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Sun and Moon Properties

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Sun and Moon Properties

We buy houses, do them up and rent them out! We help other people achieve their financial freedom

11/10/2022

Good morning! What a beautiful day & good roof work!

07/01/2022

❤️

Just before Christmas, we got a letter from the water company notifying us a leak of the supply pipe was detected . Now The supply pipe of this rental property has been fixed. It took 4 people the whole morning's work.

There is never a dull moment in property.

03/12/2021

Happy Friday!

It seems that we need to continue to work during this weekend to push forward the progress of our new and existing project.

👉We have made some phone calls to our architect and our builder to make some changes of the original plan of our new house conversion project. We have to axe some of the elements of the existing specifications to make the number works for us. Always follow the numbers, not your heart.

👉We have also got a quote from a local plumber to fix a leaking supply pipe, and it costs £650 plus VAT for just an inspection, no idea how much will it cost to fix it. 😭 So, always have sinking fund available to cover those unforeseen maintenance issues.

👉We also viewed another property with development potential this morning, and now need to do some number crunching to see if it works.

What is your weekend plan? Working or winding down?

02/12/2021

There is never a dull moment in property.

Our tenant forwarded a letter from the water company informing us there is a leakage of the supply pipe. 💦💦

The tenant was away for a few days and they only saw the letter today, which is already 10 days later.

If it is 60 litters per hour, then the water loss could have accumulated to over 14,000 litres already!!! 🌊🌊🦆🐠

Luckily there is no visible damage yet but need to speak to the water company and the insurance company immediately to get it sorted as soon as possible.

Has anyone experienced this before? (hope you never have to)

01/12/2021

We have been exploring all sorts of methods to improve the energy efficiency in our properties, and we are seriously considering to use air source heat pump in our new build flats which are due to complete next Spring.

We are in discussion with our architect to alter the heating system design and hopefully the change won't increase the building cost too much.

Do you have have any experiences with heat pumps?

30/11/2021

Do you know how to quickly check if your prospective tenant can pass the reference?

Dividing their gross annual income by 12 then by 2.5, if the figure is above the monthly rental figure then they should be able to pass (assuming no other bad credits). If not, you can ask them to provide a guarantor.

Why it is important that they need to pass the checks?

Because your landlord insurance will not cover any lost rents if your have taken on a tenant who did not pass the checks.

29/11/2021

We completed this house 2 weeks ago and here is our key 🔑 photo 🥳

Asbestos survey and tree survey have been done; full planning permission application has been submitted; tender pack has been sent out and quotes have come back. Builders can crack on once we finalise some details.

If you know any unloved properties in OX and GL areas (the Cotswolds), we are here to buy, and you will be paid for referral fee after completion.

Address

5 South Parade
Oxford
OX27JL

Website

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