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Government Declares War On Landlords
Already 2010/2011 is beginning to spell a period for landlords where letting properties will be stricter and tenancies more regulated…
Take the recent declaration by the TDS, the governments appointed Tenancy Deposit Administrator. Whereas in the past landlords were charged only £5 per tenancy – a fee which landlords normally factored into their tenancies - the TDS has now decided to implement a 400% rate increase bringing fees up to £20-£30 per tenant.
When the TDS was first conceived back in 2007 to help protect tenant deposits, it was never realised that should tenants be given the freedom to contest anything at no added cost and be offered a 90% success rate, that they would dispute anything and everything.
Yet 3 years on, tenants have contested landlords for as little as £5 – the exact same tenancy fee required by the TDS. However YOU don’t have to fall into this trap…
Fortunately such rate increases don’t have to spell bad news for you, your tenants or your rental incomes
Attend one of our FREE property courses today and you too can easily cover the entire cost of these rate increases - ALL without having to encroach on your tenant’s rental payments – and offer your property portfolio the continued support of our property income guarantee, extensive property experience and financial advisors.
We guarantee it will be the most profitable 2 hours of your life.
More about the author of this article
Bindy Jhooti, Property Mentor Delegate
With a total of 4 properties generating £2700/month profit Bindy Jhooti joined Property Mentor after 25 years building a conventional business with a £4m annual turnover. He wanted to start generating a passive income and saw that property was the best choice. As a professional investor people should realize that they need to invest into knowledge before they invest into property. The returns are amazing! Read more
To see a full list of our writers and find out more about them please visit the authors page.
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Keeping you up to date with the latest property investment news is just one of many ways that we ensure all of our investors get the most from their properties. On our FREE property courses we will show you how we made a success of investing in property, and what you need to do to replicate this success.
The strategies that we teach apply to everyone - if you are new to property you need all the advice you can get, and if you are an experienced investor you never stop learning.
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