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

  • Property-a-holics

    What's gone right/wrong with your BTL today?



    Ok, I thought it would be interesting (hopefully even fun) to see what problems and positives people have had on any given day. It'll give us a good idea of what is going on with other peoples business if nothing else.

    So I'll kick off with mine for today:
    Negative: parquet flooring has popped in the middle of a room for no good reason! Will be a nightmare to repair with taking off nasty old 60s bitumen so looks like its going to have to come up and carpet be laid I'm thinking at the moment :-<

    Positive: rent received on time.

    What about your positive and negative experience for today?

    0
    0


    Interesting post !

    negative - a house with radiators not working and new tenant complained - plumber found them on 10mm circuit which apparently has never worked and needed replumbing.

    positive - valuation on a new purchase, buying for £53k, valuation £70k - Future bonus there !

    0
    0

    If parquet flooring has popped then could be a sign of damp or a water leak.  It tends to come up when it expands from damp and has no where to go due to tightness of fitting.  Taking it up is a horrible job, I think I would try and repair.

    0
    0

    Yes, unfortunately I was thinking this as I've experienced it before due to moisture in my own house. Only way round it was to rip it up and get sticky feet underneath with the bitumen left on it! Plastic sheeting would get round the problem though as soon as it's been lifted. The room is about 9ft sq and connects with another which also has the dreaded parquet so it will be a pain to divide the 2x rooms.

    0
    0

    I love parquet floors. I hope you can save it.

    0
    0

    Me,

    Tenants have given notice to quit though cannot comply with their own notice.

    So very nice me has agreed they can stay on past their notice period while I continue to source new tenants.

    I will also allow the old tenants to have paid rent on a pro rata basis.

    Also giving the tenants excellent references to a RGI company.

    What a nice LL I am!!

    0
    0

    Good way to get it off my chest and share with fellow LL. Tenant of 8 years has vacantly property owing me £4k+ and posted keys to my address with no forwarding address. Repossession process currently with the courts but glad he's left on his own accord without waiting for bailiff etc! 

    He's got no good credit and I've found out he's also owning housing Benefit £5k+ in over claimed benefits and council tax!

    Just relieved he's gone but sad he won't be able to afford to repay me in a longggg time and I don't think it's worth chasing since no good credit! Putting down as bad debt Sad


    0
    0

    Here's a cut and paste of a message I sent one of my sisters today.  Might be a bit irreverent for PT, but it's just life according to two old Aussie sheilas Big Grin

    Have to give an update on the house stuff, Bill and I have just been in hysterics (laughter, but was a different story earlier!). So far - the seller left the house in a state, huge amount of rubbish etc.  Three days work and a builders skip bin to get rid of it all.

    Sparky has let us down, apparantly the job wasn't big enough to make it 'worth his while' - but he didn't bother his arse telling us that. So now we have to start all over again with finding another sparky, getting quotes etc- which means the electrical repair work will be done after the wall painting and gloss work is finished, instead of before like we planned it. Looking forward (ha!) to nice chunks being ripped out of my pristine walls to replace wiring etc.

    Cleaning companies - can't find one that will do all the jobs I need doing - one doesn't do windows, another doesn't shampoo carpets, another doesn't clean blinds, another one will clean the oven but 'it won't be a professional clean' (what??).

    And the best - the stop cock. Two men searched for two days, and not a stop cock in sight. I had a web chat with a very nice girl from United Utilities, she knew even less about stop cocks and where they can be found than I did. A sad little stop cock was eventually found hidden behind a cupboard, unable to be turned on. So we rang a plumber - Bill told him what we needed - plumber said what was that? - stop cock, says Billy. STOP! COCK! 'What's one of them?' answered the young lad with the Asian accent. Last ditch effort - call for quotes on a plumbers web site. But do you think I could write a message under 'details of job'? Could I hell - every way I tried to word it just got Bill and I in ever more hysterical laughter - my stop cock's frozen - my stop cock's stiff - I can't move my stop cock and I don't want to force it in case I damage something...

    I cannae do any more today Captain, I'll sort out the f'n stop cock tomorrow. A nice end to the day, two of the light shades arrived by courier. One is nice and round, as it should be. The other one's frame is twisted and bent, it looks like ten ton Tessie sat on it and wriggled.  And the postie just bought the council rates notice. Have a nice day sis (teehee) xxxx

    0
    0

    Gone right:

    • Received rent for one property
    • Solicitor send me an email about purchase in progrress (or rather got his secretary to do it.

    Gone wrong

    • Was told I will be receiving a bill for fixing a leaky toilet at the above property
    • Solicitor contradicted what he said when we met on Thursday


    0
    0

    If every LL detailed the issues they have

    It would be seen that being a LL is far from a passive investment!!

    OK we not be all spending 20 hours a week operating the business.

    But is surely does involve some of our waking ours sufficient to get us out of our armchairs!

    But of course LL rarely mention the day to day issues they face

    I could add to mine that a tenant has pointed out to be a consistent very small damp issue in my new build flat.

    So a trace and investigate is required

    But that would mean ripping down otherwise good plasterboard.

    So we've agreed to monitor it.

    Plus the tenants have just decorated their room with my permission.

    So that is a little issue which could cost thousands.

    The problem might be caused by the adjacent property.

    Who knows!?

    0
    0

    LL's that self-manage are probably spending more time than we think on Admin etc.

    Education (such as this site) takes up time as well, although it can obviously save/make us money as well.

    Self-managed LL = earnt income.

    "Don't call me" LL = unearnt income. All imho of course!

    0
    0