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.

Make a change

Posted by admin | Home Improvement | Wednesday 14 October 2009 10:32 am

Today environmentally-friendly approach to homes is not only good for the planet but a great saver for your hard-earned cash. And one of the best ways to keep your house warm at winter and cool in the summer at a low cost is dominion home insulation brisbane technology, so let’s learn more about it.

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What all of this is about is environmentally friendly cellulose insulation made out of recycled newspaper that boasts both economy and incredible shelter from the weather outside for you and your family. The benefits of insulating your home are incredible. First and foremost, you will save almost half on your heating or cooling bills. As a result of less heating you will contribute to the reduction of the carbon footprint. A great benefit is that your house will have better soundproof so you can enjoy the literal peace and quite of your home. There are also health benefits for your family and the fact that the property will automatically rise in value if you insulate.

There is also the wonderful opportunity to get insulation for free with the help of the government. It doesn’t just help the environment but creates jobs, saves people money they can pour back to the economy by shopping or reducing their debt. So check your options today and start making changes to the planet’s and your future.

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