IRPM - I am thinking of joining but there is almost no information regarding the study commitment. I have been advised by IRPM I must pay £129 membership, £75 Admin, £380 for the Membership exam, £195 for the Membership exam workshop. There is no syllabus, no study materials, no advice on the time commitment that may be necessary or to advise the areas that will be tested. I have 10 years experience in the industry both management and accounting and I would like to take this step but £800 for entry to a membership without any information seems a bit steep. Does anyone have any advice? Is this as unreasonable as it sounds?
IRPM membership - con or benefit
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The IRPM is the Institute for Residential Property Management. "2 Qs OP could have determined before seeking advice of this Forum." Sadly this doesn't enlighten at all. What is the study commitment? What knowledge of what areas are examined in the exam? Where can I get a "syllabus" so that I can revise and make certain my investment pays off. What benefits have you derived?
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First time in letting a home and I have had a person want to rent out our house who has bankruptcy notice against them.
I have stated to the letting agent that I do not want any risks in receiving my monthly income, so they have proposed there Guaranteed Rent Scheme where the letting agent...-
Channel: Letting Agent Questions
16-04-2018, 16:04 PM -
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For someone new to letting it's definitely not advisable.
Even experienced landlords shun such arangements as you can see from the above.
You may be lucky and have no problems, but can you afford the risk? It sounds not.
What's the worst you could imagine?
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Channel: Letting Agent Questions
17-04-2018, 16:10 PM -
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Simple summary -- never ever get involved in schemes like this. Yes there are plenty of risks - too many for any sensible landlord to entertain.
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Channel: Letting Agent Questions
17-04-2018, 12:17 PM -
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It was my understanding all agents must belong to one of the schemes,please could some one confirm this.If they don’t belong Does it become a civil matter,or ombudsman.If you fail to agree on a dispute.
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Channel: Letting Agent Questions
17-04-2018, 09:12 AM -
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Reply to Redress schemeIt's a matter for trading standards to enforce. I think the sanction is a civil penalty.
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Channel: Letting Agent Questions
17-04-2018, 11:30 AM -
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Reply to Redress schemeSee Shelter's info on the schemes including council ability to fine for £5k.
https://england.shelter.org.uk/housi...edress_schemes
& also in more detail from Shelter Legal
http://england.shelter.org.uk/legal/...tions/accommod...-
Channel: Letting Agent Questions
17-04-2018, 10:51 AM -
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So the letting agent has access to a steady stream of customers, has a revenue stream and access to legal advice, funding sources and is the first to know that property is available.
Exactly what do they need you for?
I actually think they're possibly trying to be helpful -...-
Channel: Letting Agent Questions
17-04-2018, 09:52 AM -
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am I right to read that as "I cannot afford to take any risks"? If so, perhaps letting your property isn't something you should do. It's fraught with risk and there are no guarantees. You have to be solvent enough to suck up any income disruption that you can reasonably foresee. For example,...
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Channel: Letting Agent Questions
17-04-2018, 09:34 AM -
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Would you say its not advisable to go this route? what could happen? I am renting myself at the moment and I am in a position where I need to get rental income from the property asap....
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Channel: Letting Agent Questions
17-04-2018, 09:28 AM -
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Yes you will be letting to a company as a commercial rental, rather than to a tenant on an AST.
It's a whole different ball game.
To start with you will have no say about who is living in your property, you can't evict them because they are not your tenants, etc., etc.
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Channel: Letting Agent Questions
16-04-2018, 17:30 PM -
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