Posted on 12 February 2007
Unfortunately, sometimes it may be necessary for a buy to let investor to
evict one of their tenants. This is notoriously difficult for property owners,
but by following a few simple rules, it is possible for the buy to let investor
to make the process relatively pain free!
First and foremost, it is important that a landlord realises that it is illegal
to throw a tenant out of a residential property, either by force or by harassment.
It is also illegal to use methods such as cutting off essential supplies, like
gas, water or electricity. Having established this, the next step is to consider
on what grounds you can evict a tenant and how this should be achieved.
Grounds for eviction
1st Procedure
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Posted on 04 February 2007
Ex-Council Property – A Sound Investment?
With limited financial resources, an ex-council property can seem like the
perfect solution. However, is buying an ex-council house a worthwhile investment
for budding property investors, or is it simply a money pit that is more hassle
than its worth?
House prices are on the up and, despite many doom and gloom merchants fearing
the worst, it seems that the market is going to continue to rise over the long-term.
With this in mind, it can be difficult to raise the necessary money to finance
your property investment plans. Some of the cheaper properties are ex-council
houses and it would seem that these, in many instances, offer good value property
with decent rental and capital returns. So what’s the catch?
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Posted on 30 January 2007
Affects of new licenses for landlords
Nine months after the new licences for landlords were introduced it is now
time for the buy to let landlord to count the cost and evaluate just how the
market has changed.
The new licences only affected landlords who owned houses in multiple occupation,
commonly known as HMOs. In reality, this meant that student landlords were
the most likely to have seen market changes and increased costs.
A report by Heritable Bank has revealed that there is a dramatic disparity
in costs of complying with the new regulations, with some postcodes costing
as much as £1,040 more than other areas. It is only a matter of time
before these differences begin to have an effect on the buy to let market in
the regions that charge the most to obtain the necessary licence, in order
to own an HMO.
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Posted on 19 January 2007
I am often asked what a lot of different terms mean in the
property investment field. After every seminar, workshop or speech there
is always someone asking what ROI really means or what Gross rental really
means. I thought I would compile a list of common property investment terms. This
list also forms part of the Property Investment Profit System (P.I.P.S.) which
is a great course which you
will purchase here.
Property investment terms
Gross Rental
Monthly or annual rental income you can expect to obtain from your property.
For example, £600 per month or £7,200 per year. Multiple monthly
rent x 12 to get annual rental.
Net Rental
Monthly or annual rental income, net of all expenses. These can include management
fees, service & maintenance charges, repairs, buildings, contents and tenants
insurance, inventory charges, allowance for replacement of furniture if furnished
and so on. Typically you can expect to lose 15 to 30% of your gross rental
on an unfurnished property to various fees.
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Posted on 11 January 2007
Some great property blogs
I found it hard when I first started blogging to find good quality property
blogs. I found a lot that were not really blogs as such and were part
of a network. However since I started blogging I have been in touch with
some great bloggers and thought I would list the ones I have come across that
I think you would enjoy:
www.housepricecrash.co.uk/newsblog/ -
This is a great source of the latest property news in the UK. I visit
this blog often.
theratandmouse.co.uk/weblog/ -
Another source of news and up to date information in the world of property.
blog.bewarethesharks.com/ -
Another news site, not quite as good as the above two in terms of design but
worth a visit nonetheless.
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Posted on 09 January 2007
The psychology of property investing
Your psychology and mental attitude to investing is what will determine if
you are to make it as a property investor or not.
Property investing can be a risky business and can be stressful for some who
are not prepared. If you are serious about property investing you have
to know a bit about yourself. Knowing yourself is about knowing what
kind of investment you want and how much risk you are prepared to take when
you do invest.
Ask yourself these questions to start with:
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