Dr Javaid Kiyani

April 2, 2010June 18, 2013

You Need To Watch This ……

I had a quiet day yesterday waiting for the graphics on my new product to be completed so I thought I’d spend some time doing some internet research for a new project I’m working on.

Whilst doing my research I found this video. I know I’ve talked about The Secret before and suggested that you should also buy a copy so that you can start to use the law of attraction in your life too.

Anyway, I’m now saying that you don’t need to buy yourself a copy because I’ve managed to find the complete film for free. Now, I don’t know how long this will be available for so I’d recommend you watch it today as it could be pulled at any time.

Here’s the video – enjoy:

<SORRY THIS VIDEO HAS NOW BEEN REMOVED>

ps. if you still wish to buy it, here’s the link again:

Another DVD you may also be interested in is What The Bleep Do We Know:

Best of luck

Javaid Kiyani

Technorati Tags: The Secret,What The Bleep Do We Know,Law of Attraction

March 31, 2010June 18, 2013

Don’t Hire Another Builder Until You’ve Read This ……..

Hiring and managing builders can sometimes be daunting. However, if you know the proper steps of hiring as well as the policies of managing, you will realize in the end that hiring and managing builders is as simple as entering into a relationship that you would have to maintain till the very end. Below are some of the things you may need to remember when you want to hire a builder and the things you have to do when you find the right one.

1. Recommendations

Ask for any recommendation from experts and official bodies. This can be done by going through government and private institutions dealing with construction – as with many things a google search will pull out several bodies that you may contact. Ask for the names of builders who are known for their quality of work. References can also be taken from friends or family members. You could also speak to contractors of buildings which are under construction within the community – walk around your local streets and approach builders in that area and ask to see the work they are doing at present.

2. Conduct phone interviews

Once you have a shortlist of builders, conduct some inquiries. Inquiries can be made as to the types of project they accept and current projects they are working on. References should be obtained from past clients. If the builders are involved in subcontracting, the terms of employment should be obtained. The acquired information should help determine the competency and ability of the builders to undertake your project.

3. Meet the builders personally

From the interviews conducted, select three builders and meet them personally. They must be asked to provide estimates and completion timescales for your project. Their answers must be satisfactory and leave no room for doubt.

4. Confirm the facts

Interview previous clients of the builder to confirm everything he has told you. Ask specific questions regarding past projects in terms of quality, duration, timescales and prices. If the builder is currently working on a job, you may want to go and visit him on location. This will show you the work attitude of the workers towards the property and the quality of their work.

Always ask the builder if it’s ok for you to see his existing jobs – any good builder wont mind – once your potential builder has agreed to this, pay him unannounced visits on site.

5. Evaluate the bids

You should ask the builders to give you a breakdown of the expenses covering the project. This way you will know exactly what costs what and where you can save money if need be.

Never choose a builder based on price alone – evaluate all factors before making a decision.

6. Make a systematic method of payment

The method of payment employed will determine the contactor’s attitude with respect to finances and work. Don’t ever pay a builder all the monies prior to him starting the work. It is better to pay in stages as various components of the job are completed.

7. Quality of the work and competency of the project must be the ultimate goals

These goals can be achieved through proper communication between the owner of the property and the builders. The competency of the builders must be proven in order to ensure the quality of the project. It must not be sacrificed in exchange for cheap labour cost.

8. The terms and conditions of the agreement must be in a written contract.

To avoid conflict, have a written contract drawn up with the builder. The following terms must be reflected in the contract; manner and method of payment, duration of the project, materials needed, and the security of the builders or contractors in case of non- payment of the owner after the completion of the project.

I always like to add in penalty payment terms, for example, the builder will be fined an x amount if he over exceeds his deadline by 1 week, 2 weeks etc. This will cause the builder to get his act together and deliver what he promised within budget and timescale.

Technorati Tags: property developing,builder,property development,builders

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March 30, 2010June 18, 2013

Be Sure To Have an Assured Shorthold Tenancy Agreement In Place Before Renting Your Property

An Assured Shorthold Tenancy (AST) Agreement is a contract entered into between landlord and tenant on a short term basis. It has become widespread for its merit over other terms of tenancy. With an AST, the tenant’s right of security of tenure which is particularly known as the right not to be dispossessed of the property without just cause is less than it would have been prior to the introduction of ASTs. Consequently, the landlord can acquire possession of the property without difficulty if he follows the correct measures.

As a landlord you need to be aware of the following when renting your property:

Firstly, the agreement must be entered into by the proper parties; namely the landlord and the tenant. If the object of the Assured Shorthold Tenancy (AST) Agreement is to only provide a room in a house or flat, it is further advised to execute a house sharing agreement. This agreement indicates the terms and conditions over the use of common facilities.

Secondly, the property rented out should be covered by an ordinary contract of insurance. This is to protect the landlord in the event of damage to the property. Insurance will be covered in greater detail in a later article.

Thirdly, since the Assured Shorthold Tenancy (AST) Agreement is only for a short term basis, there is no minimum term. Nonetheless, a landlord cannot recover possession of the property within 6 months after execution of the tenancy agreement. Thus, by implication, the minimum term is set to six months. This is without prejudice to any breach of contract by the tenant.

Fourthly, since the Assured Shorthold Tenancy (AST) Agreement is for a minimum period of 6 months by implication, the expiration of the term would cause its conversion into a periodic Assured Shorthold Tenancy (AST) Agreement . Thus, the duration would now be dependent on the terms and conditions of the rental fee such as weekly or monthly.

Upon the expiration of the fixed term under the terms of the Assured Shorthold Tenancy (AST) Agreement, the tenant may leave the property if he does not wish to stay there. If the tenant wishes to stay, but the landlord wants to regain possession of the property at the end of the fixed term, he needs to provide the tenant with 2 months notice in writing.

The termination of any contract must be undertaken with certain precautionary measures. Non-compliance of the necessary procedures could result in the landlord not being able to take possession of his own property. Thus, the execution of a notice to quit is an indispensable requisite. The notice should be served personally or through registered mail to the tenant as evidence that it is received by the latter.

One final note to add, the deposit must be held under the terms and conditions of a specific deposit scheme. The landlord is prohibited from holding the deposit himself. There are several schemes the landlord can use to protect the deposit. These will be discussed in a later article.

Technorati Tags: Assured Shorthold Tenancy Agreement,AST,Landlord,Tenant,Property Contract

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March 29, 2010June 18, 2013

Do This Before You Buy Any Property!

There are several factors which need to be considered when buying property. We will discuss just a few of the more commonly overlooked ones here today.

Direction of back garden

Firstly, especially important for owner occupiers is the direction of the back garden. Properties with south facing gardens tend to fetch more than properties with gardens facing other directions. This is true even in today’s market. You should also bear this in mind when buying direct from motivated sellers and factor this into the price you are prepared to pay for your property, as the resale value of the property may be higher than similar houses on the opposite side of the road.

Always consider a property with a garden if you are letting to a family. Conversely, single professional working tenants don’t always require a garden, and if they do, it would have to be a low maintenance one.

Parking

Another often overlooked factor is that of off street and/or allocated parking. If you are buying the property to rent out to couples with young children, this could be the deciding factor for them. Parking may not be so important for young professionals in large cities where public transport is good.

Even better, a property with a garage is always more sought after than one without, again especially true in large cities where parking can be expensive.

Room size

Today, tenants almost always prefer double rooms especially if it is being let as a HMO. if your property is let as a HMO and does have double rooms, don’t make the mistake of furnishing double bedrooms with single beds as this is almost as bad as having a single room and could greatly affect your chances of letting your property. Another must for HMO properties is to ensure that all rooms are of roughly an equal size. This is important if you are renting to a group of students for example, as i have often had some of my properties rejected on the basis that all bedrooms weren’t the same size!

Prior to buying any property, you need to ask yourself, why am I buying this house? Map out a plan of your requirements. Consider the amount of space you will need in the property. If it is your intention to let the property, consider the number of bedrooms to bathrooms ratio. This ratio has to meet current guidelines for the style and size of the property in any one location.

If buying through an estate agent, always explain to your estate agent your exact requirements so that you are not wasting time by visiting properties that you have no intention of buying.

If you are new to investing, try not to visit more than 10 properties a day as you can easily forget what you have seen. Take a digital camera with you on viewings to act as an aid memoir when you get back home to analyse the deals further. Always take copious notes of unusual features and make a note of colours and design elements. Immediately after leaving the location rate the property according to criteria you set for yourself on a scale of 1 to 10.

Surrounding areas

A large majority of people are completely put off by vandalism and graffiti. There is an old saying that you cannot put a diamond on a piece of brass and expect it to look like gold. No matter how nice your property, if the surrounding area is a turn off, your tenants will also not want to live there.

Finally, many people never want to buy property on a main road. Consider the disadvantages of additional noise and pulling in and out of a main road in rush hour traffic before you make your purchase decision. However, having said this, you can often pickup larger properties with bigger gardens on main roads for less than you would on say a cul de sac. So, always weigh up the pros and cons before making your final decision.

Technorati Tags: HMO,HMO property investing,HMO guidelines

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March 28, 2010June 18, 2013

How To Run A Successful Property Investing Business

In the property business you can either do very well and live off the profits for life, or end up bankrupt if you don’t follow some basic rules and principles.

When you start investing in property you need to learn how to do at least four things very well:

1. You must be able to find property deals which will make you money. You need to be able to distinguish between more profitable property and less profitable property, know your locations and learn to distinguish between less profitable and more profitable neighbourhoods.

2. You need to learn how to raise finance. You will not be able to buy property if you do not have access to suitable funding.

3. You need to learn how to distinguish between a property that can be repaired for very little money and quickly resold, and a property which could become a builder’s nightmare. Never get emotionally involved in a property purchase. Always look at the numbers and only buy if the numbers work for you.

When dealing with builders and employees always ensure that you are on the right side of the law. Complete the correct paperwork including planning consents and building regulations where applicable.

4. You need to learn how to flip property. Ensure that you have other investors in place that may be interested in your deals. Also, have several estate agents who you can count on to re-sell your projects for you.

The every day role of an active property investor involves at least the following:

o Finding new lenders, tenants and home buyers.

o Locating and buying new properties.

o Dealing with solicitors, accountants, architects, builders, financiers

o Collecting rents.

o Dealing with staff and employees.

o Dealing with local and national newspapers when advertising your services either as a property investor looking for property to buy or as a landlord looking for tenants to fill your property.

Don’t underestimate the amount of time it will take you to set up a successful property business. Property investing is a real business and if you shirk your responsibilities especially earlier on, you will not last very long in what is in fact a very competitive marketplace.

Learn from other property investors especially those that have been active through several economic cycles. Try to spend time with others who are more successful than you and emulate their techniques and strategies to ensure that you too become successful in what can be a very lucrative business for you.

Technorati Tags: property investing,property investment,property business

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