With the ever increasing number of landlords coming to us to take action against tenants they have sourced themselves, NGU Homelettings has positioned its self as a market leader in possession cases across the North East.
How do you speed up possession proceedings by 14 days?
If you get to the stage where you have had to take your tenant to court and you are awarded possession back for your property, nine times out of ten based upon this judgement, the judge will award possession in 14 days. The Housing Act states for a section 8 and 21 notice, 14 days’ notice is required.
Predicted Rental profit pcm after costs: £250.00 pcm
Wardley, Gateshead- North East Investment.
You buy the property, we can organise the refurb. The property will go up in value because we have refurbished it.
You could potentially use a re-mortgage finance strategy that allows you to re-mortgage the property via a Buy to Let mortgage after 6 months and only leave “Little Money Left In”.
You can recycle back out of the property and buy your next Buy to Let property:
High quality property development and maintenance services at low prices for rental properties in the North East.
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We are a one stop for property development for landlords and property investors. SIX game changing reasons to use NGU Property Refurbishments
1. FIXED PRICE REFURBISHMENTS
If you are buying a property to – refurbish – sell – and make a profit we can cost the development so you know exactly how much it will cost- anywhere in the North East. .
Landlords will be required by law to install working smoke and carbon monoxide alarms in their properties from October 2015.
The changes to the law will require landlords to install smoke alarms on every floor of their property, and test them at the start of every tenancy.
CARBON MONOXIDE ALARMS
Landlords will also need to install carbon monoxide alarms where a solid fuel heating system is installed.
Here at NGU Homelettings we have took the stance that carbon monoxide alarms should also be installed in high risk rooms as well. Therefore from the 1st October, any properties that become vacant will have a carbon monoxide alarm installed where there is a gas fire or a boiler in a bedroom.
Predicted Profit after ALL costs once sold: £10,660.00
Comparable – SOLD PRICES- same street
Chester le Street, DH2 £69,475 2 bedroom May 2011
Chester le Street DH2 £84,825 3 bedroom Oct 2006
You buy the property, we can organise the refurb. The property will go up in value because we have refurbished it then you sell the property on the open market through our award winning Estate Agency, NGU Homesalesonline.co.uk.
The slip point principle is the 1 degree of difference between a successful property investment and amateurs. Property investment should always be: Rock Solid Property Investment.
I wanted to share with you a recent property I found on RIGHTMOVE- Anthony Street, Easington. At £18,000 and the potential of rents of £300-£360 it looks a fantastic yielding property!
HOWEVER- as a property investor there is a key thing you need to consider:
Limited Owner Occupier Areas:
Extremely low valued properties will provide great headline high rental yields but more often than not, such headline figure cannot be achieved through voids and the type of tenants these areas attract.
Maximising your rent is not just about front loading e.g. what rent you can achieve from the start of the tenancy. It is also about making sure that you have reliable tenants who want to stay long term. Void periods, rent arrears and damages caused by tenants will eat away at your rental profits a lot more than holding out for the highest rent.
So with this in mind – 5Top Tips ForMaximising Your Rent- Explained
1. Show Case Your Property
Make sure your property is advertised in the best possible way it can be. Obvious ones are to open the curtains and make the rooms look lighter. If you are taking pictures of the bathroom areas – make sure the toilet seat is down! Stage your rooms- make them appealing to live in.
House In Multiple Occuaption Deal – Released 3pm: HEADLINE FIGURES
Current market value: £95,000
Predicted end market value: £140,000
Rental profit pcm after costs: £708.13 pcm
You buy the property, we can organise the refurb. The property will go up in value because we have refurbished it and made it into a 5 bedroom House of Multiple Occupation. You pocket £708.13 profit per month from the rent after all costs.
To enter into this deal you need £65,000 initial capital.
After refinance, the potential to only leave £13,800 in the property- the rest comes back to you.