Comments on: The Benefits of Private Landlord Lettings

By: Vikas

Vikas — Thu, 14 Jun 2012 12:03:30 +0000

This is an interesting issue. There are some very rlabtpuee agents such as Northwood Uk who guarantee rents by renting the property directly and then renting to tenants. The landlord wins by negating void periods and arrears. This is a service which offers peace of mind.However, their scheme is completely transparent. Renting a property to someone who then sublets rooms is very risky and should be avoided as usually these tenants will not be one household and HMO regs may come into play. Remember its the landlords responsibility to be licensed. It also impacts on wear and tear and its hard to keep track of who is actually living their as such tenants are usually transient. This may prove an issue if the agent ceases trading and you require possession. Further, it may impact on your insurance and any lease. The key issue is the relationship with the agent. They have a duty of care to seek the best possible price for their client and provide best advice. The terms of their contract with you is important. In this case, the agent should have offered the client best advice on how to generate the best rent. It would be interesting to see what the average market rent was for the property so as gauge whether the agent has undervalued or simply exploited an opportunity. Whichever proves to be the case 40% seems unbelievable. Usually the sum of the rooms rented separately rarely exceeds the total rent as one property by more than 10-15%. If the property was indeed undervalued then I suspect its a matter for trading standards however in my experience landlords usually have a pretty good idea of values and I suspect this agent is profiteering from an angle’ or has found a very gullible tenant! Nevertheless, the client should benefit not the agent.

By: Georgina

Georgina — Sun, 11 Mar 2012 10:51:35 +0000

I’m a landlord by dfuealt as I couldn’t sell, three sets of tenants on the trot have dfuealted. Latest set have changed locks. I agree the tenants have all the rights and are freely able to abuse their tenancy with little recourse, (unless we want to spend thousands pursuing them for years on end.I’ve used two different letting agents and always do full credit checks. How do these people get through the checks?!We’ve had threats of violence, illegally withheld housing benefit, damaged property, you name it we’ve been through it. In my opinion it’s not worth the grief, particularly as the law favours tenants, and give no regard to the poor landlords having to clear up after them.I can’t wait to sell up and wave goodbye to being a landlord. People assume we’re rich and have a stack of houses.

By: Renting to Young People and Teenage Mothers | Landlord Portfolio

Renting to Young People and Teenage Mothers | Landlord Portfolio — Sat, 08 Oct 2011 07:45:47 +0000

[…] local authority and ask them to have the rent paid directly to them rather than the tenant. Latest landlord News by: Madalena Penny Unemployment figures released yesterday reveal that there a… released yesterday reveal that there are now 2.48 million people unemployed. One in five young […]