Make Sure the Price is Right on Your Residential Letting
With so many people entering the Buy to let market in the UK, Ireland, France, Spain and other countries it is very important get the rental price competitive. This applies just as much if it is a long-term letting or a self-catering holiday rental. If you have just purchased a residential letting property and have a mortgage you naturally have to cover the payments, but regardless of a mortgage to service, if your property is over priced renters will not pay a higher price. The only time when this can happen is when there is a small supply of property and big demand for that that type of letting. In the UK a tenant will still have to pay gas, electricity, water, Council tax, telephone and insurance on top of the monthly rent. In other words a rental of £650 per month means £900 per month of total outgoings. Many Landlords do not realise this and think that all the renters have to pay is the rent to them. A landlord who insists that their property is “worth” £X per monthand in reality they have been advised by the professional agent it is only worth £-X can have problems. If it stays on the rental market for a while at a price that is too high they will never make up the lost rental (unless there is galloping inflation). It can of course be a totally different scenario with a property that is being sold; particularly if property prices are rising in the area or country. With a self-catering holiday rental you have to offer the property on what the ”market will pay”. Your property just might be located in area whereby there are seasonal or (one time) events when beds are at a premium and to be able achieve a much higher price. (Wimbledon- England for the tennis, Monaco for the Formula one Grand Prix, Cannes, France for the film festival, Cheltenham-England for the horse racing in March etc.) At other times unless your property’s price is competitive it will remain empty more often than full. If you are using an agent, take advice from the agent. They are normally local to market conditions for long-term rentals and for holiday rentals a specialist agent will have studied your area and keep rental values up to date. If you are using the Internet as a guide spend some time researching. Use a search engine to find a rental agent in the area your property is located in or for a self-catering holiday rental get comparables from a site like jmlvillas.com. Finally remember with the long term rentals market that although some people are prepared to make an offer, don’t pitch the price high so that you think you will get a Tenant wanting to make an offer. They don’t necessarily do that. Many people wanting to rent think that prices advertised are fixed and the owner won’t negotiate or they don’t even think to go down that route. They will look at the next available property in “their price bracket”. This is rather like shopping in the High Street. They will only pay the price the “goods” are being offered at in the window. With a holiday rental,it is very rare for a holidaymaker to make an offer; they just purely search in their price bracket. Philip Suter is a Director of JML Property Services http://www.jmlproperty.co.uk a UK based company offering Insurance products on line at http://www.jml-property-insurance.co.uk and a holiday home advertising service http://www.jmlvillas.com and management training within the uk. He is a very experienced property consultant with over 30 years work in the Residential letting business in the UK and served on the National Council of ARLA. He is a Fellow of the National Association of Estate Agents (NAEA) and a Member of The association of Residential Letting Agents (ARLA) |
Other Horse Racing Tips Articles
The Long & Winding Road to the Roses It's a long and winding road to Churchill Downs and the first Saturday in May, but the Thoroughbred set is atwitter about Breeders' Cup Juvenile champion Stevie Wonderboy, who is slated to make his 3-year-old debut Saturday in the $150,000 San Rafael Stakes at Santa Anita.No Juvenile champion has ever gone on to capture the Kentucky Derby ...Mini Moto Engine Industrial engines. They are still used by several manufacturers (most notably Blata on their entry level bike) and typically produce between 2.5 and 3.5 horse power (hp). All are air-cooled. Tuning and performance parts are very limited.The Chinese 47/49cc. These engines are used in the Chinese made mk2, and mk3 minimotos. They are air c ...Gambler Loses Twice - Thanks To Tax Court Jimmie Clemons, retired, received a Form W-2G reporting $44,800.00 in winnings from a casino. As his gambling losses for the year were more than $44,800.00, he did not report any winnings or losses on his 1040.The Tax Court, in Jimmie L Clemons T.C. Summary Opinion 2005-109, upheld the IRS position that gross gambling winnings must be re ...SEO: How to Rank Number 1 in Google Starting your own web based business can be a great money making idea and lots of fun, but if you want people to visit your site you really need to know what you are doing. There is a ton of materials on the internet about how to bring web traffic to your site, but starting off with a good foundation makes it all much easier. 1) D ...The Dubious Immorality of Online Gambling The recent back-door legislation which outlawed online gambling in the USA has been championed as a moral cause. This is in direct opposition to a Gallup Poll taken earlier this year which found that 60 percent of adults believe gambling is morally acceptable.Chief sponsor Jim Leach (R-Iowa) has called it one of the most important pieces ...Types of Horse Races Horse Races come in several types, namely, stakes, handicap, allowance, claiming or maiden races. Each one of these have important differences in terms of the types of horses entered into the race, as well as how horse owners and trainers will decide to run their horse in the race.Stakes races are those which occur annually, offer very la ...The Majestic Arabian Horse Bedouins believed that the horse was a gift from Allah. It was to be cherished, revered, almost worshipped. The Arabian horse has been bred for centuries, with its beginnings in the oases around the Tigris and Euphrates Rivers in the countries known in our modern history as Iran, Iraq, and Syria, as well as other parts of the Arabian Peninsula ...The Belmont Stakes – The Third Jewel in Horse Racing's Triple Crown With both Kentucky Derby winner Barbaro and Preakness winner Bernardini out of the race, the 138th Belmont Stakes, horse racing’s final leg of the Triple Crown, appears to be up for grabs.This year’s best prospect for the Triple Crown, Barbaro, is recovering from a life threating injury sustained in the Preakness. In 131 years of horse r ...White Sun (The Soul) We are basically very egoistic beings sometimes to the extent of becoming like animals in this modern time. Look at the way we fight amongst ourselves to attain all those worthless materialistic wants. Senseless fight for social recognition vide material acquirement, setting aside all moral values, forgetting that we are sentient beings with con ...Animals, Fitness and Us “Do you ever hear of animals gratifying their desire or need for artificial exercising at a gymnasium?” asks Joseph H. Pilates, developer of the Pilates Method, in his book “Your Health”.When I first read this I imagined my dog Wendy saying, “Of course not! How boring! Why would anyone want to spend hours on a treadmill or lifting weight ...Lottery a Mugs Game - Mugged by the Fat Cats Winning the National lottery has to be every ones dream, who says money can't buy happiness? I am afraid I beg to differ. The odds are against the few who states otherwise. Taking responsibility of new found status of being a millionaire is enough to put a smile on the face of any rags to riches punter.Is there any proven Pick 3 method t ...September's UK Horse Racing Action Punters are in for a busy time of it in September as the Flat racing season moves swiftly into its autumn phase starting with the William Hill Sprint Cup, a Group1 contest over six furlongs at Haydock on Saturday September 2.Class has traditionally been the defining factor in this well-contested sprint course and it’s therefore no surpris ...Is There Really a Statistical Approach to Betting the Horse Race? Have you ever wondered if there is a way to statistically approach betting on a horse race? Do you want to make money by betting on horse races? Is there really a statistical approach to betting the horse race?Making money on horse races is not as risky as it sounds. There are ways to study the odds and know your bets. There are ways ...Bicycles - Transport At Its Best Imagine walking everywhere in this day and age. I hear you laugh with a degree of decision. Do we walk enough? Medics perhaps would not think so. We rely so heavily on transport in so many varied ways nowadays, walking is no longer a practical option. We tend only to use walking as a form of exercise nowadays rather than a necessary form of ...Investor Profile: Warren Buffet's Early Years Warren Buffett was the only son of the Howard Buffett and Lelia Stahl. Leila worked as both a clerk and secretary and after her marriage has a homemaker and mother. Howard worked as an investment broker and spent four terms in Congress as a U.S. representative. He was elected to “Congress in 1942 with a pledge to keep FDR from "fasten[ing] th ...Gambling Myths 101 Myths and rumors come with every gambling game. However undesirable, they can be a good source of recreation. The major cause of these beliefs and tales is the uncertainty related with gambling.Slot machines were first played in the late nineteenth century. Since then the machines have changed with more reels and increased number columns ...An Education In Pinhooking I get this email last September from our off-track trainer wanting to know if I would be interested in going in partners with her. The idea is to buy a Thoroughbred yearling at the Barretts Preferred Yearling sale coming up next month then sell it at their May, Two-Year-Olds In Training sale. She would provide the training up to the sale and I w ...Barrel Racing for the Fun of It Here is a sport for everyone. This activity offers to its enthusiasts the relaxation of the outdoors coupled with the excitement of speed and the unparallel connection with an animal many times larger, stronger, and faster than the individual mounted on top. The only judge involved is the clock. You wont find any style preferences, attitude, or ...A Horse Racing Certainty - Beware They Don't All Win I have been gambling since around the age of sixteen. I see it as a bit of a hobby and really enjoy playing poker and bragg. I go to the casino as often as I can and also love to go to the horse racing and to the greyhounds. This article is a story about when I lost a lot of money on a horse which was supposed to be a racing certainty.As ...Vermont State Fair Fills a Small State with Big Fun During the first 10 days of September the small state of Vermont is aglow with the lights from its state fair in Rutland, Vermont. The admission prices to the fairgrounds are about the average price compared to that of other state fairs; maybe even a little cheaper when you include the family day, dollar day and patron appreciation day. Family ...Horses - Affirmed In the crazy world of horse racing the one thing we had yet to see going into the 1978 horse racing year was back to back triple crown winners. That was about to all change because of a horse by the name of Affirmed.Not only had there never been back to back triple crown winners but no horse ever had to beat the same rival in all three l ...Sports Handicapping Articles: Toronto Raptors Early 2006 NBA Season Analysis For a while, Toronto did okay without Vince Carter. It was in 2001-2002 that Toronto won 9 in a row and advanced to the playoffs without Carter. Nowadays it’s hard to tell if they’re better off. Yes, Carter was biding his time in Toronto. But now the Raptors are the worst team in the league and are looking for another franchise player.The ...English Lake District Traditions There is little doubt that those who have visited the regions of the English Lake District and Cumbria will recall and recount with pleasure the images of the lakes, mountains and tarns which together are the fundamental components of this beautiful area.There may also be some damp memories of a place with an above average rainfall. A phl ...Horses - Getting Started with Barrel Racing Barrel racing started as a sport for women who wanted a challenging event to compete in. They set 55-gallon barrels in a triangular pattern and raced around them taking two left turns and one right turn. Barrel racing today is more competitive. It takes more to win a race than just a fast running horse. The horse and the rider must be physic ...Playing the Sway Game With so much opposition to their plans, many people are wondering if ISC’s dreams of building a Nascar Track in Staten Island will ever become reality. As we ponder over this question, there are many more questions in the minds of the ISC team of people who are struggling not only to realize this dream but also to pacify politicians and resident ...How to Spend Less and Have a Great Time in Dubai So you want to go to Dubai but have heard how expensive it can be for both vacationers and business travelers alike? If that's what you've heard, then whoever told you hasn't experienced Dubai. Here are some money saving tips that can cut your Dubai budget in half. Shopping in Dubai If shopping is your pleasure, then Dubai i ...Vacation in Dubai Dubai is such an exciting and diverse travel destination that it attracts millions of visitors annually – particularly during the winter months when the weather is perfect for every single activity from sunbathing and scuba diving to camel racing and desert safaris.If you’re planning a trip to Dubai here’s a guide to the types of attracti ...Travel To Macau And The Cotai Strip, China Macau is a small peninsula region in China, southwest of Hong Kong. There are scheduled boat charters to and from Macau and Hong Kong throughout the day. It is an easy day trip from one place to the other. If you are planning a trip to Hong Kong, you should strongly consider spending a little time in Macau as well.The total population of ...Horse Riding Exercises – Circles and Bends Every horse riding exercise is based on the circle exercise. Circles help the horse to be able to bend equally in each direction, and this also helps the horse maintain straightness.Circles are a very important part of any dressage test - a dressage test at all levels will include combinations of circles of varying sizes, at different pa ...Be a Sharp Gambler The gambling world is full of people who just throw down hard earned money without thinking about what they are doing. Are you one of those people who will just go with the flow? If so, you are most likely a losing gambler or you are not winning as much money as you could be. There are three main factors that make up every successful gambler ...Horses - War Admiral Sometimes the sons of the fathers surpass the accomplishments of the father. Such was the case with one of the greatest races horses of all time, the son of Man O' War, War Admiral, who went on to become racing's 4th triple crown winner.War Admiral almost wasn't the 4th triple crown winner. He was almost the 5th. Owner Samuel Riddle, o ...How to Win at Poker - Tips for the Beginner Poker is one of the few games where a player is judged a winner based on how much money they have won, not by the number of hands that they have won. While Poker is very much a game of acquired skills and not luck, this doesn’t mean that a beginner can’t also be a winner. This is what makes poker such a popular card game.As a beginning ...
|
