Dealing with a Problem Tenant

Posted by admin | Flats for Rent, Hollywood Rentals, Home Improvement, Lofts and Condos, Real Estate | Monday 28 June 2010 6:28 am

Dealing with a Problem Tenant
Buy-to-let has been a very difficult business model over recent times. The credit crunch combined with the crash of property prices has put many buy-to-let landlords in difficult positions. The last thing any landlord wants is a problem tenant, but as everything else in the economy becomes more difficult, the number of problem tenants has also risen.
This is not always their fault. In many instances they are victims of the same economic factors that are affecting their landlords. A tenant may be the best tenant in the world under normal circumstances. They have always paid their rent on time, they have taken care of the house and have tended to the garden. In fact they were such model tenants that when they wanted to increase the time scale of the tenancy agreement, you were more than happy to oblige.
Then suddenly everything changed. The rent payments were progressively later, initially a week, then two, then a month. Your management company informed you that the tenant had been made redundant and was now dependent on the DSS for paying the rent. Of course you are sympathetic, but this is a business arrangement and things have suddenly taken a significant turn for the worse, particularly as you have now decided that you need to sell the property.
Once the DSS are involved in paying the rent, it is extremely difficult to persuade assured shorthold tenants to leave even when the tenancy agreement has expired. Even after you have issued a two month notice for them to leave, in many instances the DSS are unlikely to cooperate. It might be necessary for you to obtain an eviction notice from the court before the DSS is willing to re-house them, and this can be very time consuming and expensive.
In these circumstances it might be worth considering selling the property with the problem tenant in situ. Of course it would be just about impossible to do this on the open market, but there are a number of companies that make a business out of just this kind of purchase such as swift capital. Naturally they discount the purchase price by about 25% of that of a similar property with vacant possession, but this could be your best choice.

Why go to Hollywood?

Posted by admin | Hollywood Rentals | Saturday 21 February 2009 7:31 am

hollywood_boulevard_from_kodak_theatreHave you ever been in Hollywood? If not, then you have to go there. Paris is not the only beautiful place on Earth. There are so many attractions in Hollywood. The atmosphere of freedom and luxury is everywhere and everybody is surrounded by it. The feeling of possibility to achieve something all by yourself is in the air and it gives you so much energy…

But it is impossible to get complete understanding of the city and the way of life there without living in Beverly Hills or BelAir. Yes it is extremely expensive, but is worth doing. Houses for rent in Hollywood are always available for people who respect themselves. Only those who live close to stars and rich people can know how wonderful it is in Hollywood.

If you like high quality shops and are ready to spend a couple of hundred thousand dollars standing close to a movie star, go to Rodeo Drive. The most famous and expensive clothes and jewelry can be found there. Only here people are interested in you and this interest is sincere.

And finally, the weather. The climate here is more than comfortable. Though it can be too hot sometimes, but never cold. People who experience problems with health can live comfortable lives here. Try to go there and rent a house. Probably you will never want to return and buy your own house in BelAir area…

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