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Landlord Bank Account for Multiple Properties

Landlord Bank Account for Multiple Properties...

I have a separate bank account to receive rent and pay expenses for my property portfolio (80+ properties). Up until now my have just used a second current account with my bank. Everything has been fine...

11:31 AM, 11th November 2013, About 11 years ago |  4

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Choosing a property location

Choosing a property location...

My buy to let property portfolio is within three miles of my main residence but I would venture further out. My main concern is that I won’t know other areas as well.  In the past I’ve looked...

10:18 AM, 11th November 2013, About 11 years ago |  14

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HMO Question – are basins in bedrooms mandatory?

HMO Question – are basins in bedrooms mandatory?

Is it a legal requirement that every bedroom in a licensable HMO has to have a wash hand basin? I have been jumping through hoops for a year to try and get a licence on a three storey 6-bed HMO.

15:19 PM, 9th November 2013, About 11 years ago |  25

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Letting Agent won’t release rent (6 months paid in advance)

Letting Agent won’t release rent (6 months paid in advance)...

My tenants have paid 6 month rent in advance ( as they did in the previous 6 months with no problems) due to them being students. The Letting Agent is dragging its feet and will not release the 6 months...

12:28 PM, 7th November 2013, About 11 years ago |  12

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HMO Internal locks ‘deal breaker’?

HMO Internal locks ‘deal breaker’?

I’m at the point of exchange on an HMO licensed 5 bed house, currently let to students. I received a letter from the mortgage lender Birmingham Midshires (BM Solutions) saying one of their conditions...

12:17 PM, 7th November 2013, About 11 years ago |  15

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What accountancy software do landlords use?

What accountancy software do landlords use?

Hi all, I’m fairly new to property investing and brand new to this site. Thanks Property Geek, Rob Dix, for your podcast on Mark Alexander that pointed me here. Quick question; what accountancy software...

11:48 AM, 7th November 2013, About 11 years ago |  49

Latest ArticlesReaders QuestionsTax & AccountancyTax and Accountancy
Good debt recovery agent?

Good debt recovery agent?

I have recently had an absconding tenant who owes me £5,000 in rent arrears. I have used debt recovery agents previously for different tenants but with very limited success. One even tried to avoid...

8:07 AM, 1st November 2013, About 11 years ago |  39

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Help regarding being a victim of subletting

Help regarding being a victim of subletting...

A well known national letting agency franchise office based in Ealing advertised flatshare, I viewed the property and agreed to pursue a tenancy. My agreement is for the duration of 3 months, all bills...

10:56 AM, 31st October 2013, About 11 years ago |  13

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Are freeholders obliged to insure against escape of water?

Are freeholders obliged to insure against escape of water?

I am a leaseholder in a large block of flats built in 2007. After two flats were severely damaged by water escaping through pipes our insurance had the excess for escape of water increased to £20,000.

20:42 PM, 30th October 2013, About 11 years ago |  6

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Landlords lose the Zero Tariff with the energy companies

Landlords lose the Zero Tariff with the energy companies...

Most savvy landlords will have negotiated with their energy providers, so that in between tenants the tariff automatically reverts to a zero tariff. This was not advertised widely for obvious reasons.

8:10 AM, 30th October 2013, About 11 years ago |  4

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I’m losing a tenant every 6 months, please help!

I’m losing a tenant every 6 months, please help!

Hi all, My fifth tenant has now decided to leave after having been subject to 6 months of abuse and hell from the neighbour adjoining the maisonette. All four previous tenants have left after six months...

17:23 PM, 29th October 2013, About 11 years ago |  58

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How far back can overpaid Housing Benefit be reclaimed from Landlords?

How far back can overpaid Housing Benefit be reclaimed from Landlords?

I am looking for confirmation of the legislation regarding reclaiming Housing Benefit overpaid directly to a private landlord. Is it true that if a council decides that an overpayment of Housing Benefit...

15:11 PM, 29th October 2013, About 11 years ago |  32

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£700 per room council tax!

£700 per room council tax!

I am trying to find out when council tax would become payable by the room instead of for the whole property. I am not getting a clear answer from the valuations agency who keep coming back with it all...

17:46 PM, 23rd October 2013, About 11 years ago |  9

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Boiler Theft – Copper and Carpets Too!

Boiler Theft – Copper and Carpets Too!

I had a call about one of my properties in the Middlesbrough area that has gone downhill quite a way since I bought it 10 years ago. It was one of John Paul’s merry crew at Castledene who told me...

16:21 PM, 23rd October 2013, About 11 years ago |  13

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Letting a residential property to use as a detox retreat

Letting a residential property to use as a detox retreat...

Hello, I am looking to set up a holiday ‘detox retreat’ in the Cotswolds where people stay for a week at a time in individual rooms (similar to a holiday home but with individual rooms). I’m...

16:22 PM, 22nd October 2013, About 11 years ago |  23

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My tenants (a couple) have split up – Advice required

My tenants (a couple) have split up – Advice required...

HELP! We took on a couple a year ago as tenants. A month before the end of the contract the man said he was leaving his partner and gave notice for himself, but she wanted to stay on.

13:46 PM, 22nd October 2013, About 11 years ago |  19

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Deposit Dispute – ADR – Evidence viewing

Deposit Dispute – ADR – Evidence viewing...

I am currently going through ADR with DPS, and am just wondering is it at all possible that the lead tenant can request all the documentation that the landlord has submitted as evidence? The process is...

13:38 PM, 22nd October 2013, About 11 years ago |  9

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Damage caused by leak from neighbouring flat

Damage caused by leak from neighbouring flat...

My tenants reported a very serious leak from the water cylinder to my letting agents, who called in my plumber, who could find no trace of a leak from the water cylinder. When my tenants got home from...

14:51 PM, 21st October 2013, About 11 years ago |  11

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Should I raise rent in line with RPI or CPI?

Should I raise rent in line with RPI or CPI?

I have just read the latest survey about rent rises. We have several properties, but one, a townhouse, is coming up for review. In light of the latest RPI, and CPI which this month are aprox 2.7% and 3.3%...

11:22 AM, 18th October 2013, About 11 years ago |  14

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Who is responsible for my tenants £400 water bill?

Who is responsible for my tenants £400 water bill?

I recently visited my tenant with a congratulations card as they had recently had a new baby. While I was there my tenant mentioned that the water pressure was very low from the bath tap and would my husband...

11:09 AM, 18th October 2013, About 11 years ago |  21

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