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Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main ways - open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion and theft.

 

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A quick note to remind you about a change which affect both those with existing investment properties and those intending to buy investment properties.

Please note that the new Gas Safe Register TM replaced the CORGI gas registration scheme that several of us have become so familiar with over the years as Great Britain's gas safety authority on 1st April 2009.

Only Gas Safe registered engineers should be employed to carry out work on gas installations or appliances by law as from 1st April 2009 - CORGI gas registration became invalid.

The 120,000 engineers currently verified under the CORGI scheme are now registering with Gas Safe Register so they can continue to work legally.

Those of you with existing portfolios will be pleased to note that finding a Gas Safe registered engineer will never been simpler. As from 1 April 2009 you are able to find an engineer in your area online - at http://www.gassaferegister.co.uk - or by calling 0800 408 5500.

Those registered engineers will be identified with the new yellow Gas Safe Register logo, and every engineer will carry a Gas Safe Register ID card with their own unique licence number.

Gas safety is a life or death matter that affects the entire nation. It is considered that the new Gas Safe Register will help raise public consciousness about the dangers of using unregistered installers and inform all how straightforward it is to avoid such dangers by always using a registered engineer.

The message from HMO Mentor is this

Where you are an experienced property investor and have used the same CORGI registered installer for years - check their new Gas Safe Register ID card.

Where you are a novice investor please do start as you mean to continue and before you have any gas work done in your investment property check the proposed installer's Gas Safe Register ID card.

by Debra Rice
HMO Mentor
 
 
Ajay Ahuja exposed on BBC 1’s Inside Out
 
 
Times are tough and right now, cashflow is king.

 Click link below for the definitive guide on how to survive the credit crunch through HMO’s – a guide for landlords by a fellow landlord. It’s important to realise that opportunities still exist to make substantial yields but the only way you will make these kinds of returns is to buy a property that you let out to multiple people.

 

Often known as a house share, multi-let or HMO (house of multiple occupation), these types of properties make average investment yields of 10-20% depending on the area.

 

A lot of people are scared off HMO’s because of bad press about “licencing”, “rules”, “fire regulations” and “lots of management” – but don’t be.

 

Don’t worry about learning this stuff;

 

 MATHEW MOODY had to learn it all the hard way but  as you read this report, you’ll be on the right track and avoid all the mistakes he made when he first started out!

He owns and manages HMO’s with over 60 tenants in them across four counties so you can rest assured that he will give you the quickest tried and tested route to market every time.

It’s not simple to operate a HMO but it’s a lot easier than most people think!

 

So here’s how you do it in 90 days.
 
 
 Napoleon Hill, author of "Think and Grow Rich" stressed the importance of masterminding at two critical phases in his sixth step toward riches. At the onset of our planning we must have mastermind group input. As we implement and adjust our plans we must continue to maintain our relationship with the group.

Most people are ready to grow rich but really have no idea of where to start, much less the processes involved.

Previous steps prior to organized planning include:

  • Desire or a burning passion to acquire riches or some other goal.
  • Faith that you will obtain your desires.
  • Autosuggestion to enable you to build your faith.
  • Specialized knowledge as may be required.
  • Imagination to conceive the idea which you will use to obtain your riches or goal.
As we progress through the steps toward our goal, we have arrived at the point where our initial desire will be as Mr. Hill described it, "crystallized" into action. This will require planning.

This is not to be confused with our initial plan which contains our goal, expected date to receive our goal, etc. This plan is where we begin to take definite action.

You may ask why you need to have a plan when you know what you want.

Napoleon Hill said it best. "No individual has sufficient experience, education, native ability, and knowledge to insure the accumulation of a great fortune without the cooperation of other people"

What he is saying is that you will need to jointly plan with your group. The original idea may be your own creation, but the final version and its methods of implementation must be a joint venture.

Masterminding is certainly not a new or unique concept. It is no more than a group of individuals with mastery in various and numerous subjects pertaining to your particular needs, coming together to advise you and critique your plans.

Mr. Hill deemed this step as absolutely essential. Do not neglect it!

How to form a mastermind group:

  • Research and seek out people who may assist you with your plans.
  • Form an alliance with as many people as you need to create and help you carry out your plan or plans.
  • As you form the alliance, decide what service you will render in exchange for their alliance. This may be money or a service.
  • Arrange to meet with this group as often weekly as is necessary to create and implement your plan.
  • Establish and maintain a harmonious relationship among all members. This again is an absolute essential.
The advantages of a mastermind group:

  • Allows you, with the help of the group, to formulate plans that to the best of everyone's collective knowledge are sound and faultless.
  • Enables you to "fall back and regroup" if your plan does not work and you have to make adjustments or new plans.
Your ideas may indeed be sound, however your plans may not be and therefore you don't achieve what you desire. This is where most simply give up. Most people give up on the idea rather than press on until they find the successful plan.

As Mr. Hill illustrates in his text, Thomas Edison experienced ten thousand "temporary defeats" before he perfected the incandescent light bulb. Yes, ten thousand!

If you really having a burning desire for riches, you will need a fiery persistence to build and if need be rebuild your plans, never admitting final defeat.

"No man is ever whipped, unless he quits in his own mind", Napoleon Hill, "Think and Grow Rich".

 

Article Source: http://EzineArticles.com/?expert=Gerrald_Hendrix