X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Buy-to-Let

    How to be fair to tenants?

    I get the bit about adding value, but the point of buy to let is the letting bit. Good established tenants are a blessing.

    I agree with the others who say refurb around the tenants, give them

    a stern talking to, and a warning that further hoarding will result in notice to quit.

    if you are evicting people from their long term home things can turn nasty quickly.

    0
    0

    Personally I would speak to them about a plan to refurb around them, most light refurb can be done whilst in situ, in my experience tenants tend to look after the property better if they feel the landlord cares. Not saying they will change completely but some of the issues could be caused by how the previous landlord treated them.

    Also be careful about getting money out mortgage often undervalue property that has recently been purchased and refurbed as they get a bit hung up on the original purchase price and are reluctant to increase without receipts of work done etc. I would recycle the refurb money and cash flow into the next property and remortage in 2 years.

    If you are only raising rent by 50 it takes a long while to recover the cost of changing tenant and increases risk with unknown tenant.

    Andy

    0
    0

    Slowly working towards financial freedom