Anyone here also joined Wolverhampton Council's Private Sector Leasing scheme?

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    Anyone here also joined Wolverhampton Council's Private Sector Leasing scheme?

    Hello,

    I have two properties with them, one almost 4 years, other one two years

    http://www.wolverhamptonhomes.org.uk...sector-leasing

    Overall I'm in it for thee long term ... 10 plus years.. which makes the economics worth while

    I have yearly reports of "work done on the property" over my £500 allowance

    Want to query couple of things, just wanted some feedback/discuss first with anyone else who has joined the scheme as well?

    Thanks

    Harry

    #2
    Your post looks like spam to me, but I'll give you the benefit of the doubt for now.

    How is this crowd any better than a normal letting agent? What are their charges for this 'service'?
    I offer no guarantee that anything I say is correct. wysiwyg

    Comment


      #3
      Agree with jta. Seems dubious someone would join just to post how great a scheme they've been in for 4 years is.
      "I'm afraid I didn't do enough background checks apart from checking her identity on Facebook" - ANON

      What I say is based on my own experience and research - Please don't take as gospel without first checking the gospel yourself.

      Comment


        #4
        Originally posted by jta View Post
        Your post looks like spam to me, but I'll give you the benefit of the doubt for now.

        How is this crowd any better than a normal letting agent? What are their charges for this 'service'?
        Hi,

        No not spam...

        The link I sent is "Wolverhampton Homes", which in really just Wolverhampton Council's arm length organization that was spun off to manage their council stock years ago

        Most people think its a bad deal, download the pdf from the link and see, but personally I'm willing to sacrifice short/medium term profit for the long run and deal with an organization were the staff are not purely motivated by profit

        My main issue is that I'm now getting a yearly statement of what was spent on the property by the councils own repair guys (when above my £500 yearly allowance), and its this breakdown which I want to discuss with other landlords who have already joined the scheme so I can compare mine with theirs?

        Harry

        Comment


          #5
          Originally posted by harrysmith View Post
          purely motivated by profit
          That's the reason I got into property. Can't imagine doing this and giving it to a company who doesn't want to make me a profit. Is this some sort of charity?
          "I'm afraid I didn't do enough background checks apart from checking her identity on Facebook" - ANON

          What I say is based on my own experience and research - Please don't take as gospel without first checking the gospel yourself.

          Comment


            #6
            hi, not *our* profits.. the private letting agents motivation to maximize *their* profits out of us, I'd never give my house to a *private sector* letting agency, all smoke and mirrors

            Comment


              #7
              Sounds like the council are doing that anyway, doesn't it?
              To save them chiming in, JPKeates, Theartfullodger, Boletus, Mindthegap, Macromia, Holy Cow & Ted.E.Bear think the opposite of me on almost every subject.

              Comment


                #8
                well put ... lets say then... lesser smoke and less opaque mirrors !

                Comment


                  #9
                  Councils have a duty to house people and can't make profit.
                  They have been forced to sell off their stock of houses and can't build or buy new ones.
                  So they rent in and re-rent.

                  Private guaranteed rent schemes are so obviously a rip off, I'm amazed people can keep a straight face selling them.
                  If I had a guaranteed money making scheme, the last thing I'd want to do is invite other people to share in it.
                  You'd have investors banging your door down to give you money to buy property, you wouldn't need to find landlords.
                  When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                  Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                  Comment

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