced arrears in the previous 12 months and 31% had property damaged. Does this mean tenants are worse than they used to be?
I don't personally think tenants are any worse than in the past, so what accounts for the 'high' figures?
This is a very wide category. Rather than being malicious or serious this damage could be accidental and very small scale. It could also be that over recent years we have seen more accidential landlords who may quite frankly misundertstand what accounts for property damage and what is actually 'fair wear and tear'.
Again this is a large category. However what I would say is, economic conditions have been very strained over the last five years. I know 1st hand this has had an impact on tenants' ability to pay rent.
Active Property Management
There is no magic wand to remedy the above occuring. Just like tax and death they are rather unavoidable. The solution is see problems early and take action early. Thise means you need to see the warning signs, the amber light if you will. By the time you see red, it's far too late!!
If a problem happens manage is correctly. Is it part of a bigger problem? Do I need to take some action Now? Do I need to get some advice Now?
In law you as a landlord have to follow certain procedures and guidelines to ensure you are always being fully compliant in the eyes of the law. This means if you wish to obtain possession of your property, you have issue the correct information in the correct format.
Equally, if a tenant wishes to bring a tenancy to an end. They too should follow certain procedures.
At the end of a tenancy, a tenancy 'goes periodic,' that's obviously if the tenant stays in occupation....they can if they wish leave on the last day of the fixed term without giving you any warning you! When a tenancy goes periodic, it means the tenancy will run from month to month or week to week or whatever time period you specified rent to be paid at the start.
Correct notice period required
Most tenancy agreements will stipulate that the tenant should give you notice ending at the end of a rent period. If your rent is paid per calendar month this means they should give you one full calendar months notice and that it should begin and end in line with when rent contractually falls due.
If you have a tenant and their tenancy started on 15/04/2018 who rings you up on 01/05/2018 wanting to leave at the end of the month, who should politely remind them that their notice can be accepted today but their contractual tenancy end date will not be until 14/06/2018.
If you agree to the tenant leaving early (ie agreeing to reduce their contractual liability), it also means that not only will you potentially lose rent, but also you will be liable for all utilities at the property from the date you agree to the tenancy surrender (tenancy surrender is when you allow a tenant to leave early without further liability).
Sometimes a tenant will either:
a) Give notice, but still leave the property before the end of their notice or
b) Will just leave the property without any notice whatsoever
And guess what, the council may still try and charge you council tax from the date they vacated the property. In this situation it is very important you have a term in your contract stipulating that your tenancy agreement has become a 'contractual periodic tenancy' and not just a 'statutory periodic tenancy.' Using the exact wording is very important is such contestations with the Local Authorties.
As a landlord don't sell yourself short and use whatever tools you can to increase your rental income, the next property repair bill is never far away!
Thanks for reading.
EPC ratings, who cares? So long as you have one, no one really cares do they?
Well on 01/04/2018 the law changed and it became illegal for anyone to rent a property with an EPC rating of E or lower. The knock on consequences will be that if you want to take a mortgage on a property or refinance an existing one, you will have to meet the above criteria.
Of course, most properties NOWADAYS will be an E or above but there are two important factors to bear in mind.
1) You may have had an EPC done many years ago and subsequently upgraded a property, however the existing EPC will still be a low rating. In fact your property could now be the best property on the block but with an old EPC rating you may not be able to refinance! For the record an EPC needs to be done at least every 10 years.
2) Mistakes happen. Sometimes EPC assessors take measurements down incorrectly (ie the square footage of the building) and this can one way or another affect your rating. So perhaps your property should be an E, but a mistake in calculations have caused it to be an F
3) There are lots of economical ways to increase your EPC ratings. For instance fitting loft insulation can have a good impact and even fitting LED lights will give some extra points.
In short it's worth checking all of your properties to see what their current rating is. And of course, it's been law since 01/10/2008 that a tenant should be given a copy of the EPC.
P.S If you are not sure where your EPC is located, you can check the central register here.... www.epcregister.com
This is a term you hear lots of those in the corporate (big players) world speak of. Could they really be talking about your little two up two on Acacia street???
Well, yes they are actually. You have an assest and you need that asset properly managed. However you should not confuse property management and asset management, although familiar they are not the same.You need your lettings agency to be very good at both.
You will know what good property management is, or certainly what bad property management is! In essence it's making sure you have a good tenant who looks after your property and pays the rent on time. Whilst at the same time, keeping abreast of the countless laws and peices of legislation you have to comply with as landlord. There are literally hundered of matters we as agency have to attend to, for instance simply moving a tenant into a property, we have to: Check the applicant has a'right to rent/reside here, provide relevant tenancy deposit information and then register deposit, provide a copy of a valid gas safety certificate, provide a copy of EPC certificate, provide a copy of the latest version of the 'How To Rent' guide, ensure all utility providers/local authorities are notified of new tenant information, assess the properties for hazards and dangers and complete an inventory. This is just what we call the 'move in' stage, there are many other stages, so you get my drift!
This is different to the above in that sometimes you may need to sell a property. Timing the sale is important and making sure you are making the right decisions given your overall position. When I say position, this will take into effect your age, your other properties, your tax position. A good lettings agency, should have a degree of understanding of you and your position. To this extent, they act as advisors and as someone who if they don't know the answer from a fiscal or finance/accountancy point of view, they can at least point you in the right direction. This means giving you honest advice even when it's possibly against their own interests. A letting agents business is renting out property, so if you bring up the idea of selling, some letting agents may steer you away from this. And this is why I say it's vitally important you don't confuse the two terms.
Now you understand the two terms, work hard at finding a letting agents that is good at both, the relationship gained will be well worth the exercise!
Most landlords use mortgages to invest in property. And if you do use mortgages to invest in property, this article may well be of interest to you. The backdrop is that, the goverment announced in the Finance Act 2015 (section 24) that mortgage interest would no longer be a fully deductible expense from a tax perspective. This change was to be phased in, the full effects being felt from 2020.
Up until now, like other expenses, any mortgage interest you paid could be claimed as a legitimate expense and thus not taxable. However with this change in the law all higher rate tax payers will be pay more tax and also lots of individuals currently in the 20% tax bracket will also pay more tax.
Being pushed into higher tax brackets could also affect child tax credits and student loan repayments. Many households will need to do to some careful calculations to see how they will be affected. Many may no longer view the 'hassles' of property ownership worth the journey as other aspects of their life/tax affairs become directly affected by their property ownership.
This will no doubt reduce the number of accidental landlords and those who own only a small number of properties. Especially when you consider the number of other pieces of legislation/regulations landlords have to comply with. Unfortunately, many individuals who very sensibly decided to invest in property as a means of having something to fall back on when they retire, may now be forced to sell.
However, there are a number of courses of action a landlord may choose to take to try and reduce the effects on these changes. This list isn't exhaustive and it's always a good idea to try and network with other investors to see what strategies they are looking at.
This week we have had a couple of examples of why it pays to always act in a decent manner with whoever you are dealing with. When I say decent manner I mean doing the right thing and not necessarily the thing that might make you the most money in a short sited/short termist way.
A contractor who we had recently started to use, met me on site at a property to discuss a new job. We got into a long conversation, the main part of which was him discussing his frustation with a fellow letting agent as they were always paying him late. He said we were his best payers. I was happy with the compliment but even happier when he said he had recomended us to another landlady he worked for!
We started recently using another EPC consultant. When we initIally spoke on the phone, he gave me a price of £70 + Vat for an EPC. He seemed surprised when I without hesitatoion agreed to this price. Whilst this was more than we normally pay, I needed the job doing and quite frankly it wasn't as if I felt I was being ripped off.....obviously we always need to guard against individuals who charge too much and don't deliver!
Already we have built a good relationship and he has given me some really good advice. And guess what he has also recommended us to another client of his!!
Business is always that much easier when you work with other good professionals, professionals who understand the value in each other and will want in turn for each other to succeed!!