John Nyari, Author at Property118

John Nyari

Landlords leaving the sector is a process. When it is said that there is little or no evidence that this is so ignores the fact that for most tenancies it takes time. Personally I wait for tenants to move out...

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I have several HMOs. One day a tenant asked if she could have a rabbit. Fine I said as long as it stays outside and does not come in the house. All was good until winter when the hutch had...

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They are starting to max out on taxing income. So the obvious next thing is assets. Look at farmers, look at pensions. What happens when there is nothing left to squeeze. They don't say it out load but they don't...

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I thought that under RRB that tenancies are all periodic and so there is no renewal (for single lets at least).

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Exodus is melodramatic. I imagine many landlords will be similar to myself selling properties as and when they become vacant (as long as they can afford to do this). I have sold 2 HMOs and selling a third (as rooms...

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The first thing to understand is that the government do not want small landlords, they want large corporations. This message has been below the radar but has popped up from time to time. First, discourage being a landlord by increasing...

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It is my prediction (partly because I am helping it come true) that many landlords will leave the market but in slow motion. It is not in my interest (or my tenants) to evict just because of the RRB fiasco....

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Tenant runs up £882.60 on prepayment meter?

29th September 2023, 3 years ago

I have a flat with a prepayment meter that had a debt of 1000 when the tenant moved out. I was unaware of this at the time but needed to renovate the place. I noticed I was burning through topups...

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Reply to the comment left by Penny Lyon at 11/09/2023 - 11:01When transferring assets into your company you are also transferring liabilities (mortgages). HMRC have set rules on what is permitted in order to achieve incorporation relief and the following...

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An important factor is finance. If you have mortgaged properties then as long as your provider permits the transition to a company i.e. effectively continue the finance arrangement then it's ok. If you have to remortgage though then HMRC say...

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John Nyari

John Nyari


Registered with Property118.com

10th September 2023

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