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Tag Archives: finding a builder

Walter Rd prop with "finding an agent"

We had the pleasure of meeting a letting agent who is achieving rents beyond our expectations for HMOs in Swansea and Port Talbot and we decided to make them a part of our team. Hearing about the agent being an investor himself, how he disagrees with many letting agents on their methods and bedside manners with landlords and tenants, was very encouraging, especially for Craig who has operated like this for some time, while managing his properties for the past 15 years. This agent treats his clients and tenants as JV partners and seems to go the extra mile to earn his fee. His methods include: setting up a WhatsApp group for a HMO, so they catch any issues first and all the tenants are on the same page; Managing the cleaning and bin rota; quarterly inspections; advertising for tenants using targeted marketing methods; targeting ads at specific industry workers; doing…

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Gwendoline St with "finding a builder" written on it

Today we visited the work sites of two of the builders we are getting quotes from, to understand their work method, see them in their own environment, and understand likely costs of works based on their existing/ past jobs. We are still waiting for quotes, but based on the type of work we have seen we are quite certain about one of the builders being the one we work with.  In traditional blog style, I will change names to Bob and Paul. Bob came on site, and did an inspection, wrote a few notes, but didn’t give me a lot of confidence that his price was going to be completely fixed. He did not ask enough questions like “how would you like that done” etc so I am expecting to have at least a 10% overshoot on his quote. Paul on the other hand did a full work up of…

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Gwendoline St with "finding a builder" written on it

Today we met with 2 builders on site to get some quotes and ideas about the development. Walking around the property with the builders, we discovered the ease in which this property could be turned into a HMO at a relatively low cost as many walls are brick, and therefore the fire exit is protected.  The biggest issue may be the window escape routes. We will have to check with building control if it is necessary to change all the windows which are UPVC already, but not fire exit standard. Bad news was this little beauty we found growing out of 3 spots, 2 downstairs and 1 upstairs. One of the builders said “this is not good, fix it straight away” and another said “no urgency” so we are seeking another opinion.  Our research took us to a couple of places, including a DIY treatment site suggested the best way…

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