I’m fascinated by what you do with HMOs, and you often talk about putting the business on ‘autopilot’.
I can’t help thinking that dealing with evicting tenants, going off to court, dashing out at nearly midnight to sort out the noise problem – that doesn’t sound like autopilot, that sounds like hard work!
So what I want to know, how do I run an HMO without having to deal with those sorts of hassles?
This is THE big reason I don’t have any HMOs, only normal houses rented out.
Simon
# 24 April 2009 at 5:17 am
Mike Johnson said:
Hi Matthew – nice vlog. And very intereting that the judge seems to think that you may have served the wrong eviction papers because you were using a licence agreement and not an AST. This begs the question, if you do use a Licence Agreement, what is the legally correct procedure/paperwork for evicting a tenant?
I curently use ASTs but am thinking recently that I might change to LAs as the AST gives tenants to many rights and the landlord too few – especially in an HMO situation where the landlord needs full access rights to manage the property properly.
What are your thoughts?
# 24 April 2009 at 5:41 am
Matthew Moody (author) said:
Hi Simon,
thanks for your message.
The issues I mentioned are the first time I’ve had to do that for a LONG time. Its not normal but due to a new property manager I took on, I’ve had to do a bit of hand-holding recently.
In terms of hard work, I guess it depends on your perspective of hard work and return. That particular house with the noise problem makes about £450 pcm NET cashflow – and we have one room vacant right now!
# 24 April 2009 at 1:45 pm
Matthew Moody (author) said:
Hi Mike,
You basically need to issue a Notice to Quit which gives them 1 months notice to leave the proeprty – meaning that they basically get about 17 days extra before you can take them to court.
We’ve put together an argument which states that a notice to quit was issued (by the tenant) which I am hoping will be enough to get her out.
Tony – yes thanks – its soon, soon, soon – for evicting tenants.
I am amazed that you could do a vblog while driving. Did it need lots of takes?
What equipment did you use for that recording?
# 25 April 2009 at 9:58 pm
mike davidson said:
Hi Matthew, good to see somebody who isnt afraid to talk about the real problems faced by landlords and property investors. You didnt have to post about a somewhat failed first attempt at court but you did anyway, my hat is off to you. This is reality. Give me this rather than 9 to 5 any day of the week, perseverance pays. Incidentally cant the tenant claim LHA if they are no longer working?
# 27 April 2009 at 4:29 am
Matthew Moody (author) said:
Thanks for the comments – keep ‘em coming
Tony – I use a Flip Video on a little bendy tripod – its great. And no, it was one take!! I edited about 30 seconds I think to get it all in under 10 minutes! You can get them from Amazon for about £80
Mike – well you know me, I do like to tell it how it REALLY is and I’m happy to share my experiences so other landlords can learn and avoid them!
Yes, you’d think that anybody with any degree of sense would apply for LHA wouldn’t you – but clearly not…
Next court date is Wednesday and my lawyer is drawing up a legal argument for me – I can’t wait.
Hi Matthew
Sorry to hear about the outcome at Court.
Sound like you are following my motto of – Never, Never, Never… Never give up (Winston Churchill) ; -)
Tony
Hi Matthew
Great video!
I’m fascinated by what you do with HMOs, and you often talk about putting the business on ‘autopilot’.
I can’t help thinking that dealing with evicting tenants, going off to court, dashing out at nearly midnight to sort out the noise problem – that doesn’t sound like autopilot, that sounds like hard work!
So what I want to know, how do I run an HMO without having to deal with those sorts of hassles?
This is THE big reason I don’t have any HMOs, only normal houses rented out.
Simon
Hi Matthew – nice vlog. And very intereting that the judge seems to think that you may have served the wrong eviction papers because you were using a licence agreement and not an AST. This begs the question, if you do use a Licence Agreement, what is the legally correct procedure/paperwork for evicting a tenant?
I curently use ASTs but am thinking recently that I might change to LAs as the AST gives tenants to many rights and the landlord too few – especially in an HMO situation where the landlord needs full access rights to manage the property properly.
What are your thoughts?
Hi Simon,
thanks for your message.
The issues I mentioned are the first time I’ve had to do that for a LONG time. Its not normal but due to a new property manager I took on, I’ve had to do a bit of hand-holding recently.
In terms of hard work, I guess it depends on your perspective of hard work and return. That particular house with the noise problem makes about £450 pcm NET cashflow – and we have one room vacant right now!
Hi Mike,
You basically need to issue a Notice to Quit which gives them 1 months notice to leave the proeprty – meaning that they basically get about 17 days extra before you can take them to court.
We’ve put together an argument which states that a notice to quit was issued (by the tenant) which I am hoping will be enough to get her out.
Tony – yes thanks – its soon, soon, soon – for evicting tenants.
hope this helps
Matthew
I am amazed that you could do a vblog while driving. Did it need lots of takes?
What equipment did you use for that recording?
Hi Matthew, good to see somebody who isnt afraid to talk about the real problems faced by landlords and property investors. You didnt have to post about a somewhat failed first attempt at court but you did anyway, my hat is off to you. This is reality. Give me this rather than 9 to 5 any day of the week, perseverance pays. Incidentally cant the tenant claim LHA if they are no longer working?
Thanks for the comments – keep ‘em coming
Tony – I use a Flip Video on a little bendy tripod – its great. And no, it was one take!! I edited about 30 seconds I think to get it all in under 10 minutes! You can get them from Amazon for about £80
Mike – well you know me, I do like to tell it how it REALLY is and I’m happy to share my experiences so other landlords can learn and avoid them!
Yes, you’d think that anybody with any degree of sense would apply for LHA wouldn’t you – but clearly not…
Next court date is Wednesday and my lawyer is drawing up a legal argument for me – I can’t wait.
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