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Peter Singh Will Share Multi-Let Success Strategies on 5th & 6th October

Peter Singh Will Share Multi-Let Success Strategies on 5th & 6th October

Peter Singh, one of the UK’s fast growing authorities on Multi-Let property management, is holding another of his unique two day seminars on the 5th & 6th October 2013, where he will share the essential requirements to build your own profitable Multi-Let property portfolio.

Multi-let properties are a particular type of rental property that has been split into individual dwelling units, also called Houses of Multiple Occupation or HMO’s.

The concept requires leasing a suitable single let property at a fixed monthly rental price, the property is then sub divided into individual rooms, complying with all the usual safety and legal regulations for a small cost.

The rooms of the multi let property are then let out individually to professional tenants. The profit is made after deducting the difference between the rent paid for the single let of the rental property and the rents paid by individual tenants.

Multi-Let rental properties produce excellent monthly cashflow for property investors and landlords who know how to effectively split suitable properties, without even having to be the owner of the property.

If you want to discover how Peter can help you control property and how a few simple changes to your existing property investment strategy could help to generate excellent monthly cashflow from your existing rental property portfolio, then sign up to attend this unique training event on 5th -6th October 2013.

If you could copy Peter’s strategy for producing an extra £1000 PER MONTH from property, what would that do for your rental property portfolio?

Multi-Let Success - 5th & 6th October - Book Now!

Multi-Let Success – 5th & 6th October – Book Now!

Peter will be sharing a wealth of profitable information for property investors and landlords, on this exclusive 2 day training event, including:

  • HMO/ Multi-let Intro to the Law
  • How to find your £1000 Goldmine area
  • Estate Agent insider’s knowledge
  • The FIVE tenant profiles to know
  • Maximum effect strategies for sourcing tenants and keeping them
  • Staging the property and the safety lessons
  • Systemised Business – maximum cashflow with minimum time
  • Where to get furniture at MASSIVE discounts
  • Power team – where to assemble your discounted tradesmen
  • Legal packs
  • All the templates, notices, tenant spread sheets and manuals

Read what other property investors had to say after attending Peter’s last training days on the 24th & 25th August here – https://www.facebook.com/MultiletSuccessStrategy/posts/203794419794859

or view their video testimonials below

 

Multi-Let Success Strategies with Peter Singh - 5th & 6th October

Multi-Let Success Strategies with Peter Singh – 5th & 6th October

Landlords may avoid LHA tenants in future

Benefit Cuts To Make 40,000 Homeless

It has been revealed that the welfare reforms by the UK Con-Dem Government are a serious worry for everyone, even the ministers involved.

The UK Government has been warned in a letter to Prime Minister David Cameron from the office of Eric Pickles, the communities’ secretary, that welfare policies risk making 40,000 families homeless. Exposing deep splits at the heart of the Con-Dem Government over plans to cap benefit at £500 a week per family.

The leaked letter reveals Eric Pickles’s belief that the cap will increase the burden on taxpayers, because thousands of families will be unable to pay their rent and will have to seek local government help.

The letter shows the disparity between the truth and the government’s public insistence that a limit on benefit payments will have little impact on homelessness and child poverty.

No thought or considerations have been given to Private Sector (PRS) Landlords who house LHA tenants, as they face a reduction in benefit payments for housing costs. Many landlords have voiced their concerns through Landlord Associations and lobbying groups but with little effect.

Over two pages, the fears of the Department for Communities and Local Government (DCLG) are spelled out over “some very serious practical issues for DCLG priorities”.

The letter says: “Our modelling indicates that we could see an additional 20,000 homelessness acceptances as a result of the total benefit cap. This on top of the 20,000 additional acceptances already anticipated as a result of other changes to the housing benefit. We are already seeing increased pressures on the homelessness services. We are concerned that the savings from this measure, currently estimated at £270m [per year] from 2014-2015, does not take account of the additional costs to local authorities (through homelessness and temporary accommodation). In fact we think it is likely that the policy as it stands will generate a net cost.”

The letter then claims that with the reduction in the benefit families can claim, developers will not be able to recoup anything close to a market rent and so will not have an incentive to build homes. “Initial analysis suggests that of the 56,000 new affordable rent units up to 23,000 could be lost. And reductions would disproportionately affect family homes rather than small flats.”

Of a proposed policy that families would be required to divert part of the general benefits, such as child benefit, to cover housing costs, it adds: “It is important not to underestimate the level of controversy that this would generate.”

Written by Nico Heslop, Pickles’s private secretary, at the clear instigation of the minister, the letter lays bare fears of mass homelessness “disproportionately impacting on families”. It says:

•  40,000 families will be made homeless by the welfare reforms, putting further strain on services already “seeing increased pressures”.
• An estimated £270m saving from the benefits cap will be wiped out by the need to divert resources to help the newly homeless and is likely to “generate a net cost”.
• Half of the 56,000 affordable homes the government expects to be constructed by 2015 will not be built because developers will realise they will not be able to recoup even 80% of market rates from tenants.

The leak is the first time that disagreements over welfare cuts have surfaced within the Conservative high command.

Liam Byrne, the shadow work and pensions secretary, said the letter suggested ministers had not come clean over the effects of their policy. “We were assured by ministers that costs wouldn’t rise. Now top-level leaks reveal the truth. Iain Duncan Smith has promised the House of Commons he will not U-turn on the benefits cap. Perhaps now David Cameron will order him to think again.”

Jenny Willott, the Liberal Democrat welfare spokeswoman who has already warned that a rigid cap would increase child poverty, said she remained “very worried” about the proposals, which are due to come into effect in 2013.
Last month, employment minister Chris Grayling rebuffed an attempt by Labour to protect those facing homelessness from the benefit cap. Dismissing a Labour amendment to the welfare reform bill, he said: “It is not yet clear to what extent they would be affected by the overall benefit cap.”

The bill has since passed to the Lords, although the revelations will only fuel existing concerns among Liberal Democrat and Labour peers.

Labour MP Karen Buck, who sits on the Commons committee, said Pickles’s letter proved there was confusion and division at the centre of government. “The housing department and the benefits department are pursuing policies which don’t just cut across, but actively undermine, each other,” she said.

Campbell Robb, chief executive of Shelter, the charity for the homeless, said: “With 21% of people struggling to meet housing costs, it’s naive to think you can cut support without putting some people at risk of losing their home.

The coalition government should stop bulldozing through badly thought-through policies while ignoring independent evidence, its own expert panel and the views of those who will deal with the very real impact on people.”
Enver Solomon, policy director at the Children’s Society, said: “The social costs of the cap are huge and would have disastrous consequences for many children.”

The leaking of the letter will be a source of considerable embarrassment to the government.
A spokesman for Mr Pickles said: “We are fully supportive of all the government’s policies on benefits. Clearly action is needed to tackle the housing benefit bill which has spiralled to £21bn a year under Labour.”
 

Mike

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