Often on my travels to letting agencies and landlord meetings, I experience the second-hand surprise (sometimes shock) that a tenant has gone bad in some way, shape or form.

Various exclamations are offered:

“I can’t believe a tenant would do that?!”

“They seemed so nice when we referenced them…!”

“He ‘suddenly’ stopped paying his rent.”

“She’s been on the phone again, ranting on about (fill in the blank…)”

Has this ever happened to you? Surprised at the unreasonable actions of a tenant? Shocked at a repair that has taken months to get this bad? Staggered that your tenant ‘suddenly’ stops paying the rent?

If you answered ‘Yes’ to any of the above with a big sigh and an exclamation mark (!), it’s likely you could have avoided the issue altogether, or at least avoided the surprise.

Read the rest…

Comments from Phil Martin and The Mortgage Rescue Network regarding the OFT recommendation that SARB should be subject to FSA Regulation.

http://www.oft.gov.uk/advice_and_res…nt/saleandrent
http://www.oft.gov.uk/shared_oft/rep…on/oft1018.pdf

The OFT study is both comprehensive and accurate, I have found it extremely enlightening and it reinforced my views on best practise for the sector. Read the rest…

Vist Landlord Action

This is a question that comes up time and time again and one that, frankly, is becoming a little tiresome. I have a couple of polite options for answers, so if that question is burning on your mind, here are your answers: Read the rest…

Property investor Phil Martin talks about The Mortgage Rescue Network and their accreditation scheme for the sell and rent back sector.

Phil was recently interviewed in the Telegraph’s property section. You can read the article here:‘Sale & Rent Back Sector Set To Soar’

In this video, Robert Clark of Rapid Property Investment talks to rent back expert Phil Martin about vendor debt and repossession.

Click here to download Phil’s free guide ‘Sustainable Solutions To Stopping Repossession‘

So you’ve bought a property No Money Down, it’s in Doncaster and you live in Bristol. Your initial idea of finding a quality tenant, showing them the property, negotiating the rent, interviewing and referencing them, then providing them with suitable documentation has gone a little sour since you discovered you can’t find the 3 and a half hours to drive the 185 miles to Doncaster over a couple of evenings.

And where would you find the tenant? You could research the local papers in the Doncaster area and take a punt on which would be the best to advertise in. But then you may discover a primal reluctance to advertise your mobile phone number. Dark thoughts cross your mind…”What if the washing machine breaks down at 3am and they call me to get it repaired?” or “What if some loony takes my number down and plagues me with phone calls?”. Read the rest…