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Tenancy Inspections

By Nicholas Stott | May 9, 2013 | Comments Off on Tenancy Inspections

No-one enjoys Tenancy Inspections. The Letting Agent has to: – make (and often rearrange) appointments, and sometimes out of office hours as a courtesy to the Tenant – give what may sound like patronising advice to Tenants on simple domestic tasks such as drying washing outside to avoid condensation – provide reports to both Tenant…

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Access All Areas

By Nicholas Stott | Apr 24, 2013 | Comments Off on Access All Areas

So, you need access to your property to find a new Tenant or do a gas safety certificate. But what if your Tenant doesn’t want to let you do a viewing before they move out, or is happy not to have a new safety certificate? There’s no excuse for a Tenant not allowing you to…

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Fixing A Hole Where The Rain Gets In

By Nicholas Stott | Apr 22, 2013 | Comments Off on Fixing A Hole Where The Rain Gets In

As a Landlord, maintaining your property is the biggest headache you’ll face. Outstanding repairs are like runaway snowballs: they’ll only get larger and cause more damage, costing you more in the long run. I’ve learnt to arrange to have repairs fixed immediately these days. Penny-pinching over every little thing costs time and energy. Rather than…

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NALS – “No Agent Loves Sarcasm”

By Nicholas Stott | Nov 21, 2012 | Comments Off on NALS – “No Agent Loves Sarcasm”

Why does the general public have such a poor perception of agents? Is it because they are often image-conscious, relatively young, and not recognisably qualified? Anyone who has tried to buy, sell, rent, or let a property in the UK has a negative story to tell about an Estate or Letting Agent, and with minimal…

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Excuses, excuses…

By Nicholas Stott | Nov 21, 2012 | Comments Off on Excuses, excuses…

I’m hoping to buy a property above a shop, and so called one of my existing mortgage providers to begin an application. They asked what the opening hours are for the shop that the property sits atop, which are 7:00am – 10:00pm every day. The previously bubbly operative then said she’d have to check with…

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What’s wrong with renting?

By Nicholas Stott | Nov 21, 2012 | Comments Off on What’s wrong with renting?

Why is the ratio of renters to owners always under scrutiny? I don’t understand why the Government and the media are obsessed with getting everyone to own their own home. I’m not just saying this because I want there to be more tenants around to rent my houses. I’m not so egotistic or naïve to…

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How To Value A Property Investment At A Glance

By Nicholas Stott | Nov 21, 2012 | Comments Off on How To Value A Property Investment At A Glance

This is by no means all the research you have to do if you want to follow Richard Branson’s mantra of “Protect the downside”, however, this is an easy way of coming up with a shortlist to review later and ensure you don’t miss out on any diamonds in the rough. Every property investment is…

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Are Letting Agents the New Estate Agents?

By Nicholas Stott | Nov 21, 2012 | Comments Off on Are Letting Agents the New Estate Agents?

Just found this post on the superb on the www.landlordzone.co.uk website (@LandlordZONE), in response to a scathing generalisation of Letting Agents (LA). The image is from www.propertyinvestmentproject.co.uk, another great site with a refreshingly blunt author (@The_Landlord). It seems to me that LA can become easy scapegoat. The general rules are. a) Bad tenants are always…

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What would you rather have: a car or a house?

By Nicholas Stott | Nov 21, 2012 | Comments Off on What would you rather have: a car or a house?

Can’t afford a place to live? Think again! How about this 1 bedroom flat for £8,500? That’d buy you an entry-level Ford Ka, 1 litre. Even if it needed a full rip-out, you couldn’t spend more than £20,000 – a fully refurbished apartment for under £30,000! The rent on a 1 bedroom flat in that…

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Charging rent: higher or lower?

By Nicholas Stott | Nov 21, 2012 | Comments Off on Charging rent: higher or lower?

Setting your rental asking price Do you set your rent higher than the local market average/nearest competitors to try and attract more discerning, respectful tenants? Or do you go for ‘value-for-money’ to occupy the property immediately and get your rent sooner? There’s a lot to be said for each argument, but which is the best…

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