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June 28, 2010

The honesty puzzle

Filed under: health & fitness,life & business — Kristjan Byfield @ 5:10 pm

How many times do I hear patients complaining about their environment, people around them, friends, partners…?

Our environment is the mirror of our inner world and reality. How can we expect to have the right surrounding if we are not true to ourselves and others? We have the friends, the partners, and the boss that we deserve. If you want to change your surroundings, change how honest you are both with yourself and those around you. Don’t try to be somebody else or you will have somebody else’s friends, partner and boss!

We are like a puzzle piece and our we have a specific purpose. We are a corner or a piece of sky or whatever else but, if we are not true and honest, we can’t be at the right spot on the puzzle. This then puts the rest of the puzzle out of place as you are taking someone else’s place and so the cycle continues…..

If we embrace, respect and love who we really are the world around us will change accordingly and, little by little, the big puzzle will change and the big picture will appear.

Genuine, beneficial change can only happen if you are genuinely honest with yourself. Accepting who we are is the safest and quickest way to evolve and grow.

The more you are true to yourself, the more you will see people that you do not really like disappear and new people appear. Perhaps will you see someone appear around you that can become your partner, your new boss or a great friend?

How can you be yourself? Well, the simplest answer is to work on yourself and try to listen. Do you say ‘No’ when you want to, or do you answer according to how those around you might react? That’s your first step in the right direction! What is the real you? Are you faking reactions? Do you pretend it doesn’t matter when someone hurts you? You can express the fact that it hearts and it will not make you appear weak or overly sensitive. It takes courage to express your emotions.

Your life could be very different if you would really commit to yourself and to what makes you happy instead of spending so much energy trying to please others.

The puzzle is waiting to become a lovely picture and you can help the collective process by truly helping yourself.

This article was written by Denis Gorce-Bourge of www.gblifecoaching.com International Executive Coach, Trainer and Psychotherapist.

June 25, 2010

The Emergency Budget- what this means to the property world

Filed under: finance & mortgages,life & business,property,property management London,taxes — Kristjan Byfield @ 11:47 am

The Emergency Budget earlier this week started with some of the cuts and taxes that had been rumoured. We all know this to be a necessary evil, having buried ourselves in debt over recent years.

What applied to the property market?

Capital Gains Tax (CGT)- Rumoured to increase to 40-50%, the actual increase to 28% for higher rate income payers is far more digestible. With fears this would de-stabilise the private rental sector, whilst making investment less rewarding for many in London, this is manageable.

VAT- this will rise to 20% on 1st January 2011. Causing a nominal increase to those using agent and other property related professional services alike, the 2.5% increase will dent the pocket without, hopefully, over-burdening.

Council Tax- this will be frozen for a year in 2011. This is good news for the private rental sector avoiding increase in living costs for tenants. This helps keep this sector more viable and should help reduce rental defaults.

Unemployment- stats suggest that this should peak this year at just over 8% with a gradual reduction over the next 4-5 years as the country, and its economy, recovers. As this number does reduce, in theory, this means more viable buyers/renters on the market and therefore we should see a gradual growth over this period of demand across the board.

Overall, many would agree that the property sector has escaped relatively unscathed. How we fair in future budgets, and how well these measures work, remains to be seen.

Comments by Labour attacking many of these measures seemed ridiculous- the government that had systematically buried us up to failing point in debt still seemed to think borrowing more was the way forward! I know they have to comment, and couldn’t possibly agree, but really?? Maybe you should have just kept your heads down this time and tried to let us all forget that it was you that put us in this mess in the first place!

June 22, 2010

Google enters the property arena- so what?

Filed under: life & business,property,property management London — Kristjan Byfield @ 7:34 am

Google, has after much anticipation, entered the world of property listings. After much success in both Australia and the US with a similar venture it was only natural that the UK was next on its hit list.

The main beneficiary of this endeavour will be the smaller, independent agents (like us). It will take time for people to recognise this feature on Google (part of the Google maps set-up). Those wanting to find property can simply visit Google maps, type in an area or postcode and then under the ‘more’ options, select for properties to be shown. A host of pins will appear on the map which will show basic info and can be reduced by adjusting a set of filters to match your requirements.

Most of the industry software providers have jumped on this feature and most agents with a privately owned website will be able to have all their properties appear here for a small, one-off set-up fee.

The big property portals such as Rightmove and The Digital Property Group (Findaproperty, Primelocation, etc) have decided NOT to list their properties…..and for the smaller agent, this is a good thing. It enables small agents to market on par with the ‘big boys’ for little or not cost. Unheard of in almost any industry.

Will it change the industry- unlikely as the ability to search for property using a map is already employed but some of the major portals. Are portals doomed for- unlikely, at least for now, as portals cost visitors nothing to use and offer a lot more features (at present) than Google. However this is a tool that will grow in popularity and the smaller agents that embrace it and learn how to use it to their advantage will benefit with the investment of little more than a few man hours.

Anything that helps David take on Goliath(s) has got to be a good thing…..right?

Why ‘Bodyweight Training’ is one of the best workouts

Filed under: health & fitness,life & business — Kristjan Byfield @ 7:33 am

When one thinks about gymnasts and acrobats performing somersaults, hand stands, jumps on vaults and beams and looking superhuman, you can’t help but wonder: “Where does their huge amount of strength and skill come from?”.

I am a big fan of a type of training called Bodyweight Training, which is one of the most natural ways to train as it uses very little or no equipment and involves performing a wide range of exercises by using your own bodyweight.
These are several great reasons for Bodyweight Training:

• It builds your core – with bodyweight exercises you tend to use your core a
lot more than when you’re just doing weights. It’s practically impossible not
to! Why is this important? A strong core means less chances of getting back
pain!
• It builds functional strength – this type of training will enhance the coordinated working relationship between your nervous and muscular systems, which in return means you’ll be seeing substantial improvements to whatever
sport you’re practicing!

• It’s easier on your joints – weights don’t tend to train your stabilizer muscles as well as bodyweight training. You’ll be moving your own body in lots of different directions and at different angles which will help build your stabilizer
muscles and strengthen your joints.

• It will improve your flexibility – at first you might find this type of training a little difficult, but after a few workouts you’ll notice how much more flexible you’ll be!

• It will save you time – the reason we teach bodyweight training is so that you know how to perform these type of exercises when on holiday or at home and in the park since you’ll only need a little bit of space and almost
no equipment!

So here is a simple routine for beginners to get you started:

The Burpee

• Begin in a Squat position with your hands on the floor in front of you
• Kick your feet back, while lowering yourself into a plank position
• Return your feet immediately to squat position
• Leap up as high as possible from the squat position

Walking Lunge

• Stand upright and take a step forward with one leg and lower yourself until your back knee almost touches the ground
• Do not allow the front knee to go forward beyond your toes
• Push yourself upright again, then do the same with the other leg
• Keep moving forward

Squat Jumps

• Begin in a squat position with your hands stretched out in front of you
• Now jump up vertically as high as you can before returning into your initial position
• Do not look on the ground but instead keep focusing on something a few feet ahead of you

Pelvic Raises

• Lie on your back with your hands by your side
• Raise your legs so that your feet are pointing at the sky or the ceiling
• Now raise your buttocks off the ground, pushing your feet up as high as you can
• Return to starting position keeping your feet pointing up

Here’s an idea to perform your routine: go for a jog or a run in your local park if you can. Run for 5min, then stop and do these exercises back-to-back with zero rest in between. You will want to rest, but immediately hit the next exercise!! After it is done, keep jogging for the next 5 min, then repeat.

If you’re starting off from not having done any exercise in a while, I suggest you aim at just going out for a short 20 min workout, which means you’ll be jogging and doing this routine twice, and they’ll approximately last 5min each. Try and do this 2-3 times a week for at least 4 weeks before you start to add another set to the routine.

Just remember to add another 5min of jogging every time you add a set of exercises. This way, your workout will be a 30min one by month two, and a 40min one by month three.

Try it. This is the perfect way to tone your entire body and get ready for the summer!

This article was written by Barbara Brunner of www.brunnertraining.com

June 17, 2010

Can I claim expenses before a rent period has commenced?

Filed under: finance & mortgages,life & business,property,property management London,taxes — Kristjan Byfield @ 1:29 pm

Under some circumstances you can claim various expenses that were incurred before the first letting period.

Repairs may be able to be claimed as an expense against Rental Income when:

-         The property was habitable before the repairs were effected

-         The property was fit for purpose

-         The repairs were for the purpose of making good the existing state of the property.

The general rule is that expenditure on additions, alterations or improvements is of a capital nature but the cost of repairs, ie restoring to original condition, is an allowable revenue expense.

Claiming the above expenses will reduce your tax liability and any excess expenses over rental income can be carried forward to be used against future rental income.

The difference between revenue expenses and capital expenses can sometimes be vague and it is of vital importance that you seek advice from a firm of qualified accountants in order to minimise your tax liabilities.

If you would like to discuss this further and join us at GC Accountants please contact our Tax Partner Harry Charalambou FCA FCCA on 020-8886-3672.

This blog has been provided by Harry Charalambou FCA FCCA of GC Accountants visit: www.gcaccountants.com

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken by GC Accountants or Base Property Specialists Limited for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

June 16, 2010

Google properties go live- what now?

Filed under: life & business,property — Kristjan Byfield @ 11:07 am

Google have, after much anticipation and debate, launched property listings on their UK maps.

Properties will be provided by most of the major portals as well as many agents listing their properties privately. But what does this mean?

For agents, this is a great chance to promote their listings in another, huge, arena at little or not extra cost. The savvy estate agents will request the portals advertising their property NOT to supply them to Google and will instead just list privately. After all, why do you want to drive enquiries to a site full of your competitors, when they can come straight to your own personal site?

For Tenants and Buyers alike, truth be told, it doesn’t offer anything new. Both Rightmove and Findaproperty along with other portals and some agent websites, already offer the ability to search for properties using a map configuration. This is just done through a more popular source.

For Google it is another chance to expand their influence (as if they need it) and if Australia and the US are anything to go by, it will be popular! Hopefully this is a tool that will help independents compete more and more with the bigger corporates and larger portals- but don’t expect the industry to change overnight!

June 15, 2010

Mortgage Life Insurance- do I need it?

Filed under: finance & mortgages,life & business,property — Kristjan Byfield @ 4:29 pm

Mortgage Life Insurance – do I need it?

Mortgage life insurance is life assurance that usually pays out a lump sum equal to the amount owed on a mortgage. So in other words in the event of the death of the policyholder the policy would normally provide cover equal to the balance remaining on the mortgage. This is paid to the nominated beneficiary of the cover. Mortgage protection insurance as it is also known tends to be the least expensive form of life insurance.

Many people consider mortgage protection to be an added expense they can do without. It is an added expense of course in the same way car, household and other forms of insurance are also added yet necessary expenses. These days as life expectancy increases it’s not as big an expense as it once was with some discount premiums costing below £10 a month depending on the age of the policyholder and a number of other factors.

So how important is mortgage protection insurance? Can I get by without it? This really depends on the people it protects. This is of course the people who are left behind rather than the policyholder personally. For those with families who rely on the income of the policyholder such as partners with children or those who can’t work for other reasons, or anyone who would struggle to meet payments, mortgage life insurance is a reassuring item to have. If the policyholder dies the insurance can be used to pay off the entire mortgage in a lump sum and so remove the major financial burden imposed on the surviving relatives who probably have enough to deal with in those circumstances.

The web has a wealth of good websites that can explain the benefits of life and critical illness cover in greater detail. There are sites that have built in quote systems to allow you to quickly find the best rates and policy details and there are many qualified advisors who can provide help and assistance with choosing the right policy and protection for you. As with all such things your own research is invaluable as is a recommended advisor you trust.

This article is by David Whitehouse of www.david-whitehouse.co.uk

June 11, 2010

AST Threshold will rise to ÂŁ100,000 pa on 1st October- be prepared!

Filed under: finance & mortgages,life & business,property,property management London — Kristjan Byfield @ 5:14 pm

It was confirmed on 10th June that the government will proceed with the proposed changes to the AST threshold. At present, for residential tenancies of under ÂŁ25,000 per annum, where the property is let as a whole for less than 3 years- the property must be let on an AST. Properties let to companies or in excess of ÂŁ25,000 per annum would either typically be drawn up as Common Law Agreement or a General Tenancy Agreement.

This meant that, when the new Security Deposit protection legislation came in to effect on 6th April 2007, private tenants paying over ÂŁ25,000 per annum and (in London) Security Deposits of around ÂŁ3000+ were not protected.

This is all now set to change. The threshold for ASTs is set to increase on 1st October from ÂŁ25,000 to ÂŁ100,000 per annum. Due to the strict rules in place regarding the handling of Security Deposits and their registration with one of the 3 approved schemes (TDS, TDSL and The DPS) it is vital that Landlords, Property Managers and Lettings Agents alike operating in this sector of the property market monitor this matter closely. There are heavy penalties for defaulting in place and, at these levels of rent, the fines could be as high as ÂŁ50,000+.

It has been confirmed that this will apply to current as well as future tenancies although there may be exceptions for tenancies that have been in place for over a certain period of time. Whatever happens, Landlords, Tenants and Agents alike must follow this closely to ensure they are fully aware of both their rights and obligations.

I recommend that you talk to your agent, seek advice from one in the know or contact the Deposit Schemes for further information and ongoing updates.

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