Just how worried landlords are by the impact of Coronavirus on the ability of tenants to pay their rent was highlighted by a group of nearly 500 landlords and letting agents attending a webinar held by Paul Shamplina.
The star of Channel 5’s Nightmare Tenants, Slum Landlords TV show and founder of Landlord Action, who has over 20 years’ experience working with landlords, says the one-hour webinar was a lively affair during which participants fired nearly 100 questions at him.
Shamplina outlined best practice for landlords during the Coronavirus crisis including the knotty problems of mandatory property inspections, the new Right to Rent rules, renting properties during the crisis, what to do when tenants are struggling to pay the rent, and the key challenges of managing HMOs where tenants have self-isolated or caught the virus.
He also advised landlords on how to deal with their lender if they get into mortgage arrears, updated attendees on the latest changes to eviction regulations and how the crisis affects deposits.
But landlords has many other topics on their minds during the seminar and fired off many questions, which Shamplina is now working hard to answer.
A significant majority of these were about how to handle tenants who are struggling to pay their rent.
One landlord asked if it was possible to see a tenant’s last three months’ bank statements to assess their financial position, how to tell the difference between valid and invalid rent reduction requests, what happens if tenants quit a tenancy early but still want their deposit back and whether not paying rent now would validate a future evictions once the crisis is over.
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