SECRET of 47 years in landlording is ‘vetting and gut instinct’

Few landlords can boast of having the same tenants they started out with, but some of Marion ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - SECRET of 47 years in landlording is ‘vetting and gut instinct’ | LandlordZONE.

SECRET of 47 years in landlording is ‘vetting and gut instinct’

Few landlords can boast of having the same tenants they started out with, but some of Marion Money’s tenants have been with her since 1974.

Marion comes from a landlording family in Kent and recalls that rent controls and sitting tenants meant few people were investing in the PRS during the ‘70s.

But she saw the potential for buying older properties and converting them, and has steadily grown her portfolio of commercial and domestic properties since then.

Marion puts her success and longevity down to careful vetting as well as using gut instinct; she often finds new tenants through word of mouth and has ended up with extended families in a number of her properties who appreciate having a reliable, caring landlord – and one who happily accepts pets.

Marion has been lucky in that she’s only had two tenants in difficulty during ; one has since started paying full rent again and she has been helping out the other. Under Housing Benefit rules, the tenant was supposed to move into a bedsit but Marion has told him he can stay in his flat.

“He has children who wouldn’t have been able to stay with him if he’d moved, so I thought he would be in a better place mentally to remain where he is, so I’ve just decided to take a hit on the benefit,” she tells LandlordZONE.

Complex business

Marion has represented the in the South East since 2007 when she started liaising with local councils. “One told me that before speaking to me, they’d never met a good landlord because they’d always dealt with rogue ones,” she says.

“Since then, I’ve helped introduce lots of good landlords to councils and given them the confidence that landlords are doing their best to comply with regulations, and it’s been great to see relationships develop.”

She adds: “Being a landlord is a complex business, but I can help them keep up with the legislation.” 

Marion is now keen to get face-to-face meetings going again, as well as supporting landlords who have expressed an interest in helping resettle Afghan refugees.

Meanwhile, she is happy to continue managing her portfolio and has no plans to expand, adding: “My next decision will probably be about how we get the next generation more involved in our business.”

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - SECRET of 47 years in landlording is ‘vetting and gut instinct’ | LandlordZONE.

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BREAKING: Government’s latest ‘green homes deal’ revealed

The government has launched its Heat and Buildings Strategy, heralding a cheap clean heating revolution and promising ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - BREAKING: Government’s latest ‘green homes deal’ revealed | LandlordZONE.

BREAKING: Government’s latest ‘green homes deal’ revealed

The government has launched its Heat and Buildings Strategy, heralding a cheap clean heating revolution and promising to make heat pumps no more expensive – or even cheaper – to buy and run than gas boilers.

Home owners will receive government grants of up to £5,000 from next April to buy the pumps to replace their old boilers over the next decade through a new £450 million three-year Boiler Upgrade Scheme.

The government and industry will work together to help meet the aim of heat pumps costing the same to buy and run as fossil fuel boilers by 2030.

Business and Energy Secretary Kwasi Kwarteng (pictured) says recent volatile global gas prices have highlighted the need to double down on efforts to reduce Britain’s reliance on fossil fuels and move away from gas boilers over the coming decade to protect consumers in long term.

Phil Hurley (pictured), chair of the Heat Pump Association, says the industry is now ready to retrain the UK’s army of installers with the capacity to train up to 40,000 per year, to ensure consumers can find suitably trained and skilled heat pump installers.

He adds: “Today’s announcement will give industry and installers a huge confidence boost that now is the time to scale-up and retrain in preparation for the mass roll out of heat pumps, as well as making heat pumps as affordable as boilers, so all consumers can soon access and enjoy the benefits of affordable, reliable low carbon heating that stands the test of time.”

However, Dave Sheridan, executive chairman at Homes England-backed modular house builder Ilke Homes, says the new strategy must be more ambitious in its goal to decarbonise the UK’s housing stock.

“To avoid huge retrofitting costs, policymakers must prioritise the delivery of zero-carbon new homes now by bringing forward the requirement to reach the Future Homes Standard ahead of 2025,” says Sheridan.

“The government’s target of installing 600,000 air source heat pumps in UK homes by 2028 is achievable as half of those should be in new homes. The sooner we move to these low-carbon technologies, the sooner we can bring down capital costs.”

Green Homes Grant

Kevin Wellman (pictured), CEO of the , tells LandlordZONE that he would like to see a viable alternative introduced to the .

“It is important that any schemes are easy for landlords and qualified installers to access, as there is a real danger of a miss-match between supply and demand,” he says.

“In order to achieve the government’s aspirations for net zero, 100,000 installers need to be upskilled in low carbon technologies.”

Many landlords believe the targets are wishful thinking and that its aim to see all rented properties raised to an energy rating of band C or above by 2030 is a ‘’ unless upgrades are backed with financial and practical support.

Read the Commons guide to the

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - BREAKING: Government’s latest ‘green homes deal’ revealed | LandlordZONE.

Source : Landlord Zone More   

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