Showing posts from November, 2019

I never wanted to run a business again!

Well not a "proper" one at least... I have my investment properties largely in a limited company, which I guess, is a business. One that gives me a semi-passive, recurring income without requiring a heap of my time. Well having taken over an existing management portfolio has been everything but passive. Daniel and I have been working very hard to sort out the problems the previous managing agent had left behind for us - just a brief overview of some of the problems we've dealt with in the last few weeks: Tenants locked the WC door from the inside Dripping tap Radiator not working Broken washing machines Blocked shower drains (and the tenants kept on showering causing flooding and collapsed ceilings below 😱) No internet because the previous utility company had cut it off rather than waiting for us to switch it over. So why the sudden change? Well there's opportunity. Daniel and I have been great working together on our WeSourceLondon.Properties brand

Busy with Management - in a good way!

A good month has gone by without a blog post; you can certainly tell I've been busy! Over the next week I'll release a few articles on my latest acquisitions, but thought I'd just release a brief overview to start with and then dive into a bit more details over the coming articles. Acquisition of an existing management portfolio in Southwest London Taken on 2 more managed properties since the beginning of this month Taken on a permanent office with staff Taken on 3 further units to manage on short-let basis So firstly about the brand - WeManageLondon.Properties - does what it says on the tin, really. Why the "."? well the name serves as a website address at the same time, so more for convenience. The existing portfolio is a combination of managed properties for landlords who just want us to manage the tenancies for them and those that prefer a "guaranteed rent" solution, so invariably I will be letting by the room. The area lends its