Nov
3

TONIGHT: Dodgy rent-to-rent operator tackled on on Slum Landlords, Nightmare Tenants at 10pm

Author admin    Category Uncategorized     Tags

The new series of Slum Landlords, Nightmare Tenants is to return to TV this week after Channel 5 as part of its new 12-show series.

The latest episode is due to air tonight (3rd November) at 10pm and will feature Landlord Action’s Paul Shamplina, who helps a landlord escape the clutches of a dodgy rent-to-rent or ‘guaranteed rent’ firm that failed to pass on rent and mismanaged his properties.

LandlordZONE looked into the firm, called RHP Lettings, last year after landlord Gulam Sumar asked for help to highlight his plight and to warn other people not to use its service.

Even after he spent several years and thousands of pounds regaining possession of his two properties, Sumar faced a repairs bill at the addresses totalling some £24,000 despite having spent £185,000 doing the properties prior to taking on RHP, cash he is unlikely to recoup.

The landlords reveal that: “A two-year break clause was written in the contract so after months of problems with the agent and thousands of pounds of missing rent I tried to serve notice, but even that was extremely difficult as they wouldn’t answer my calls or emails.

“They wouldn’t even give me access to inspect the properties, something that should have been done every three months. I could see both properties were very run down, but I could never get in.”

Numerous complaints

Shamplina adds: Landlord Action has received numerous complaints against RHP Services, now operating as RHP Lettings, from landlords in similar situations to Mr Sumar and all prove how guaranteed rent (or rent-to-rent) can go disastrously wrong.

“In this particular case, we wanted to finally confront the agent at their office to apply pressure, and this can be seen on tomorrow’s show. Thankfully, with a tenacious landlord and our expertise we managed to collect the full amount of rent back, totalling some £24,000.

“Guaranteed rent, or rent-to-rent, is becoming more and more common in the private rented sector as it offers a lower barrier to entry into the property market for would-be investors and a guaranteed rent with no hassle for landlords.

“But if the rent to rent arrangement is not carried out diligently, the landlord loses control of what is happening at their property, and this is where problems begin.”

Read a comprehensive guide to avoiding the pitfalls.

Watch the latest episodes of the show here.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – TONIGHT: Dodgy rent-to-rent operator tackled on on Slum Landlords, Nightmare Tenants at 10pm | LandlordZONE.

View Full Article: TONIGHT: Dodgy rent-to-rent operator tackled on on Slum Landlords, Nightmare Tenants at 10pm

Post comment

Categories

Archives

Calendar

May 2024
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Recent Posts

Quick Search

RSS More from Letting Links

Facebook Fan Page