Posts Tagged ‘Social Web’

Eviction Trouble Ahead for Landlords as Court Closures Take Their Toll

Even the most determined tenant from hell crumbles when faced with eviction specialists Turner and Howard, headed by Miles Turner, a housing legislation expert and lecturer in the UK with over 30 years experience. Miles and his team have a 100% eviction success rate.

 

 

But not all is plain sailing for landlords, warns Miles.  Recent statistics reveal rent arrears in the private sector are now calculated at £284million across England & Wales.  The financial loss incurred by landlords is having a detrimental effect on landlords and Buy –To-Let investors, who are having their properties repossessed by lenders as a result of tenants failing to pay their rent.

 

 

Merseyside-based Miles believes things will get worse for landlords once court closures take their toll.  The government’s decision to save a total of £37million in building maintenance and running costs by closing more than 140 courts has been attacked by landlords in the private sector.

 

 

“ Landlords already face a long wait to gain possession of a property due to the slow procedures applied by courts.  The closures will only exacerbate the problem as landlords will have to join the queue and wait longer for a hearing date at courts elsewhere”, warned Mr. Turner.

 

 

“If the tenants refuse to pay rent, landlords could very well lose a substantial amount of money in the process running into thousands of pounds.  It could even result in repossessions from buy-to-let lenders if landlords fail to meet mortgage payments”

 

 

Lorna Rose, director of TenantID agrees with Miles’ concerns,

“The court closures will have a serious effect on those who make a living from renting properties – especially those for whom it is their only source of income.  Rent arrears could rise dramatically before a landlord can gain possession of a property.”

 

 

The TenantID database holds information on thousands of tenants in the UK.  Landlords and letting agents can receive a report about a tenant’s previous letting history.  Tenant details surrounding damaged property, misuse of property and tenant arrears are held on the national database, as are details of responsible tenants accredited with good histories.

 

www.turnerandhoward.co.uk

www.tenantid.co.uk

 

 

Information on regional court closures:  North East-27 closures; North West-21 closures;  Midlands-40 closures;  South East-33 closures;  London region-17 closures;  South West-25 closures;  Wales-21 closures

 

Detailed information on individual courts can be found here or can be sent on request in PDF.

 

Source:  Rent Arrear Stats-LSL Property Services;  BTL Arrears – Council of Mortgage Lenders;  Court Closures – MoJ

 

TenantID is a nationwide database which can tell you at the touch of a button whether the person wanting to rent your property is a safe proposition or has a track record of trouble. The information is provided by people  like you and the aim is to create a nationwide network of people in the lettings industry sharing information to protect one another from rogue tenants.

To find out how you can join the TenantID network and make informed choices  about your future tenants – visit www.tenantid.co.uk and register online for FREE.

This article was compiled by Rob Hubbard of Walker Fox Ltd.

Walker Fox Ltd are Commercial Management & Property Consultants who act for property investor clients in and around Wakefield, West Yorkshire.

Please leave a comment if you have enjoyed the article or contact Walker Fox on 01924 896190, via email info@walkerfox.co.uk, Skype: walkerfox or connect on Twitter @walkerfox

 

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HI TONY, CAN YOU WRITE A BLOG ON BATHROOMS FOR WALKER FOX?

Being on Twitter can throw up some interesting challenges.  It’s all part of the modern world of social media. When I saw a tweet with the request from Rob Hubbard at Walker Fox (@walkerfox) for a blog about bathrooms, well that’s a whole universe right there in one word, a massive subject.  I could write a book.

What was it Rob was looking for, I wondered.  Perhaps examples of opulence:   twin Japanese baths with champagne table taps, a basement spa glistening with LED lighting in striking colours, set in to an Antolini marble slab lovingly hand-selected from a quarry, or was he thinking more in terms of a modest townhouse bathroom with a contract steel bath, wall mounted basin and WC with a soft-close seat, sensible mid-range taps with a touch of the designer about them, perhaps matching a handset on an adjustable slide rail?

Was it a story on the history of bathrooms Rob was thinking about, or perhaps a property developer/estate agent’s view?  There are many aspects of perfect bathroom design and functionality to consider.

Of course, as bathrooms come in a myriad of shapes and sizes, being asked to pen a piece on them I find myself reflecting on that very fact more than once. In fact, with Rob laying a blank sheet in front of me with the word “bathrooms” atop of it, I am reflecting upon it for much longer than the average duration of a soak in a Jacuzzi while waiting for inspiration to flow like hot water from a Megaflo system! (Megaflo’s are a blog for another day!)

My chain of thought was interrupted by a call from Andrew Dunning – a good friend and an exceptional interior designer (APD Interiors) (@andrewdunning) – brilliant timing, Andrew!.. Inspired at last to hit the keyboard!  “Hi Tony, I have a project in Central London with two bathrooms in the house. Can you have a look at the drawings and come up with some specifications?” Andrew was, as usual, working on a complete home here, designing the living area, kitchen, hallway, the whole nine yards.  And the back yard too!

Bathroom with sunken tub

 

What type of bathroom do we expect someone to want in a London town house?  I asked Andrew what kind of lifestyle do his clients have, what are they like?  The answer was that they were busy professional people who were looking for design and style, but equally important to them was that the design must be functional, uncomplicated and easy to live with.  Okay, what style are they interested in?  These days bathroom style can mean modern, contemporary, very minimalist or traditional. In the mix somewhere are the weird and wacky ones for the more adventurous and creative clients with larger budgets. We were recently asked by a well-known comedian for a “Goth bathroom” with black semi-sunken bath, sanitary ware and black slate tiled walls and floors.

Instead of a glass screen, the client wanted a bespoke black glass beaded shower curtain threaded and interwoven with silver chains! For the shower and taps he chose Grohe Ondus Brassware in … black.  Job done. He was happy and we were happy.

The reply from Andrew was, ”I’m going for a modern contemporary appearance with this project, so don’t go over the top, but make it classy”.

Staying focussed on our town house bathrooms then, the style determined and products carefully chosen, these two mid-range bathrooms, with Andrew’s twist of design and his creative magic, will be turned into something special.

One bathroom had an existing bath we would remove, as it was smaller than the space available. These days, 1800mm baths are preferred in homes where space permits. An average bath size is 1700mm, with two tap holes at the end where the waste and plug are.  Bath designs have changed over the last few years – the no-tap hole bath is finding favour, with water being supplied from a combined bath filler and overflow system.  Taps are not required, making a much simplified, styled and less cluttered bath, with the added perk of being easier to clean. So now we have a larger bath we can install with more elbow room – 100mm wider than the old one, adding comfort.  And as London’s water is notorious for lime scale, having no bath taps is one less place for the nasty stuff to build up.

Laufen "Form"

 

Basins and WC’s in bathrooms have also changed and evolved.  Water saving and green issues are important factors to consider.  There are plans to charge individually for water in the near future, by the compulsory fitting of water meters in your home, if you don’t already have one. It is said an average person uses 130 litres of water per day, so with a rising population thinking green makes good sense for everyone.

When planning a modern bathroom, I will look carefully at the water saving products available to me when specifying.  I know my client will always appreciate future cost savings on water and energy bills. Having supplied and worked with Laufen Bathrooms for a long time, I also see the technology developing in other areas: a quiet flush WC, for example, is not the first thing that a client normally thinks of, but makes perfect sense – toilets are often up against the other side of a bedroom wall, so a noisy flushing WC in the middle of the night can shake the house.

Storage has become important in bathrooms, as we all seem to be overrun with bottles, jars, make-up, etc. and creating extra space to keep things tidy can be difficult.  Gaining extra space by utilising the area underneath the basin for less-used products or cleaning supplies is worth looking at.  I like the look of wall mounted basins such as a Laufen “Form” with a minimalist square or round chrome bottle trap, only resorting to a pedestal basin when a client asks for one.  Space underneath the basin is then available for a cabinet, either standing on legs or on the floor.  A vanity unit wall mounted with a free-standing basin, or perhaps an in-set basin, are interesting alternatives.   Schneider manufactures beautiful bathroom cabinets for above the basin or other wall spaces, fitted with an electrical shaver/toothbrush supply socket and clever lighting.  Laufen Case furniture is extremely well-made and many of Laufen’s basins are designed with optional cabinets.  Arlex and Madero are bathroom furniture manufacturers with very attractive and desirable storage ideas, which we have used on many of our projects.

Looking at our two townhouse bathroom WC’s, we can wall-hang one of them as the wall allows for a cavity to construct the concealed cistern.  This will look very stylish and keeps everything off the tiled floor.  The cistern concealed in the frame will support the weight of the pan.  We have used Grohe Rapid frames or Geberit frames, and both are easy to install.  A shelf or stone feature top which lifts to give access is a nice touch.  We will be using two versions of a WC pan in this project.  The second bathroom will have a close coupled WC.  The close coupled pan is being used as we don’t have enough wall space available behind the pan to create a cavity for a cistern.  A close coupled WC is what most of us know as a china cistern and pan with a push button, as the cistern is coupled to the pan.  We often use Laufen, NoCode and Catalano, all European manufacturers with fabulous ranges.  Both toilets will be fitted with soft closing seats. Soft close seats have been around a long time but only recently have clients started to realise they are worth the extra money.  The jarring sound of a dropped seat can be confined to history.

Shower with concealed controls

 

With projects involving modern bathrooms, a choice of brassware and valves has to be decided. Where possible, specifying controls for a shower which can be concealed in the wall are my preference. Concealed valves and controls such as these afford the client the opportunity to locate them exactly where easiest to use.  An exposed valve is the alternative.  All the working parts are fitted to the wall, less work is involved to install it and it is often cylindrical in appearance.   Personally, I dislike any shower that has a control positioned in such a way that I have no choice but to be drenched in hot or cold water before being able to set the temperature correctly. With smaller shower cubicles of course, there is often no choice unless the control is outside the cubicle, which is rarely practical.  Remote controls are hardly new to the market, but there are more around now than there once were.  They can prove very useful in setting the temperature without even being in the bathroom, let alone having to endure being blasted with cold water.

In the second bathroom, we are specifying a shower only as space is at a premium – only 800mm square – so even a walk-in shower is not viable.  Using a minimalist white stone resin tray with an 8mm thick glass-side panel and pivot door opening out, we save space by pivoting, rather than hinging on to the frame.  For brassware in our mid-range bathroom projects, Vado, Hansgrohe, Grohe and Waterfront are a good bet. If you are blessed with a higher budget then Gessi are a fabulous manufacturer with wonderful design ranges. Most of our work though is definitely mid-range with perhaps 20% at the very high-end.

If I had to summarise what the average bathroom requirements are in 2011, I would say functional, well-planned, stylish and affordable.  Clients want attractive, easy-to-use, easy-to-clean products that fashion will not render obsolete by the end of the year.  Such is the by-product of the national belt-tightening for many of us.  A client who is a guitarist living in St Johns Wood, mentioned to me while we planned yet another bathroom for his house  (with rain bars, body jets and waterfall overhead shower), “I like going ’round my mum’s council flat.  Her bathroom is so simple, it’s less hassle! And who was I to argue? As we planned his walk-in wet-room, he passed me his 1957 Gibson Les Paul picked from a row of guitars to have a look at.  When he told me what he paid for it, I gently replaced it on its stand. Like bathrooms, it’s all about what you like, what you can afford and the compromises you are willing to make along the way.

 

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Property Networking Events in Yorkshire



Walker Fox are proud to be hosts for the Northern Property Tribe Gatherings at Whitwood, Castleford. However, If you can’t make it to our event, then you have a choice of plenty of other events right across the UK.
Thanks to Mike Entwhistle of  Leeds Property Networking we now have a comprehensive list of  many of the organisers were we know you’ll meet like-minded individuals within the property industry. So, whether you’re just about to start in property or you’ve been investing for a while, go and experience the other Property Networking events happening all across the country.

The A-Z of UK Property Networking Events

Here is a list of other Property Networking events in West Yorkshire which may be of interest,  These are listed A-Z by Town/City where the events are hel.

Listed by the Town or City where the Events are Held

 

CASTLEFORD
Northern Property Tribes Gathering northern-property-tribe/next-event

HULL
Humber Property Network www.humberpropertynetwork.co.uk

LEEDS
Leeds Property Networking www.leedspropertynetworking.com/next-lpn-event.htm
Property Investors Network (PIN) PropertyInvestorsNetwork/Leeds

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Negative Thoughts

Anybody who thinks negative thoughts about someone else has those negative thoughts return to them multiplied. It doesn’t matter how many people are thinking negatively about someone; if that person is in joy those thoughts can never each them, because they are in a different frequency. Instead, all the negative thoughts will multiply and return to the people who were thinking them.


No one else can bring negativity into our lives through our thoughts, unless we allow our frequency to lower to the same negative frequency as theirs.

Thanks to Mark Alexander (@IamALandlord) who posted this here and is also co-founder of The Money Centre & Property118.com

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Assessing financial risk to a project using a risk matrix

I have been asked by private message and on the Property Tribes forum to share some information on the assessment of financial risk to your property portfolio in order to more accurately forecast a net yield.

Here is the spreadsheet that needs to be populated >>>>Risk Matrix

Guidance notes on how to populate are below.

Risk Explanation

Firstly, you should sit down and list out all of the factors that could cause you to incur additional expense say, over the next accounting year where you are unable to provide a fixed cost to go into your cost forecast.

The following example is provided to illustrate how the risk matrix works.

One of the items relates to the potential risk and cost of having to replace the central heating boiler, one that we all know happens at some time or another.

Using the spreadsheet….

1) Identify the risks and assess the value

  • You identify that the boiler may breakdown beyond economical repair
  • You estimate that is this event occurs, the maximum cost for replacement will be £1,500.00
  • You then make an assessment of the severity of this risk if it occurs (On a scale of 1 to 5 with 5 being the most severe)
  • You then assess the probability of the risk occurring (On a scale of 1 to 5 with 5 being the most probable)
  • The spreadsheet calculates that the Risk Factor is a 12 (RED, High risk)
  • The spreadsheet automatically calculates the assessed risk, in this instance £720.00 (In the assessed risk column)

2) Identify Possible Mitigation

  • You examine ways to mitigate the risk and decide that you could take out British Gas Homecare cover or similar.
  • You calculate the cost of carrying out this mitigation (On the mitigation worksheet) and add this to actual cost on your forecast.

3) Reassess the Risk Following Mitigation

  • You reassess the severity of the risk following the proposed mitigation measures
  • You then reassess the probability of the risk occurring following the mitigation measures
  • The spreadsheet calculates that the Risk Factor has been reduced to a 3 (GREEN, little chance of the risk occurring, as you are now protected against all cost relating to breakdown)
  • The spreadsheet calculates the residual risk to be £60.00, in the residual risk column, this should be added to your cost forecast as an forecast cost.

4) Actual Cost

  • The spreadsheet calculates the total actualcost to be carried to your cost forecast summary for use in future years forecasting.

5) If No Mitigation Proposed

  • If no mitigation measures are proposed and the Mitigation Cost column is nil, then the spreadsheet should carry the assessed risk forward to the Summary.

Please feel free to share this information and the risk matrix as you see fit, all I ask in return is that you credit Walker Fox as the source.

Rob

Commercial Management & Property Consultant,
Wakefield, West Yorkshire
www.walkerfox.co.uk
E: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

Be motivated! A short list of daily tasks to keep you on track

  1. Take a 10-30 minute walk each day and while you walk, smile. It is the ultimate anti-depressent.

  2. Site in silence for at least 10 minutes each day, buy a lock if you have to.

  3. When you wake up in the morning complete the following ‘My purpose is to ——— today.’

  4. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants.

  5. Drink green tea and plenty of water. Eat blueberries, wild salmon, broccoli, almonds & walnuts.

  6. Try to make at least three people smile each day.

  7. Don’t waste your precious energy on gossip, energy vampires, issues of the past, negative thoughts or things that you cannot control. Instead, invest your energy in the positive present moment.

  8. Eat breakfast like a king, lunch like a prince and dinner like a student with a maxed out credit card.

  9. Life isn’t fair but its still good.

  10. Life is too short to waste time hating anyone.

  11. Don’t take yourself too seriously, no one else does.

  12. You don’t have to win every argument, agree to disagree.

  13. Make peace with your past so it wont spoil the present.

  14. Don’t compare your life to others, you have no idea what their journey is all about.

  15. No one is in charge of your happiness except you.

  16. Frame every so called disaster with these words ‘In five years, will this matter?’

  17. Forgive everyone for everything.

  18. What other people think of you is none of your business.

  19. However good or bad a situation is, it will change.

  20. Your job wont take care of you when you are sick, you friends will,  stay in touch!!

  21. Envy is a waste of time. You already have all you need.

  22. Each night before you go to bed complete the following statements ‘I am thankful for——’ & ‘Today I accomplished——’

  23. Remember that you are too blessed to be stressed.

Source: Unknown

Rob

Commercial Management & Property Consultant,
Wakefield, West Yorkshire
www.walkerfox.co.uk
E: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

Do you think that calling someone a tea party activist is a condescending insult?

Recently in the world of property forums there has been somewhat of a shake up.

Following the sad demise of Singing Pig it ultimately came to an abrupt end when Rapid Property Group and its owner Phil Martin effectively ceased trading. As expected and indeed, foreseen by many there followed a huge increase in both membership and traffic another popular forum, Property Tribes. Property Tribes is now ranked as the most popular property based forum in the UK and has impressive stats to back these claims up (Authors note, I will embed these at a later date as an edit).

The general theme on Singing Pig was often quite boisterous and occasionaly quite offensive, this provided a broad feeding ground for Trolls of with a broad agenda. However, in contrast, Property Tribes has always had a feeling of being ‘nice place to be’

Since early December there has been much and varied activity on Property Tribes which can only be a good thing for the community at large. On a few occasions, the forum has been described as a ‘tea party’

Tea Party

I came across this discussion on Yahoo Answers which I find interesting.

Do you think that calling someone a tea party activist is a condescending insult? For example,

“He is like a Tea Party activist yelling all the right words.”

“Tea Party is a cursory expression of what happened in Boston that day. The actual underlying activity was the Apple Cider Party that happened afterwards which then became the actual catalyst to the American Revolution. The American rebels threw all the tea overboard but brought home all the apple cider over which they discussed revolutionary plans.”

Tea was important to the British but apple cider was important to the Americans. On the surface, the Boston tea party seemed to be provoked by the British Parliament’s 1773 Tea Act. But the actual provocative issue was that the British restricted the Americans from brewing our favorite beverage at that time and Americans had to drink apple cider imported from England in pubs or else moonshine them at home.

Tea partying addresses the irrelevant issues (the 1773 Tea Act and Americans at that time did not like tea at all), whereas apple cider partying addresses the underlying core issues – the real issues.

Do you think Tea Partyers today just yell the right words but not address the relevant issues?

In my opinion, it doesn’t matter what the community is called, what matters is that people take notice and listen to the varying opinions that are shared, criticism for the sake of criticising is futile and meaningless. Provided that opinion is not radicalised, defamatory and masking an ulterior motive (ie transparent) then the holders of the opinion(s) cannot be discredited

Why do people criticise and attack?

It could be that there is a single person or group of people on your life that seem to constantly criticise you or the way that you do things.

This can manifest itself by comments about how you look, how you act or maybe your boss or a work colleague are constantly putting you down, un-reasonably criticising your work. Another ever increasing method of receiving criticism is through online media. Maybe you feel that your opinions on interest forums are being unreasonably attacked rather than critically commented upon.

This constant barrage of negativity can leave you feeling low and with low levels of self esteem or even depressed. There are also often feelings of self doubt, wondering what YOU have done in order to solicit such unwelcome comments and feedback.

Often the people who are actually taking part and generating the criticism are in fact projecting onto others how they feel about themselves. It is often a defence mechanism that kicks in which enables them to state what they think that your opinion of them is first, a sort or pre-emptive strike.

How can you fight back?

Well you can either ignore the attacks or you can try to come back with a sharp response. Often these sort of people feel rejected and feel the need to grab immediate attention, similar in the way that a naughty child might do. They have yet to understand the differences between positive and negative attention

Their perception of you is probably one of someone who has a happy and contended life, maybe a nice home, a nice car, a good job or successful in business. Therefore, these attacks are almost certainly motivated by insecurity and/or jealousy.

The best and most effective way to fight back is to do nothing!

By not reacting (answering back) these people attacking are not getting the attention that they crave and although it may not seem like it at the time will move on. You may feel sorry for them or even pity them. Sometimes although rarely it can help to ask them what their real issues are and how you can help however, most common the best solution is just to walk away and distance yourself from the attacks.

Spotlight on Northern Property Tribes

I was recently interviewed by Vanessa Warwick (@4_walls) of Property Tribes about the Northern Property Tribes which is an offline Property Networking event based in West Yorkshire. With a non-sales agenda, it attracts many property minded people and speakers who are also property investors themselves.


New branding revealed for Northern Property Tribe

Walker Fox, hosts of the Northern Property Tribe have please in revealing the new branding image.

Designed by Nick Tadd of Social  Media Graffiti, the brand image echos that of the online community Property Tribes whose values the Northern Property Tribe replicate offline.


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