Benefits of Buying Luxury <b>Rental Properties</b> in London
AppId is over the quota
Syndicate this article
Posted By: quintessential
More and more property owners in London are now planning to put up their property for rent. The return on investment on property rent in London is on the rise. The reason behind the demand for luxury rentals is the increase of population in the capital and the UK, there are more renters then ever which makes it a great time to consider renting your luxury property.
The demand and supply of luxury properties for rent in London has seen a dramatic shift, perhaps in part due to coming Commonwealth Games in 2012. There has been a gradual downfall in the quality of luxury real estate available for rent in the market. London is one of the major cosmopolitan cities in the world, and also a popular destination for vacation property rentals as well as residential rentals.
It has become increasingly difficult to find a good property marketing company that can help you to find the property of your choice. Some time back, number of tenants who were looking for a rental property had gone down, also, a large number of tenants in London are looking forward to extend their contracts with their landlords.
There seems to be a shortage in luxury properties that are available for rent in the city. Many property marketing companies in London are actually experiencing high renewal rates and high demands in new luxury rental properties. knowledgeable organizations have conducted research projects to understand the needs from the perspective owners perspective allowing the agents and luxury real estate owners to find the best tenants.
Research results show that property available for rent is very low which makes find a good tenant easy for property management companies. We must consider that people these days are spending less on buying property, therefore, the demand for rentals has gone up. Property management company can also help people who are ready to buy property find the right one, its always a easy task to find the right one that fits all your needs. With the great mortgages rates its a good time to buy if you have the resources to buy luxury rentals for sale now.
There is actually a higher number of tenants looking to rent than there are property for rent, making it a great opportunity for luxury rental properties in London to make a good return on their rental residence. According to some property marketing companies, stock is an issue in the market for rental property. All of a sudden, there seems to be a huge demand for luxury real estate in London.
Many property owners are actually sitting on the fence so that they can jump in at the right moment to make the highest gains. This is another reason why there is a rise in demand among tenants. Property developers are building thousands of luxury properties. The recession is also another factor why there was a decrease in the number of new properties being built. Consider a rental property management company to help you find the right tenant at the right price.
About the Author: Quintessentially Estates is a property agent offers the widest selection of luxury rentals properties, real estate property marketing and exclusive properties management services in London. For more information visit: QuintessentiallyEstates.com.
Article Source: http://www.articleshub.org/article/117045/Benefits-of-Buying-Luxury-Rental-Properties-in-London.html
<b>Rental properties</b> and the London Olympics | Samizdata.net
AppId is over the quota
Wednesday
Rental properties and the London Olympics
I live in the Westminster area of central London - Pimlico to be exact - and I am planning to get out of London next year when the Olympic Games are on and spend some time with my Dad and also travel abroad to get away from the mayhem. Luckily, my job enables me to work remotely for a while.
Sometimes, when friends ask me about this, they ask if I am thinking of letting out my property for a couple of weeks or whatever, and earn a bit of extra cash to compensate for the cost of paying for the Games and the associated hassles. In general, I am against the idea of letting my place to strangers, and would only consider letting it to people I know and trust. (I am worried about strangers stealing my entire Robert Heinlein collection, 50th anniversary Playboy album and cufflinks. You know how it is). However, it turns out that Westminster City Council has decided to kill the idea anyway - people who let properties for short periods without permission will, it says, be fined. Other London boroughs are taking a more liberal line.
I was not aware that to let out my property for a few days or weeks was something that the council had any power to prevent. Now we know better, alas.
Suppose I decide to let my Dad house-sit my place for a few days, or let other relatives use my place and possibly reimburse me for the electricity, gas and water bills. It appears that the council officials are entitled to check who is in properties during the Games and make sure they are not being used illegally as rentals.
Of course, some people will chance it and let their places out. I must say, Britain is becoming more like East Germany. That country liked its Olympics, if I recall.
The next time anyone talks about the UK and property ownership, please try not to laugh.
Update: The commenter Laird asks if we could legally challenge this edict. I suppose it is possible.
To MacQueen: Build a Mosque and they will come.
I suppose it's foolish to ask whether it would be possible to bring some sort of preemptive lawsuit to have the Council's edict declared either legal or illegal?
And what about all those people who rent out their properties for Wimbledon fortnight…and make an absolute fortune.
I assumed initially that they would get you for not having fireproof sofas, or wheelchair ramps, or something, but it seems from the article that planning permission is required for a short term let.
It seems a fairly obvious observation that Westminster has a number of substantial hotels and Haringey (which the article says isn't bothered) has only a few cheap flops.
Gah! What a complete moron.
This is an almost precisely corrolary to employment law: make it harder to fire and people will be more reluctant to hire in the first place.
In this case, make it harder to leave and people will be more reluctant to consider to moving in.
And this woman says she is in charge of "planning"????
Can someone explain what law, local or national, allows a local authority to decide who a homeowner can have in his or her house?
Local authorities can, quite rightly, forbid sub-letting of council properties: but as far as I know they can't do anything to stop property owners letting to whomever they want, provided taxes are paid and account taken of laws on nuisance and the like. I have a property outside London which I let out and no-one has ever suggested that I seek ‘permission’ to do so.
Maybe I’m naïve and there are such laws, but could this be just another piece of slovenly and misleading MSM journalism?
@Chris, I wondered that too.
The central problem seems to be that councils can decide for themselves what activities or actions require planning permission. No doubt there is some catch-all provision in the law, which allows them to do this.
They use it all the time to extend the tentacles of their control to all sorts of things that "planning" was never intended to cover.
It's time they were stopped, but of course we have a local administration which is determined to extend and enforce central control of everything, so they won't be stopped.
Authoritarianism rules OK!
They use it all the time to extend the tentacles of their control to all sorts of things that "planning" was never intended to cover.
They use "Conservation Area" in the same way. I attempted to lease a shop many years ago and found that a perfectly ordinary run of about half a dozen buildings, no different from those either side or opposite, had been designated such simply so the council could exert greater authority over what businesses were allowed to trade there.
So now it is a crime to let out your house of flat for a couple of weeks.
Just when I think things can not possibly get any more demented - they do.
As for targets....
Yes there are "targets" and "plans" concerning everything.
This is BRITAIN.
I just looked up the legislation in France. I can't see anything that would prohibit "location saisoniere" provided the place meets normal rental requirements (mostly to do with fire hazards).
In fact, for seasonal lettings, such as for the Olympics or university students during term time, the only regulations are from article 1713 of the Civil Code (not very good translation here http://www.legifrance.gouv.fr/html/codes_traduits/code_civil_textA.htm):
"One may rent all kinds of property, movables and immovables."
The following articles state how courts must act if there is a dispute over an unwritten agreement, and specify that sub-letting is always allowed, unless specifically prohibited in the original contract.
French codified law 1, English Common law 0.
Interesting to note (once again) how the Civil Law requires affirmative approval to do something (i.e., the implicit starting point is that everything is prohibited unless expressly permitted), whereas the Common Law takes the opposite approach and presumes that you can do anything unless it violates some positive law. I used to think that the Common Law approach was superior. Silly me.
Who are these people who keep doing these things to you? Are they elected? Do you keep reelecting them? Why don't they get voted out?
Just curious..
And where do you live, Choey? Just curious...
Errr Antoine remember how the French Civil Code may be trumped by any government statute (just like English Common Law).
For example, the "Code du Travail" adopted in France in 1912, the first major step away from the free labour market of the old code.
So a better description would be.....
English Common Law - zero.
French Code Law - also zero.
Neither prevents the government creating new laws - even once that blatently contradict the old laws.
Where government can rip up the, basic, laws - then freedom is (at best) provisional.
It exists till anti freedom whims come to influence government policy.
"But where can government not do this?"
Now?
No where.
That is the problem.
How to have a free country.
First have a good laws (laws that establish the principle of justice - i.e. to each their own) and ENFORCE them.
But also prevent these laws be changed on whims - either by "interpreting" judges, or by governments simply passing statutes or regulations that undermine the basic limits on government power (the protections of civil society).
Changing the fundemental laws should be a profound process - difficult and lengthy.
Otherwise freedom will just be a passing phase - to be swept away by changing fashions.
I can rent out my flat just outside Paris for as much money as anyone is willing to pay, for as short a period of time as I wish.
No doubt the French government COULD pass a law doing what the City of Westminster has done.
But it hasn't, and surely wouldn't if the Olympics had been awarded to Paris.
<b>Rental Properties</b>
AppId is over the quota
1st of all, the question is do you actually want a finance tax lawyer? For most folks that live off their pay check with out any investments or other taxable earnings, there shouldn’t be any want for a single. For men and women that have difficult investment portfolios, rental properties, property based businesses, or other types of revenue, then you most likely ought to think about hiring one. If you are the legal representative of a company then you will clearly require a good finance tax attorney.
A finance tax attorney should have a extensive expertise about tax laws. They have to be able to give the correct tax tips to people, as properly as representing their clients in court for civil or criminal lawsuits. They are also professionals in tax arranging that can assist you strategy your finances so that you pay the legal minimum quantity of taxes.
IRS Tax Penalties
One very good purpose to hire a tax lawyer is to help you prevent the several IRS tax penalties. There are so numerous doable tax penalties many people don’t know about most of them but they can land you with civil or criminal penalties. In truth, without the aid from a tax lawyer your tax debt could double in as tiny as 4 years due to penalties and interests.
Some of the civil penalties are filing late, failure to spend, underpaying your taxes due to negligence, understatement of earnings tax, filing a frivolous return, and failure to supply social security number. Some of these penalties are 5% of the tax dues but there are also penalties of up to $500. Of course criminal penalties could price you a lot a lot more than income, so it is really worth acquiring a finance tax attorney advise you and steer you clear of having to spend these civil penalties or having to go to court.
They can also support you with a penalty abatement which will enable you to recover or get rid of tax penalties or interests. Also, if you owe back taxes and you can’t pay your tax debt then they can support you with an supply-in-compromise, if you are entitled to one. You might be in a position to settle your tax debt for a fraction of the quantity due.
Criminal Tax Penalties
If you locate oneself facing criminal penalties and a court case, then it is surely time to find a excellent finance tax attorney. They will be responsible for placing up negotiations with the IRS and defending their clients for the duration of the criminal case proceedings. If you are located guilty, then it is their job to attempt and get a reduction of the tax penalty or a feasible court settlement.
As you can appreciate, tax evasion or fraud is a severe matter, so don’t feel that a tax accountant or a tax advisor will support you. You will require to discover a reputable and competent finance tax attorney as an alternative.
-taxes attorney
-tax attorney
(MAN2446c4)
Electrician for <b>Rental Properties</b> and Property Managers, Riverside <b>...</b>
AppId is over the quota
Building owners and property managers often need an electrician who can respond quickly and efficiently.
If you or your tenants need to upgrade electric systems; install wiring and circuits; setup lighting, security or computer networks, or to rehab the electricity in a rental property or apartment, give us a call.
Live Wire Electric Co. licensed electricians are always available for emergency electrical repairs.
Call us at 909.528.4444 if you’d like a bid for electrical work or maintenance in your Riverside, CA apartments, rental properties or offices.
Electricians for security lighting, tenant improvements, escrow inspections, computer networks, smoke detectors, range/dryer circuits, generators and power backup.Make the Most of a Financial Windfall by Buying <b>Rental Properties</b> <b>...</b>
AppId is over the quota
- Owning One Unit in This Building Can Pay Off for Life - Allison Choppick
Investment real estate in desirable areas is one way to turn a financial windfall into a source of ongoing income that will grow.
When people come into a large sum of money there is a temptation to fulfill long-desired wants, such as buying a sports car or new furniture for every room in the house. A luxurious vacation would fit on this list as well. The problem with all of these ideas is that when the money that comes from:
- Inheritances
- Bonuses
- Lawsuits
- Lottery winnings
or any other kind of potentially unexpected source of funds is spent on items that do not produce income, there will be nothing left. For this reason, it is wise to consider buying rental property outright so that the money is tied up in something with low risk that will make payments to you every month it is occupied.
How to Buy Rental Property
The first thing one must look at is how much money has come in. For example, if the amount is $100,000, then purchasing a piece of property on Long Island would not make sense unless it is done at a bankruptcy auction and the buyer has a construction background. More modest areas like the suburbs of Buffalo, Niagara Falls, or Rochester, however, would allow for more flexibility.
Buying a home should be done with an experienced realtor and a property manager. The realtor will be able to show you preferable areas to buy for your needs, and the property manager will be able to tell you how much the house should rent for based on other homes in the neighborhood.
All buying should be conditional on a home inspection. The home inspector will alert you to defects large and small. Based on these defects, the price can be negotiated, or repairs can be demanded.
One trap to avoid is overextending oneself. Some real estate "experts" would advise you to divide your windfall among as many properties as possible, such as buying five $100,000 homes with 20% down payments. The problem with this is that you are probably not going to be able to withstand one month with five vacant houses, or having to do minor repairs on five homes at once. If this is your inclination, you are better off buying a sports car and a great vacation, because foolishness should be fun and freeing, not stressful and binding.
How Rental Property Income Works
It may be best to use a property manager. This person (or company) will prevent or absorb 90% of any headaches that may occur, such as late payments, repair people who screw up the house, and doing credit checks on tenants as well as evicting them. This is all done for a fee of about 10%, and the author can speak from experience to tell you that it is worth it.
A home that is paid off will bring in straight cash flow after insurance and any other costs. If a home rents for $1,000, the property manager gets $100, insurance may cost $50, and a future repair account should get $50, leaving $800 for the owner. If two properties are owned, the income is $1,600 while five will bring in $4,000 a month. This income will grow as costs for all things go up with some exceptions to neighborhoods that fall apart due to too heavy a reliance on one source of prosperity, such as a substantial factory or military base closing down.
For property owners with substantial incomes already, this new income can be saved to purchase a new property. A person owning five properties can buy a similar one in just over two years, and then another in about the same time. Over the course of twenty years, one could own two dozen rental properties outright, bringing in an income equivalent to nearly $20,000 a month in today's dollars.
Final Considerations When Buying Rental Property
A good rental location is one that does not have a lot of other rentals. People like to feel like they have a home, not just a place to sleep, and being surrounded by owners rather than renters will help give them a sense of stability. With this in mind, consider having the property modestly landscaped with a nicely mowed and edged lawn. Install new carpets, medicine cabinets, and have the rooms painted for a cleaner feel. A used or new playground in the backyard will likely seal the deal for a family with children.
When buying rental property, it is absolutely necessary for one to do his or her homework and to find experts. Experience is a great teacher, and that is why investors should consider delving into this area slowly with as little debt as possible.
Christopher Pascale -
Christopher Pascale is a consumer advocate and auditor from Long Island, NY
New PC games News
New PC games News -Copy your commodity If you didn't apperceive it, you can accelerate a altogether agenda or added greeting agenda through your corpuscle phone. In fact, this is one of the better markets for greeting agenda makers. It has continued been told that annihilation that could be done on a computer would be and that goes for sending accompany and ancestors able-bodied wishes. New PC games News New PC games News New PC games News The industry itself is allotment of the anytime growing appeal to break connected. Over contempo years, the adaptable buzz industry has acquired ample amounts of technology. Cameras, amateur and aloof the actuality that you can browse the web from your buzz accept become the foundation for the business of corpuscle phones. Most bodies appeal to break affiliated and they appeal annihilation that they can do online to be accessible appropriate on their corpuscle phones. Adaptable greeting ds are aloof one of those things! gadgad news gadgad news gadgad news gadgad news gadgad news So, accede this. If you apperceive that your friend's altogether is abutting ages and you aloof can't allow to absence it, you can affairs that into your corpuscle buzz and get a admonition message. Not alone that, but you can alike get a altogether agenda off to her through the use of your adaptable service. A few clicks of the button and she's happy. It's able-bodied accepted that adaptable phones can do aloof about annihilation these days! New PC games News New PC games News New PC games News New PC games News New PC games News Of course, this doesn't aloof go for altogether cards. Why not get the Christmas agenda account activity and accelerate them through the phone? E cards, as they are called, are boring acceptable the way of activity in abounding areas. It takes abnormal to get them together. No stamps, no envelopes and so abundant beneath time are all factors that accept encouraged greeting cards on adaptable phones and the web to do so well. Services can alike be set up to admonish you that it is your friend's altogether so you can be the aboriginal being to ambition them a acceptable day! Adaptable greetings will abide to access in appeal because of the affluence of use, the bargain costs, and the anytime advancing technology that is offered. here. |
Birthday Cards Go Mobile
| If you didn't know it, you can send a birthday card or other greeting card through your cell phone. In fact, this is one of the largest markets for greeting card makers. It has long been told that anything that could be done on a computer would be and that goes for sending friends and family well wishes. The industry itself is part of the ever growing demand to stay connected. Over recent years, the mobile phone industry has gained considerable amounts of technology. Cameras, games and just the fact that you can browse the web from your phone have become the foundation for the business of cell phones. Most people want to stay connected and they want anything that they can do online to be available right on their cell phones. Mobile greeting cards are just one of those things! So, consider this. If you know that your friend's birthday is next month and you just can't afford to miss it, you can program that into your cell phone and get a reminder message. Not only that, but you can even get a birthday card off to her through the use of your mobile service. A few clicks of the button and she's happy. It's well known that mobile phones can do just about anything these days! Of course, this doesn't just go for birthday cards. Why not get the Christmas card list going and send them through the phone? E cards, as they are called, are slowly becoming the way of life in many areas. It takes seconds to get them together. No stamps, no envelopes and so much less time are all factors that have encouraged greeting cards on mobile phones and the web to do so well. Services can even be set up to remind you that it is your friend's birthday so you can be the first person to wish them a good day! Mobile greetings will continue to increase in demand because of the ease of use, the inexpensive costs, and the ever advancing technology that is offered. |
The money quote from the Westminster Soviet (sorry, "Council")
So Boris Johnson is to blame. A perfect case of one state control (the Olympics "which will put London on the map") conflicting with another state control (population planning).
And the beauty is: it only costs hundreds of billions of pounds every year!