x

Echis R

229 Profile Views

About Me

my expertise in the industry

Echis's Recent Activity

According to google there are 6,500 languages in the world. Which ones do you want covered in the national curriculum? Most people go to places and get on with it. They learn the local ways and language. Some stick to English and make demands in a loud voice.

From: Echis R 18 December 2021 16:16 PM

The Bank of England need to drop interest rates by 2.45%. That will be good for the housing market and also help those entrepreneurs building property portfolios. Increasing rates by 0.25% would be a smash in the face and will put some of us out of the game. Does this government understand the entrepreneurial spirit or not? Time to vote Labour I think.

From: Echis R 15 December 2021 17:18 PM

Andrew, fair point but market rules apply. If your properties can get an extra £150 per month, that is down to what the market will take. When it comes to remediation, it may take a few years to get the money back. Tricia is implying she has problems on this score, but she has to take the hit and look at this long term. Dumping tenants to resolve cash issues is not the way to do it. There is a professional aspect to this and tenants have lives. There are ups and downs to letting for everyone.

From: Echis R 27 November 2021 18:26 PM

George, I am listening to Max Boyne. We all should.

From: Echis R 27 November 2021 16:11 PM

Renting is a professional activity and as such, it carries costs. If your properties are not up to scratch with current regulations, sort them out. If that means paying for your tenants to locate elsewhere while the work is done, pick up the tab and get on with it. Alternatively wait until they go and then get it done. Either way stop whinging. Right now, renting for most landlords is the closest thing there is to free money.

From: Echis R 27 November 2021 15:38 PM

"Inspections are so important they should be done by the landlord to build up a rapport with the tenant and nip issues in the bud. I don't believe a third party will do either as well as I do." Rapport is built up between two reasonable parties. Professional landlords have the skills to build up rapport and also deal with bad tenants. Tenants are not equipped to deal with bad landlords. In the latter case, letting agents sit in the middle and make money playing off both sides. In short I agree with you. The market needs more professional landlords and fewer letting agents. A good tenant does not need or welcome inspections. If there is a problem, they will say so.

From: Echis R 27 November 2021 14:55 PM

Have I missed something here? How can Hexo Services have any financial interest in the outcome of this survey?

From: Echis R 13 November 2021 15:13 PM

Not enough I am afraid! HM Courts and Tribunal also need to confirm that no firing squads will be permitted in the event of landlords and tenants playing football against each other over the same period.

From: Echis R 13 November 2021 14:51 PM

Constantly pushing up rents will ultimately lead to civil unrest. Young people need a life and hope for the future. You cannot just keep taking what you can get away with. The housing stock certainly needs to be increased. I agree on that. As to whether the homes belong to landlords or home owners makes no difference. People need homes.

From: Echis R 08 November 2021 17:43 PM

If you run an engineering business, banks look for 5% above base rates on loans. You get that if you put up personal collateral.

From: Echis R 08 November 2021 16:38 PM

'Diligent and compliant lettings agents' I put this into google translate and had no results. What is this language you speak of.

From: Echis R 04 November 2021 16:13 PM

Want to comment on this story? Yes because it is not a story. It is marketing fluff.

From: Echis R 30 September 2021 17:11 PM

Michael Foley When your tenants are paying off your debts, your financial commitments are zero. You carry risk and that is the game you are in. If you were renting out industrial units, you would face tougher rules and more regulations. Stop complaining.

From: Echis R 30 September 2021 16:48 PM

If you had a tenant with a rhino without permission, I would definitely be with you. Complaining about an undeclared pooch comes across as OCD. Carpets get messed up and cupboards get chewed. In some cases the customers don't need pets for this to happen. That is the price of staying in the game. Are you a professional or an amateur?

From: Echis R 20 September 2021 15:31 PM

Styx Is this about letting to people with a pet cat or dog? Both species have lived with humans for 10's of thousands of years. Aside from a minority of chippy landlords we have found a solution for cohabitation which works for all species. If I was in the market to rent with a pet that eats literally 1,000's of animals, I would look for a house with very thick bars. Other than that, what is a Carly?

From: Echis R 03 September 2021 16:04 PM

Tricia, your sentiments on wanting versus getting comes across as a wish to impose your personal views on people. Don't do that, relax. People who keep animals are not monsters. On balance they are likely to be better tenants.

From: Echis R 26 August 2021 15:38 PM

Properties at £7k a month. There are just not enough of them around.

From: Echis R 24 August 2021 19:55 PM

Cleaning up graffiti should be down to the government and local authorities. If they don't have people to do that, the alternative is better law enforcement. If they are not prepared to prevent or repair the damage done, they need to ease up over rules on citizen justice. I don't support citizen justice because that appeals to the wrong kind of person.

From: Echis R 24 August 2021 16:19 PM

The other side to this is the ROI on the degrees themselves. Living costs, rent and tuition fees come to not far short of £30k a year. They pay this for 3 or 4 years. There will always be winners but most of those would win with or without the degree. Very few commercial organisations would speculatively invest £100k on a punt like this. Universities are selling bad deals to doting parents and teenagers with no life experience.

From: Echis R 08 August 2021 16:04 PM

Quite right. Playing music loud, slamming doors or having rows with your missus is a privilege that must be reserved for owner occupiers.

From: Echis R 22 March 2021 14:33 PM

You are preaching to the choir here Andy. If these people don't have money to pay for a roof over heads they need to be on the street. Its the only language they understand.

From: Echis R 15 February 2021 16:00 PM

"A package of hardship loans and grants is needed as a matter of urgency. To expect landlords and tenants simply to muddle through without further support is a strategy that has passed its sell by date. Ben Beadle - chief executive of the National Residential Landlords Association" We have to accept risk. The income of our tenants has dropped and if the market cannot sustain our current rents we must adapt. Going to government with begging bowls is not the answer.

From: Echis R 15 February 2021 15:47 PM

"I apologised if I had made her feel like that" Fake apologies are annoying as is having strangers wandering through your home.

From: Echis R 15 February 2021 15:20 PM

This fine is ridiculous. How can we trade without letting agents. If fines are taking money off them, they will go out of business. Then we have no way of filling our property portfolios. Who will look after our investments then?

From: Echis R 29 January 2021 18:11 PM

I saw the writing on the wall and I am now diversifying. Some of my money will be going to Direct Bullion. They are Spear's 500 recommended and it doesn't get better than that. The rest my money is going into buy-to-let cars which gives 11%. The first car assigned to me was a 2012 Vauxhall Astra. I have to sort out the clutch but after that it is pure profit. Let's keep trading guys.

From: Echis R 14 January 2021 16:19 PM

Andrew Townshend, I take the point and thank you. The relevant category of renters may be short suited on respect for property and debt. They are also hard up, mistreated and with little to look forward to in life. Landlords who want to take their housing benefit to enrich themselves do so at their own risk. They want the government's hand out money for substandard flats but they want this without risk. That doesn't work. They have a filtering process when taking on new tenants. They can say no or yes but they need to stop whinging and beating up people with nothing in life.

From: Echis R 26 November 2020 17:34 PM

"I am all for the more reasons to refuse benefit tenants the better." Well said David Crisp. We need to move these benefit tenants into shop doorways and cardboard boxes under railway arches. Even that is too good for them, these skiving filthy crooks. As a matter of interest where would you live if you had no money and would you steal for food if you were hungry?

From: Echis R 26 November 2020 16:01 PM

Totally agree Michael. Things like housing support, school food, uniforms, nursery aid etc should be going to bigger tax payers. It is their money.

From: Echis R 25 November 2020 20:16 PM

Robert Brown is right. We are OK and the whole idea is patronising. None of us want hand outs.

From: Echis R 25 November 2020 20:01 PM

David, Is she on a £600,000 salary? If so, that is outrageous.

From: Echis R 07 November 2020 19:40 PM

Richard Murphy is a chartered account and a professor. As such he deserves to be heard with respect. Lets keep it polite people.

From: Echis R 05 November 2020 19:18 PM

Sue. This makes complete sense.

From: Echis R 01 November 2020 18:41 PM

Paul How ever you look at it, BTL is not trading. You sit an asset and hope to make money. That's speculation. Fair enough but call it by its right name. If you have a problem with the plumbing, electrics or roof, you call in someone to sort it out. They are trading.

From: Echis R 29 October 2020 18:09 PM

Your definition of trading is not the same as mine. Trading involves work.

From: Echis R 29 October 2020 16:50 PM

If you are struggling, perhaps you should consider selling the property. There legitimate cases for bailing out some business sectors. Particularly ones that sustain jobs and are prevented from trading due to the virus. Buy to let does not really fall into either category.

From: Echis R 29 October 2020 11:23 AM

Abolishing Section 21 will have little affect on professional companies letting out properties.

From: Echis R 21 October 2020 16:56 PM

If all Landlords sold up tomorrow, prices would become more affordable and homeless families would "spiral" into homes of their own. The same properties do not vanish. Renting out is a professional service serving specific needs. Families need homes and long term security at affordable prices.

From: Echis R 21 October 2020 16:38 PM

We need to set rents at levels that customers can afford. We should not be going to the government with begging bowls.

From: Echis R 25 September 2020 17:26 PM

Everyone should be mad-keen to stop evictions. It is a devastating event for people on the receiving end. A small minority are chancers taking the proverbial but most are good people who have hit a rough patch.

From: Echis R 28 August 2020 21:36 PM

Paul, fair points but this is similar to the Laffer curve conundrum. Above a certain level, the higher the asking price, the less income is made (on average).

From: Echis R 28 August 2020 21:20 PM

The root of the problem is that rental costs have outstripped what the market can really afford. Tenants take on a properties they cannot afford and then fall into arrears. They get evicted and left with CCJ's. The owner is out of pocket. No one wins. The average return on property is a lot lower than the headline numbers. Scaling back rental prices will lead to a more stable and healthier market.

From: Echis R 28 August 2020 20:45 PM

Breaking News