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Digg it UP - How To Let Your Property ( UK )
Domain Transfers without Tears d the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme.One of the most common errors I come across week after week concerns domain transfers. That is when a request is made to transfer a domain name from one registrar to another.Many domain owners wait until just a few days before their domain expires before requesting transfer, because they mistakenly think the remaining time on their domain name will be lost if they transfer earlier.The result is that the transfer often fails because the procedure can take a few days to complete. And during that time the domain expires. The 'losing' registrar will then refuse the transfer altogether because of the universal rule that expired domains can't be transferred.I guess one reason domain owners are badly informed about this is because many registrars consider it's not in their interests to tell their customers about this. After all, the more failed transfers there are, the more the registrar can rake in for another year's fees. As a domain reseller, I think that's a short-sighted attitude because it makes customers only more determined to leave your service as soon as possible!What you need to remember is this....When you transfer your domain name, one year's validity is added to the domain's EXISTING expiry date. So no time is ever lost when you transfer your domain!For example if your domain still has 6 months to go before expiry and you transfer it now, it will have 18 months after the transfer completes.So the moral is ...If you've decided to transfer your domain name to another registrar, don't wait until renewal time comes around. Transfer it now.The only exception is if you recently registered or renewed your domain name. You will then have to wait for 60 days before requesting a transfer. The reason is that domain registrars have a common rule against this. Many were ripped off in the past by f This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not f Installing Google Analytics on My Space There are various circumstances in which letting out your property, or part of it, will suit your current needs.
It may be that you have inherited a property you do not immediately want to sell. Maybe you have a second home that is not being fully utilised and could make you some money from rental. Perhaps you have been posted abroad in your work and want someone to sit in the property while you are away. Or maybe you want to let a room in your property while you are also living there to generate some extra cash and help pay the mortgage.While Google Analytics allows websites to obtain web analytics data pertaining to their site there has recently been discussion about adding Google Analytics to Myspace, particularly individual profiles. Users of the popular social networking site want to be able to track their profile as they would any other website, and this would be possible inside Google Analytics if it were not for Myspace's restrictions that they place on what kind of coding that you may place in your profile.For example, when you edit your profile on the left hand side you may notice, "You may enter HTML/DHTML or CSS in any text field. Javascript is not allowed. Do not use HTML/CSS to cover MySpace advertisements."Of particular importance is Myspace's restriction of Javascript. This is done to prevent Myspace users from placing Google Adsense ads in their profiles, but it also restricts Google Analytics or any Javascript based application such as Omniture Site Catalyst or WebSideStory Hitbox Professional from obtaining data.If you do use your Myspace profile to generate traffic to your website you are able to create a specific campaign that you are able to track through the Google Analytics URL Builder. Through that tool you can tag your Myspace profile links differently, such as from "About Me" section or "Interests", depending on where you placed the link in your profile.There are a few third party companies working on solutions such as Mixmap, but we haven't verified that they do in fact work, or in what capacity.If you have any further questions that we haven't clearly addressed, or just need some advise feel free to email us at info@sonicko.com Getting Started Before you sign up with a lettings agent, you should find out about the financial, legal and regulatory matters involved in becoming a landlord. 1. Finance It is imperative that you check with your mortgage lender before letting your property. Write and tell them that you want to sub-let your property. If you do not get their written permission then you could be in breach or your mortgage. 2. Check your Lease If you live in a leasehold property, you will need to check your lease to make sure that you are not breaching its terms by letting your property. There may be fees involved in granting consents. Special conditions may be involved and it will be up to you to make sure your tenant and lettings agent is aware of these. 3. Insurance Your current building and contents policy will probably not be suitable for application in the lettings market. Tenants are perceived to be more careless than an owner/occupier so you will probably be facing an increase in your premium to cover damage. Lettings Agencies When and if all these items are in order you can then sign up with a lettings agency. Using an agent will save you time and money in the long run. The agent will have a list of clients looking for a property like yours, or will be able to advertise it if they do not. They will make contacts, arrange appointments and show people around your property, check references and draw up contracts. Choosing An Agent 1. You may wish to Choose a company which is bonded to a professional body such as the National Landlords Association (NLA) or the Association of Residential Lettings Agents (ARLA). 2. Trust your intuition. If you are not comfortable with an agent, its premises, staff and practices, just walk away without committing yourself to anything. 3. Don't base your choice just on what the agent says it can get for you in terms of rental income. The reality may be lower than at first suggested by the agent. If you are unrealistic and too greedy, your property will remain vacant for some time, losing potential earnings. 4. Shop around. Find out what your local agents charge and what you will get for the fee. Don't always go for the cheapest option, but look at the range of services available. These can include discounted insurance or emergency repair insurance and are well worth having as optional extras. 5. Does the agent have an acceptable level of professionalism? Look for well maintained premises, clear advice and literature, a good website, well trained and experienced staff and high profile marketing. Your Responsibilities as a Landlord Before your letting agent will begin to act on your behalf, you must normally enter into a legally binding agreement which places a number of responsibilities on you. These will include: a) Preparing the property to let by cleaning, tidying, fixing appliances and removing any articles that are not to be used in the property. b) Providing keys to agent and tenant. c) Providing building, contents and liability insurance. d) Ensuring the upkeep of the fabric of the property. e) Repair of utilities such as plumbing, electricity and heating. f) Arranging for final gas, electricity or telephone bills to be sent to the current tenants' forwarding address prior to vacating the property to let. g) Keeping the structure of the property insured for full the reinstatement value (including fixtures, furnishings and other contents where appropriate). h) Ensuring that all furniture, furnishings, appliances and apparatus left in the property comply with the appropriate health and safety regulations. i) Provide a landlord's gas safety check certificate for the property and leave a copy with each tenant and the lettings agent. Legal Responsibilities Landlords must ensure the safety and maintenance of rented property and their contents so that no injury or damage is caused to the occupants, neighbours or the public. Fulfilling your responsibilities as a landlord during a tenancy can be very time consuming, so you could consider employing a property management company to fulfil these duties on your behalf. Under the Landlord and Tenant Act 1985, you have three main areas of responsibility when you property is let under an assured shorthold tenancy: 1. Structure Landlords are obligated to keep the structure and exterior of the property in good repair. Tenants must not be charged separately for this work although provision for the cost can be incorporated in the rental price. They are responsible for ensuring that the following items and areas are safe and fit for use, as well as making repairs where necessary. * The structure and exterior of the property. * Hot water installations, as well as the supply of water itself. * Basins, sinks, baths and other sanitary or drainage installations. * Ensuring an adequate provision of lighting, heating and ventilation. * The treatment of any health-threatening damp. * Anything else that you mutually agree with the tenant in the tenancy agreement. 2. Gas Safety The Gas Safety (Installation and Use) Regulations 1994 place a number of responsibilities on landlords of private residential accommodation. This includes ensuring that all gas appliances are maintained and in good order; paying for an annual safety check to be carried out by a tradesman who is registered with CORGI (Council for Registered Gas Installers); keeping a record of all the safety checks and giving a copy of the safety certificate to the tenant within 28 days of each annual check. You must also ensure that the electrical system and any electrical appliances that you supply such as cookers, kettles, toasters, washing machines and immersion heater are safe to use. However, you are not responsible for any appliances that the tenant is entitled to take at the tend of the tenancy. 3. Fire Safety of Furnishings You must be able to verify that any furniture and fittings that you supply adhere to the standards set out in the Furniture and Furnishings (Fire) (Safety) Regulations 1988 which set levels of fire resistance for domestic upholstered furniture. All new and second hand furniture must meet the standards, unless it was made before 1950. Most furniture and fittings covered by these regulations will have a label on if it meets the standards. The only circumstances where these regulations may not apply is where you are letting on a temporary basis whilst working away from home. Landlord's Rights You or your agent are allowed access to the property for two main purposes, both of which are usually detailed in the tenancy agreement. These are to conduct visual reports in order to monitor its condition and ensure that tenants are abiding by the terms of their agreement and to show the property to prospective tenants when the current tenants are moving out. In both cases, 24 hours' notice to tenants is usually required. Under the Rent Act of 1977, you have the right to seek possession of your property under any of 17 assorted legal grounds. You cannot evict the tenant without a possession order from the court. Room To Let There are many thousands of households around the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme. This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not fi Motivating Teams ty, check references and draw up contracts.Introduction:Working with teams, whether as leader of a single team or manager of several, is an essential part of a manager's remit. Teamwork is rapidly becoming the preferred practice in many organizations as traditional corporate hierarchies give way to flat, multi-skilled working methods. This section is an indispensable and practical guide to leading teams with expertise, covering subjects such as defining the skills required to complete a project, establishing trust between individuals within a team, and maximizing the performance of that team. The section is vital reading for any one involved in teamwork, whether as a novice or as an experienced team leader.This month we will discuss:1) Understanding How teams workUnderstanding How Teams WorkTeamwork is the foundation of all successful management. Managing teams well is a major and stimulating challenge to any manager, form novice to experienced hand.1) What Makes A Good Team?A true team is a living, constantly changing, dynamic force in which a number of people come together to work. Team members discuss their objectives, assess ideas, make decisions, and work towards their targets together.A) Working TogetherAll successful teams demonstrate the same fundamental features: strong and effective leadership; the establishment of precise objectives; making informed decisions; the ability to act quickly upon these decision; communicating freely; mastering the requisite skills and techniques to fulfill the project in hand; providing clear targets for the team to work towards; and - above all - finding the right balance of people to work together for the common good of the team.B) Analyzing Team TasksSuccessful teams can be formed by 2 to 25 or more people, but much more important than size is shape - the pattern of working into which team member settle to perform their given tasks. There are three basic methods of per Choosing An Agent 1. You may wish to Choose a company which is bonded to a professional body such as the National Landlords Association (NLA) or the Association of Residential Lettings Agents (ARLA). 2. Trust your intuition. If you are not comfortable with an agent, its premises, staff and practices, just walk away without committing yourself to anything. 3. Don't base your choice just on what the agent says it can get for you in terms of rental income. The reality may be lower than at first suggested by the agent. If you are unrealistic and too greedy, your property will remain vacant for some time, losing potential earnings. 4. Shop around. Find out what your local agents charge and what you will get for the fee. Don't always go for the cheapest option, but look at the range of services available. These can include discounted insurance or emergency repair insurance and are well worth having as optional extras. 5. Does the agent have an acceptable level of professionalism? Look for well maintained premises, clear advice and literature, a good website, well trained and experienced staff and high profile marketing. Your Responsibilities as a Landlord Before your letting agent will begin to act on your behalf, you must normally enter into a legally binding agreement which places a number of responsibilities on you. These will include: a) Preparing the property to let by cleaning, tidying, fixing appliances and removing any articles that are not to be used in the property. b) Providing keys to agent and tenant. c) Providing building, contents and liability insurance. d) Ensuring the upkeep of the fabric of the property. e) Repair of utilities such as plumbing, electricity and heating. f) Arranging for final gas, electricity or telephone bills to be sent to the current tenants' forwarding address prior to vacating the property to let. g) Keeping the structure of the property insured for full the reinstatement value (including fixtures, furnishings and other contents where appropriate). h) Ensuring that all furniture, furnishings, appliances and apparatus left in the property comply with the appropriate health and safety regulations. i) Provide a landlord's gas safety check certificate for the property and leave a copy with each tenant and the lettings agent. Legal Responsibilities Landlords must ensure the safety and maintenance of rented property and their contents so that no injury or damage is caused to the occupants, neighbours or the public. Fulfilling your responsibilities as a landlord during a tenancy can be very time consuming, so you could consider employing a property management company to fulfil these duties on your behalf. Under the Landlord and Tenant Act 1985, you have three main areas of responsibility when you property is let under an assured shorthold tenancy: 1. Structure Landlords are obligated to keep the structure and exterior of the property in good repair. Tenants must not be charged separately for this work although provision for the cost can be incorporated in the rental price. They are responsible for ensuring that the following items and areas are safe and fit for use, as well as making repairs where necessary. * The structure and exterior of the property. * Hot water installations, as well as the supply of water itself. * Basins, sinks, baths and other sanitary or drainage installations. * Ensuring an adequate provision of lighting, heating and ventilation. * The treatment of any health-threatening damp. * Anything else that you mutually agree with the tenant in the tenancy agreement. 2. Gas Safety The Gas Safety (Installation and Use) Regulations 1994 place a number of responsibilities on landlords of private residential accommodation. This includes ensuring that all gas appliances are maintained and in good order; paying for an annual safety check to be carried out by a tradesman who is registered with CORGI (Council for Registered Gas Installers); keeping a record of all the safety checks and giving a copy of the safety certificate to the tenant within 28 days of each annual check. You must also ensure that the electrical system and any electrical appliances that you supply such as cookers, kettles, toasters, washing machines and immersion heater are safe to use. However, you are not responsible for any appliances that the tenant is entitled to take at the tend of the tenancy. 3. Fire Safety of Furnishings You must be able to verify that any furniture and fittings that you supply adhere to the standards set out in the Furniture and Furnishings (Fire) (Safety) Regulations 1988 which set levels of fire resistance for domestic upholstered furniture. All new and second hand furniture must meet the standards, unless it was made before 1950. Most furniture and fittings covered by these regulations will have a label on if it meets the standards. The only circumstances where these regulations may not apply is where you are letting on a temporary basis whilst working away from home. Landlord's Rights You or your agent are allowed access to the property for two main purposes, both of which are usually detailed in the tenancy agreement. These are to conduct visual reports in order to monitor its condition and ensure that tenants are abiding by the terms of their agreement and to show the property to prospective tenants when the current tenants are moving out. In both cases, 24 hours' notice to tenants is usually required. Under the Rent Act of 1977, you have the right to seek possession of your property under any of 17 assorted legal grounds. You cannot evict the tenant without a possession order from the court. Room To Let There are many thousands of households around the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme. This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not f Online Training on Autopilot Series: Persuasion Through Influence, Part 1 of 4 .Is there a difference between Influence and Persuasion? Yes there is.Influence is the process of changing someone’s behavior.To persuade is to alter someone’s attitude or beliefs.Are the two similar in nature? Sure. But they are not the same and often times many people confuse the two.While persuasion can be a tool to create influence, as an employee – influence is far more important. Having less customer complaints and higher sales can only come from a positive change in the customer’s behavior.Here’s something interesting – there is an old wives tale that the ability to influence is a character attribute some possess and others do not. It’s true for some people; the power to influence comes naturally. However there is good news for everyone else. There’s been research conducted over the past 30 years that indicates virtually anyone can apply the principles of influence to change the outcome of any personal interaction. This research is based upon extensive observation of leading salespeople inside a wide variety of industries. By studying individuals in sales situations, scientists have been able to identify certain patterns of behavior and speech that increase the likelihood of someone saying yes to a request.How Understanding the Principles of Influence Can Lead to Employee Loyalty.According to Robert B. Cialdini PhD, there are 6 universal principles of influence. Today, in this field, Dr. Cialdini is the most-cited living Social Psychologist in the world. Additionally, he has a reputation as the seminal expert in the science of influence. Dr. Cialdini's bestseller, INFLUENCE, has been published in 20 different languages and in 23 different countries. It has been consistently ranked in the top one percent on AMAZON.com.The Principles of Influence.First, reciprocation. People give back to you the kind of treatment that they have received from you.Sec g) Keeping the structure of the property insured for full the reinstatement value (including fixtures, furnishings and other contents where appropriate). h) Ensuring that all furniture, furnishings, appliances and apparatus left in the property comply with the appropriate health and safety regulations. i) Provide a landlord's gas safety check certificate for the property and leave a copy with each tenant and the lettings agent. Legal Responsibilities Landlords must ensure the safety and maintenance of rented property and their contents so that no injury or damage is caused to the occupants, neighbours or the public. Fulfilling your responsibilities as a landlord during a tenancy can be very time consuming, so you could consider employing a property management company to fulfil these duties on your behalf. Under the Landlord and Tenant Act 1985, you have three main areas of responsibility when you property is let under an assured shorthold tenancy: 1. Structure Landlords are obligated to keep the structure and exterior of the property in good repair. Tenants must not be charged separately for this work although provision for the cost can be incorporated in the rental price. They are responsible for ensuring that the following items and areas are safe and fit for use, as well as making repairs where necessary. * The structure and exterior of the property. * Hot water installations, as well as the supply of water itself. * Basins, sinks, baths and other sanitary or drainage installations. * Ensuring an adequate provision of lighting, heating and ventilation. * The treatment of any health-threatening damp. * Anything else that you mutually agree with the tenant in the tenancy agreement. 2. Gas Safety The Gas Safety (Installation and Use) Regulations 1994 place a number of responsibilities on landlords of private residential accommodation. This includes ensuring that all gas appliances are maintained and in good order; paying for an annual safety check to be carried out by a tradesman who is registered with CORGI (Council for Registered Gas Installers); keeping a record of all the safety checks and giving a copy of the safety certificate to the tenant within 28 days of each annual check. You must also ensure that the electrical system and any electrical appliances that you supply such as cookers, kettles, toasters, washing machines and immersion heater are safe to use. However, you are not responsible for any appliances that the tenant is entitled to take at the tend of the tenancy. 3. Fire Safety of Furnishings You must be able to verify that any furniture and fittings that you supply adhere to the standards set out in the Furniture and Furnishings (Fire) (Safety) Regulations 1988 which set levels of fire resistance for domestic upholstered furniture. All new and second hand furniture must meet the standards, unless it was made before 1950. Most furniture and fittings covered by these regulations will have a label on if it meets the standards. The only circumstances where these regulations may not apply is where you are letting on a temporary basis whilst working away from home. Landlord's Rights You or your agent are allowed access to the property for two main purposes, both of which are usually detailed in the tenancy agreement. These are to conduct visual reports in order to monitor its condition and ensure that tenants are abiding by the terms of their agreement and to show the property to prospective tenants when the current tenants are moving out. In both cases, 24 hours' notice to tenants is usually required. Under the Rent Act of 1977, you have the right to seek possession of your property under any of 17 assorted legal grounds. You cannot evict the tenant without a possession order from the court. Room To Let There are many thousands of households around the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme. This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not f Go Get a Pay-Day Loan! that all gas appliances are maintained and in good order; paying for an annual safety check to be carried out by a tradesman who is registered with CORGI (Council for Registered Gas Installers); keeping a record of all the safety checks and giving a copy of the safety certificate to the tenant within 28 days of each annual check.
You must also ensure that the electrical system and any electrical appliances that you supply such as cookers, kettles, toasters, washing machines and immersion heater are safe to use. However, you are not responsible for any appliances that the tenant is entitled to take at the tend of the tenancy.The rich get to go to interesting investment courses. I am going to give you a glimpse into one of them and tell you the ups and downs of pay-day loans.I attended a millionaire investment course where about 1000 people were there. We all paid a bunch of money to have people pitch their investments to us, all of which claimed to give above average returns. My accountant and I listened carefully to each one. Then we approached some of the speakers to do more investigation on their topic.The line up to talk to the pay-day loan guy was around the corner. What is a pay-day loan? It is a service where you can go and cash a cheque or get a short term loan against your paycheck, some also do foreign exchange and money transfers. They charge a service fee and interest. They are a semi legal printing press for money as far as I can tell.These places make so much money I could not believe they were at this conference asking for money. I figured what the heck would they need my money for? He told us the demand was so great he just did not have enough money. If he had another million dollars it would be in these short-term loans tomorrow! Well get your calculators out, they charge 28%+ and don’t forget the service charge. It is so close to being loan sharking I can not believe it is allowed.My accountant and I got the whole pitch, we would earn 45% return per year on our investment (that is a huge amount), minimum $100,000.00 investment required. “There has not been a store in the chain that has ever lost money,” he boasted. Lost money! I asked, “Has their been a store that has gotten less than a 200% return for them?” He declined to answer that, but doing the math it is more than likely they do better than that.The numbers on this stuff is mind boggling. We went home and in the next month I happened to meet a person, at a business social, working in a payday loan place. He was a young man in his 20’s, getting a little ab 3. Fire Safety of Furnishings You must be able to verify that any furniture and fittings that you supply adhere to the standards set out in the Furniture and Furnishings (Fire) (Safety) Regulations 1988 which set levels of fire resistance for domestic upholstered furniture. All new and second hand furniture must meet the standards, unless it was made before 1950. Most furniture and fittings covered by these regulations will have a label on if it meets the standards. The only circumstances where these regulations may not apply is where you are letting on a temporary basis whilst working away from home. Landlord's Rights You or your agent are allowed access to the property for two main purposes, both of which are usually detailed in the tenancy agreement. These are to conduct visual reports in order to monitor its condition and ensure that tenants are abiding by the terms of their agreement and to show the property to prospective tenants when the current tenants are moving out. In both cases, 24 hours' notice to tenants is usually required. Under the Rent Act of 1977, you have the right to seek possession of your property under any of 17 assorted legal grounds. You cannot evict the tenant without a possession order from the court. Room To Let There are many thousands of households around the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme. This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not f Women Managers Leaving Corporations for Entrepreneurship d the country where a single room in a property is rented out to a lodger. The government has special rules regarding the taxation of income under the rent a room scheme.Increasingly, women managers are choosing to “opt out” when corporations fail to meet their professional needs. Opting out—the latest catch phrase within corporate circles—describes the growing trend of leaving corporate positions for alternative career paths.A significant number of women managers are leaving large companies to start their own businesses. In fact, women are quitting corporate jobs in favor of entrepreneurship at twice the rate of men, making a significant impact on the traditional and online marketplace, according to Cheskin Research, a California-based strategic market research and consulting company.Recent research indicates interesting trends for women entrepreneurs. According to the Center for Women’s Business research, the number of women-owned U.S. businesses grew at twice the rate of all firms between 1997 and 2002. And the U.S. Small Business Administration reports that women-owned businesses account for 28 percent of all privately-owned companies. They employ 9.2 million people and contribute $2.38 trillion in revenue to the U.S. economy.Why Women Managers are Leaving Corporate America? Women used to be willing to devote their time, energy, and effort to the corporation's needs—at the expense of meeting their own professional goals. But not anymore. They’re starting their own businesses in an effort to gain more freedom, recognition, money, opportunities and other rewards.Fifty-one percent of women business owners with prior private-sector experience cite the desire for more flexibility as the major reason for leaving corporate positions, according to a study by Catalyst, a nonprofit research and advisory organization working to advance professional women. Twenty-nine percent said restrictive glass-ceiling issues drove them out the door. Of those women, 44 percent felt their contributions were not recognized or valued.“As women walk out the door after years of training," said Cata This allows you to let part of your home and generate a tax free income of up to ?4,250 per year. This equates to a monthly rent of just over ?350. If you generate more than this level of income, you are taxed on the gross rent you receive in excess of ?4,250. If you are within the rent a room scheme, you lose the right to deduct expenses from your rental income, as it is not considered a commercial venture. Income for ancillary services such as providing meals or washing can be added to your rental income and incorporated into the rent a room scheme. However, you should check with your accountant that this does not qualify as carrying on a trade, as this would put you outside the bounds of the rent a room scheme. Letting Your Home There are many reasons why you may find yourself letting your home to tenants. Short term lets are popular with homeowners whose work involves them being away from their property for a time but who will eventually return. Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which isn't going to help the value at all), some people opt for a short let. Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. High class exclusive homes dominate the short term letting market, with both flats and houses being popular. Not only are they generally high quality properties in upmarket areas, but the most successful are also presented with an attractive d?cor and furnished to a high standard. However, if your property does not fit this bill, it does not mean you won't be able to find a short term tenant. Excellent location, proximity to useful transport links, pleasant grounds or some other appeal can make your home attractive to certain tenants. If you are letting your home and eventually want to move back into it, make sure: a) you have a professional inventory carried out, especially if yours is an expensive home. b) you sign a legally binding licence agreement that allows you to regain possession of your home should the tenant decide that they like too much. c) you take a large deposit from the tenant to cover any damage. d) tell your mortgage lender and household insurance provider what you are doing. Even with a short term let, you still have much the same obligations as a normal landlord, as regards fire safety, gas appliances and so on. Let To Buy Let to buy is a relatively new phenomenon where you buy a new home and let your old one. As long as the rental income on your existing property will pay your old mortgage, lenders who offer this type of loan will usually offer you a mortgage for the new property based on the normal income multiples, even though you already have an existing property. This means that you end up with two mortgages at normal owner-occupier rates, therefore avoiding the slightly more expensive buy-to-let mortgages. This is worth investigating if you are downsizing or if you want to move away from an area for a period of time, but not give up the property. It may be a home that has been in the family for a long time, or you may have a particular affinity for an area. You no longer want to live in the property, but nor do you want to lose it for good, either. In such circumstances let to buy can be a good option. You get the benefit of retaining your asset, whilst someone else pays the mortgage for you, as well as having money left over. Buy To Let This is an increasingly popular investment where you buy a property specifically to let it to other people such as students, key workers and people who either don't want the responsibility of owning their own home or who cannot afford it. Buy to let requires special knowledge of the marketplace, mortgage products and insurance options that are open to you. A property investment adviser can help you arrange your mortgage, explain and discuss the different choices you face and how suitable they are for you, get quotations and push through the fulfilment on your behalf. Having someone take care of your mortgage application for you, filling out all the forms, liasing with the lender and going on to complete the process, can be a real relief for some people. Whatever your objectives (to receive an income, invest for the future), the success of residential property investment depends on consistent high demand from tenants and maximisation of possible rental yields Choose your buy to let property with care, taking the time to research and understand the local demand characteristics and how the market is likely to change over time. You must ensure that your property is in the right location for your target market and furnished to a standard that is more than adequate for the type of tenant you are looking to serve. Always look at the investment through the eyes of a local lettings agent to assess suitability, even if you live locally to the area in which you are considering buying an investment property. They will help advise on the property type, location, decoration, furnishing, fixtures and fittings that will be required by prospective tenants. Remember that buying an investment property is a business proposition, so you should not let your personal tastes cloud your judgement. Tenants that are disrespectful to your property and leave it like a rubbish tip, contractors that do shoddy work an overcharge you for it, lots of paperwork, stress, huge time demands, all sorts of insurance expenses and no small amount of risk. Buying a property to let has the potential to include all of these problems as part of the package, so it is definitely not for everyone. Over the long term, property is almost always an improving asset. Unless you buy at an overly inflated price, let the place fall into disrepair, or some kind of disaster besets the structure of the place, then you should eventually end up with an asset worth considerably more than you paid for it. If you decide to invest in a property for letting purposes, you should consider the following points which will help you maximise your income: 1. Transport - is the area well served by a variety of local and national transport networks? If not, is there something planned for the future? 2. Safety - is it a crime hotspot and is there a neighbourhood watch scheme? 3. Amenities - is the property within easy reach of shops, schools, colleges, sports facilities, restaurants, pubs and cafes? Is this balanced with public parks and other green spaces? 4. Environment - does the exterior of the property look good and fit with others in the street? Is it near an airport or sewage farm? Does it back onto a railway line? Is it overlooked by pylons or mobile phone masts? 5. Neighbours - no one wants to live next door to noisy neighbours and barking dogs. find out what people who live locally are like and make sure they fit the same profile of the people you want to rent your house to - professionals, families, students. If you choose your property and your tenants carefully, you are most of the way towards becoming a successful landlord. This is meant as a general guide and should not be seen as legal advice.
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