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Recent Activity
The AIIC says this should be extended to other cities, arguing that Airbnb tenants and landlords leave themselves open to damage or financial implications due to the minimal checks and paperwork needed to let a property via short-let websites..
From:
darren lehman
10 July 2018 19:37 PM
This hasn't been as much of an issue as we thought it would be and we haven't experienced an increase in tenants pulling out. We do though continue to take a small holding deposit which is refundable if the tenancy doesn't go ahead.
From:
darren lehman
10 July 2018 19:12 PM
"Short term lets are supposed to be short term for a reason and landlords who are not adhering to the rules could be putting the future of their investment at risk" says Patricia Barber, chair of the AIIC." Nice quote .
From:
darren lehman
10 July 2018 19:07 PM
Are agents now going to be expected to cover the costs of referencing tenants?! What is to stop a tenant applying for several properties at the same time, knowing they will only take one, or applying for property knowing they have bad credit or their landlord wont give a good reference, meaning they fail but chance their arm anyway?! We charge a reference fee to cover our costs, we only reference one set of applicants on one property at a time. If they fail, they lose their fee, if they withdraw from the property, they lose the fee (This rarely happens though). We have had cases of landlords referencing tenants on their properties through 2 different agents, which I detest, as it is unfair on tenants. If the landlord withdraws a property from us, i.e they let it through another agent or decide to move back in etc, we refund the reference fee to the tenant or use their references on another of our properties. I believe, as has been said before, that maybe references should be transferable between agents, as long as its with a reputable reference company, Rent4sure/LetsXl/landlord hub etc. The only cost to tenants form us on top of referencing is a check out fee(if applicable) and tenancy preparation fee.
From:
darren lehman
10 July 2018 19:04 PM
Absolutely - couldn't agree more. We have a small portfolio - about 9 properties - and we try to keep them in the best condition for our tenants. In the last two years, we have had one tenant who stopped paying the rent and then did a moonlight flit, costing us just over £3,000 and we are currently taking action to evict another tenant who has not paid the rent in spite of several months of discussion. I suspect that we have been lucky compared to many other landlords. The biggest rogue of the buy to let sector is, of course, the previous Chancellor of the Exchequer who has done as yet unknown damage to the sector, to the availability of property for rent, to the rents likely to be paid by tenants and to the pensions of so many small landlords. Agreed to this statement completely!!
From:
darren lehman
10 July 2018 19:01 PM
As a growing lettings franchise group in England and Scotland, as we have recently launched in Glasgow, we have some concerns about the loss of a great part of our agents income. However it was I guess, inevitable, given the Scottish decision and the pressure from the liberal elite in England (Shelter) And so yes, it would be good if Mr Alexandra was forthcoming with some advise and guidance, but why would he want to educate the competition? In the meantime as a business we need to be able to recover our costs which may mean increasing, or at least adjusting our fee structure, so what we have been working on in anticipation , is adding value in our service provision to our landlords and that is I think all we can all do. But lets not be too despondent as there is still hope? LOL
From:
darren lehman
10 July 2018 18:59 PM
I understand the need for more homes, but is building the only way? I would prefer if they looked at the easier solution of refurbing the millions of empty homes in the UK, cheaper that building from scratch and no belt green or brown need be used. I appreciate this is not a total solution, but surely it should be looked at as an option cool this is .
From:
darren lehman
10 July 2018 18:55 PM
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