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Two Day HMO and LHA Presentation with Arsh Ellahi

Arsh Ellahi

Hi all, Arsh Ellahi here!
People often ask me about how I set up my HMO’s (Houses of Multi Occupancy) so my tenants pay all outgoings such as Council Tax, Water Rates, Electricity and Gas (where applicable). It may seem surprising to some that my only outgoing for a HMO property is merely the landlord’s supply, which pays for the communal lighting and fire alarms.

With this in mind I am holding a 2 day course which will assist you in maximizing your income from your HMO properties and LHA Tenancies. Not paying large utility bills will form part of the course alongside other essential hints and tips from a Landlord with a wealth of HMO experience.

Day 1 Saturday 20th April 2013 – This day will consist of a visit to 4 high cash generating HMOs in which tenants are responsible for their own utility. See a successful HMO in action!

Day 2 – Sunday 21st April 2013 LHA Masterclass– How to skyrocket your cashflow without converting to HMOs

Find out more details and book onto this course by clicking the link below:
www.arshellahi.com/web/ae-events

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Landlords need to be aware of the energy efficiency of their rental properties

Landlords need to be aware of the energy efficiency of their rental properties

UK PRS landlords are being urged to check the energy efficiency of their rental properties that they want to let out before tenants commit to rent them, as it could save their tenants a substantial amount of money in the long term.

Landlords have stated that their tenants are becoming increasingly concerned with the extortionate cost of utility charges and many tenants have even used the information displayed on EPC’s to make the decision to go ahead with the let of more energy efficient rental properties.

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UK PRS Rental Yields Increase

UK PRS Rental Yields Increase

In the UK the combination of high tenant demand, increasing PRS rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in Buy To Let rental yields.

Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector (PRS) coming from houses in multiple occupation (HMO’s) up from 9.2% to 11.1%.

A much needed increase in the availability of buy-to-let mortgages, as well as property investors seeing the benefit of buying high yielding low priced properties for rental purposes, outside of central London and the South East where rental yields had previously been squeezed, has been fuelling the growth.

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The British Property Federation (BPF) handed a bit of good news to UK landlords who may have been struggling to make ends meet, after it was revealed that the UK coalition government may review imposing powers forcing landlords to share information on changes of tenancy with water companies, as well as making them liable for a defaulting tenant’s debts.

The failure of tenants to pay water bills for the property they are renting costs landlords and other home owning customers around £15 extra per year.

The new Flood and Water Management Act would mean that the government could make landlords and property owners pay water and sewerage bills if specified details of tenant occupiers are not forwarded to the relevant utility company departments.

Ian Fletcher, director of policy at the British Property Federation, explained: “Government policy in other areas is pushing for personal responsibility and the same should apply here that landlords should not be held liable for their tenants’ debts, which is simply unfair. We therefore welcome this review and agree that water companies could do more to limit bad debts. Landlords already provide a lot of information voluntarily, though this could be much easier and transparent with the right systems in place”.

Legal 4 Landlords advise all UK landlords to inform all utility companies (Gas, Electricity and Water) at the start and end of every tenancy as normal practice for all tenancies.

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