LANDLORDS Lincon moved to England in 2014 prior to that he was running his own successful gardening business in Australia. One of the things that set him apart was the fact in essence he was trying to put himself out of business, crazy I know! The reason was simple, to educated clients on ways they can improve their gardens to be low to no maintenance! This meant that for the clients their maintenance costs were lower and from natures perspective it was about creating more balance and harmony within the Eco system. Clients loved the approach, the integrity and honesty of this, as a result business grew and so did Lincon’s reputation. Since starting Platypus Property in 2018 and after several conversations with landlords Lincon realised he needed to take a similar approach in educating and helping people to make their lives as Landlords and Landladies simpler. So what can I do for you? Increase Profits Reduce Your Stress Guarantee Rental Income Decrease Room/Property Vacancy Deliver Property Maintenance to Outstanding Standards Source the Right Tenants for You Provide Peace of Mind All in all You can relax and enjoying your increased profits. Platypus Properties make some money and so do you. Win Win. In this industry some terms and jargon are used, not everyone knows what they all mean. Here’s a break down: HMO  House in Multiple Occupation As defined on gov.uk: (HMO) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’. You must have a licence if you’re renting out a large HMO in England or Wales. Your property is defined as a large HMO if all of the following apply: it is rented to 5 or more people who form more than 1 household some or all tenants share toilet, bathroom or kitchen facilities at least 1 tenant pays rent (or their employer pays it for them) Even if your property is smaller and rented to fewer people, you may still need a licence depending on the area as each council can have there own bylaws so check with your council. R2R Rent to Rent Here’s how it works - I rent your property through your agent thus becoming your tenant (the agent still gets paid) and with your permission sublet/convert the property into a HMO as HMO’s generate a higher cash flow. We pay you a higher rental fee as we are generating income from your property its only fair you receive a piece of the profit pie. Again Win Win. LO Lease with the Option to Buy Generally this is a 3-5 year lease and in that time the property can be purchased at price which was agreed to during negotiations. The great bonus for landlords is they have a guaranteed rental income over the agreed period of the lease. EDC Exchange with Delayed Completion Normally a 12 month contract where contracts are signed and exchanged, on paper the property is sold. The buyer must put some money in the pot to demonstrate their commitment to the deal. This is a none refundable amount so if the deal does not go through you still have some cash out of it to cover cost. JV’s Joint Venture Partnerships Normally a JV invests the money to secure a property and or to refurb it. They leverage Platypus Property’s skills and knowledge in property, as we leverage their cash to grow the portfolio. The profits are split at an agreed rate. Win Win! 50% of something good is better than 100% of nothing which is why JV’s work. BVM Below Market Value There many reasons why someone would sell at BVM, too many to list but here’s a few. Down sizing or Up sizing, Relocation due to job or family, cost to repair the property etc. TS Title Split This is one strategy that is becoming more and more popular due to the potential higher returns. You have a property with a single title, if you have the land and not the money you JV and build a second dwelling, if not you split the property up into flats. As an example - You have a three story house, you split each floor into a flat and you now have three rental income streams as opposed to one, alternatively you have 3 properties to sell. There are of course more terms used in the property industry than I’ve listed but these are the more commonly used ones. To find out more or how we can help contact us.
DIFFERENT BY NATURE
LANDLORDS Lincon moved to England in 2014 prior to that he was running his own successful gardening business in Australia. One of the things that set him apart was the fact in essence he was trying to put himself out of business, crazy I know! The reason was simple, to educated clients on ways they can improve their gardens to be low to no maintenance! This meant that for the clients their maintenance costs were lower and from natures perspective it was about creating more balance and harmony within the Eco system. Clients loved the approach, the integrity and honesty of this, as a result business grew and so did Lincon’s reputation. Since starting Platypus Property in 2018 and after several conversations with landlords Lincon realised he needed to take a similar approach in educating and helping people to make their lives as Landlords and Landladies simpler. So what can I do for you? Increase Profits Reduce Your Stress Guarantee Rental Income Decrease Room/Property Vacancy Deliver Property Maintenance to Outstanding Standards Source the Right Tenants for You Provide Peace of Mind All in all You can relax and enjoying your increased profits. Platypus Properties make some money and so do you. Win Win. In this industry some terms and jargon are used, not everyone knows what they all mean. Here’s a break down: HMO  House in Multiple Occupation As defined on gov.uk: (HMO) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’. You must have a licence if you’re renting out a large HMO in England or Wales. Your property is defined as a large HMO if all of the following apply: it is rented to 5 or more people who form more than 1 household some or all tenants share toilet, bathroom or kitchen facilities at least 1 tenant pays rent (or their employer pays it for them) Even if your property is smaller and rented to fewer people, you may still need a licence depending on the area as each council can have there own bylaws so check with your council. R2R Rent to Rent Here’s how it works - I rent your property through your agent thus becoming your tenant (the agent still gets paid) and with your permission sublet/convert the property into a HMO as HMO’s generate a higher cash flow. We pay you a higher rental fee as we are generating income from your property its only fair you receive a piece of the profit pie. Again Win Win. LO Lease with the Option to Buy Generally this is a 3-5 year lease and in that time the property can be purchased at price which was agreed to during negotiations. The great bonus for landlords is they have a guaranteed rental income over the agreed period of the lease. EDC Exchange with Delayed Completion Normally a 12 month contract where contracts are signed and exchanged, on paper the property is sold. The buyer must put some money in the pot to demonstrate their commitment to the deal. This is a none refundable amount so if the deal does not go through you still have some cash out of it to cover cost. JV’s Joint Venture Partnerships Normally a JV invests the money to secure a property and or to refurb it. They leverage Platypus Property’s skills and knowledge in property, as we leverage their cash to grow the portfolio. The profits are split at an agreed rate. Win Win! 50% of something good is better than 100% of nothing which is why JV’s work. BVM Below Market Value There many reasons why someone would sell at BVM, too many to list but here’s a few. Down sizing or Up sizing, Relocation due to job or family, cost to repair the property etc. TS Title Split This is one strategy that is becoming more and more popular due to the potential higher returns. You have a property with a single title, if you have the land and not the money you JV and build a second dwelling, if not you split the property up into flats. As an example - You have a three story house, you split each floor into a flat and you now have three rental income streams as opposed to one, alternatively you have 3 properties to sell. There are of course more terms used in the property industry than I’ve listed but these are the more commonly used ones. To find out more or how we can help contact us.
DIFFERENT BY NATURE