But they liked John – a lot. John has been a faithful, landlord-fearing, regular paying tenant for 10 years. He keeps himself to himself and, whilst I’ve been aware of his limitations we keep pretty much out of each other’s way. He fills his time collecting supermarket trolleys, putting out the bins and filling the garden with scary looking 3ft high gnomes. His other activities raise a few eyebrows but nothing which breaks the law.
We’ve been trying to control an outbreak of bed bugs for a few months in a room next to his, but every treatment seemed to stop working after a couple of months. After a bit of surreptitious detective work, we found the bugs’ headquarters in John’s room – in his mattress, his chair, his sofa and even his childhood teddy bear. They had stopped being discreet by only coming out at night and had gone into full on party mode as soon as they sensed a human food source nearby.
I’m not going to go into the science behind bedbugs or how to treat them as I’ve recently covered this in an article for HMO Magazine. Click on the link and the next issue is out soon.
John was devastated and genuinely had no idea he was their host. Continue reading
Ok, so being a landlord is hardly a profession which requires a degree or other formal qualifications. We’re not going to save lives with our medical expertise or improve the world with great engineering feats. However, every day, in our small world, we deal with good tenants, clever tenants, unbelievably daft tenants and downright manipulative, difficult tenants.
Being a landlord and letting agent is a 24/7 profession – you can turn the phone off or not look at your email, but your customers are human and your product can fail or leak outside of the 9-5, Monday to Friday. This blog was set up as a form of personal therapy to let off steam and encourage would be HMO landlords to think twice. Faithful to its origin, here’s a rant of the week so far: Continue reading
This post has been borne out of the numerous emails I receive from people wanting to leave the day job and invest in property – focussing on HMOs due to their higher yield. I answer every email honestly and, I hope, encouragingly but my enquirers disappear back into the virtual world and I never hear whether or not they’ve pursued their dreams.
If you’re considering writing to me for advice on ditching the 9-5 and earning enough money through HMOs to keep your family, go travelling and leave a decent nest egg for the kids, below is a typical response: Continue reading