What you missed in The Ultimate Landlord Show this week

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This week saw LandlordZONE’s Paul Shamplina join forces with Landlord Sales Agency’s David Coughlin in a packed webinar at The Ultimate Landlord Show. The two Landlord heavyweights weighed in on what’s happening to Landlords right now, how the eviction bans and court backlogs will affect us, and why so many Landlords are making the decision to sell either part or all of their portfolios.

David summed it up when he said this was “a time that is not going to come again for 7 to 8 years.” He touched on why he’s helping so many landlords right now sell, “the market is still hot, so now couldn’t be a better time to sell your portfolios. Some of us have issues with tenants, and potential tax bills to pay. Others are looking release equity out of the portfolio.” He also encouraged Landlords to think fast:

Stamp duty starts going back up from end of June to September, so if you want to make the most cash, Landlords need to be looking at selling now before it does. We work with Paul Shamplina to solve all your tenant issues. Whatever your issues is, there’s a solution to it.

We’ve already done this for so many Landlords recently, who have been coming to us with portfolios from anything between 5 to 30 properties. Some want to sell the full portfolio, whilst others want to sell off part of it to cash in. They won’t get a higher price than what properties will go for right now. Here at Landlord Sales Agency, our team of experts will do all the work for you, to solve any issue you might have to get you the best price, and fast. We’ve sold portfolios in 7 – 28 days, and the Landlords have been able to relax and enjoy retirement. There’s no one better than us to sell your portfolios, and now is the time.

You can watch a recording of the event by clicking on the link here.

Want to sell to retire? Cash in now while the market is still hot:

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©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – What you missed in The Ultimate Landlord Show this week | LandlordZONE.

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8% of Private Renters are behind on their rent

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In England, the ban on most bailiff-enforced evictions comes to an end on Monday, while the notice period landlords need to give tenants will be reduced from six to four months. Citizens Advice are reporting an increasing number of private tenants are turning to them for help.

The post 8% of Private Renters are behind on their rent appeared first on Property118.

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Rogue rent-to-rent operator given banning order over housing offences

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A rogue landlord and property firm have been slapped with a banning order for letting an unlicensed and unsafe home in King’s Cross, London.

Simple Properties Management Ltd received a five-year ban and the company’s director, Miguel Cabeo Cespedes, was banned for three years from letting properties and being involved with any company carrying out letting or property management work – only the fourth of its kind to be handed out in the capital.

The judgement follows a previous hearing which found them both guilty of housing offences, resulting in a £40,000 fine for the business and a £30,000 fine for Cabeo Cespedes.

Council officers carried out several visits to his Acton Street property (pictured) in May 2019 and found that its kitchen diner had been improperly partitioned to make the two-bedroom flat into a four-bedroom property that was home to five residents, as well as damaged wiring to a washing machine that was left exposed in the property’s bathroom.

Both the fire alarms and fire escapes from the property were inadequate.

Court cases

Giles Peaker, housing law expert at Anthony Gold, says Simple has been involved in previous court cases involving harassment, unlawful eviction, sham licences and spurious counter allegations.

“The track record of these set-ups is such that one has to believe that ‘London Simple Properties Lifestyle Ltd’ or similar is currently writhing its way to the surface of a fetid pool to be born, with a different sole director,” says Gold.

He explains that companies like Simple rely on a supply of properties from ‘naive, greedy, or lazy property owners and managing agents for their wholly unlawful rent-to-rent activities’.

Adds Gold: “Until property owners realise that they are quite likely to be the ones facing licensing prosecutions and rent repayment order applications, while ‘London Simple Properties Lifestyle’ vanishes with the rent unpaid and a voluntary liquidation, and stop entering these arrangements, there will always be some crook of a ‘property entrepreneur’ happy to try it on.”

Read more about Rent to Rent.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Rogue rent-to-rent operator given banning order over housing offences | LandlordZONE.

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Landlords threaten council with Judicial Review over HMO Licensing Scheme

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For once, well organised Landlords are threatening to take the council to the High Court over plans to expand a housing licensing scheme.

York Residential Landlords Association claim City of York Council’s proposals are “unlawful and irrational”.

The council’s legal team is considering a solicitor’s letter from the landlords’

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Unusual tenant matching service seeks landlords’ help

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An unusual start-up business aimed at tenants who are over forty years old is seeking landlords with multi-occupancy properties.

CosyQuarters.co.uk has been established by 57-year-old Maggie Byrne to help older tenants find similar people to house share with.

She tells LandlordZONE that the biggest challenged faced by those over 40 who are looking to rent – often for the first time – following a divorce or other life changing event is that most house shares are aimed at 20- and 30-somethings, and that studio flats are both expensive and unstimulating.

“It all started when my son left home and I wanted to rent his room out to someone my age but really struggled to find anyone,” she says.

Byrne began researching the market and discovered that many landlords are wary of mixing age groups within house share properties.

“Those over 40 struggle to find co-living properties to rent or people of the same age to rent with and that was what prompted me to start my business to help people with shared interests and values,” she says.

Matching service

“It’s essentially a matching service for these people so that they can have a choice about who they live with and how they live their life.”

Initially kicking off the business on Facebook with a private group for like-minded tenants interested in co-living, Byrne has now launched a website too.

Byrne attended the Start-up School for Seniors to get her idea off the ground, an organisation that offers to help older entrepreneurs prepare and launch a business in under eight weeks.

She also says that, because larger groups of people renting a property will be considered an HMO household, she’s also exploring how they could club together to buy properties together instead.

Read more about HMO licensing.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Unusual tenant matching service seeks landlords’ help | LandlordZONE.

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