As an ex-landlord, but looking after my brother's BTL whilst he's abroad, I can't help but pick up on the sheer panic that permeates these pages now. Now is not the time to behave like headless chickens. It's the time...
I see these clowns are still gorging from the trough - and apparently are still as useful as a chocolate teapot. So, on top of having a tory govt behaving like a socialist one and shafting LLs - you have...
Reply to the comment left by Monty Bodkin at 01/04/2020 - 20:31Hi Monty, I wonder if you recall us 'jousting' on here a couple of years ago when I sold up a large amount of (all) properties. I decided to...
At least you have learned that your accountant is not worth retaining. Show him this thread - then fire him and get a property-friendly one. It would also be a bonus to get one who respects their customers too. Clearly...
Just tell them during first contact. They will soon realise it anyway and then maybe think you strange for not mentioning it. You might then, if they bring a pet in, have major problems to deal with. It will definitely...
Thanks Mark for pointing out Monty's schoolboy error in thinking the CGT tax payable was 61% higher than it actually is. I'm guessing he isn't a tax advisor :) Monty, why do I get the feeling that you are gunning...
Totally agree Mark on how it will probably pan out. I am just using the whole sorry state of things as a motivating force to leave and let some poor sap step in. The potential returns in property now dont...
Reply to the comment left by Barry Fitzpatrick at 31/03/2018 - 17:05Exactly Barry. It must be great when, if you have a problem, in this case tax revenue, you just change the laws to get more income. In many cases...
Agents are just bothered about selling-you on a tenant. They want someone in there quickly - then their money rolls in. Agents work for themselves. I dont take HB tenants ever either. Not because lots of them are trash either....
Apart from his sanity being questionable by getting into this industry, I can't see the problem. Laid out on paper, numbers-wise, BTL makes lots of sense. It is only when you get into the game that you start to learn...
I'm now at the stage where I love reading articles like this as it motivates even more to get out of this lunacy. We completed this week on a portfolio sale of another set of properties - 19 this time,...
I suggest you get them credit checked at the very least if nothing else. Then, if they pass, ideally you should meet them face-to-face too at their home (they need to be home owners). This achieves lots. You can assess...
Reply to the comment left by Rob Spencer at 20/03/2018 - 12:02I think you will be fine. To me, the guarantor is key. But leave them in no doubt about what they are taking on too. They are usually mum...
We started not taking deposits about 4 years ago. We saw it as a marketing opportunity, along with no signing up fees too, and it allowed us to increase rents by about 10%. It saved almost £1k outlay for our...
As Neil says, if you want them to definitely stay another 12 months - then yes try to get them to sign. They might jump at the chance. At least if they dont then it may indicate to you that...
The Whitehall bods simply think all their visionary strategic planning will fall into place nicely. This article is a great example of it not happening as hoped in the real world - but also brings into play the lack of...
The way to avoid this though is to take high resolution shots of every part of the carpet. You can do that with about 10 shots in every room. They can then be zoomed in on via a big screen....
Interesting that the main response to this topic is that commentators seems resigned to the fact that it’s only going to get worse by being a landlord. However, there also seems to be many here who are determined to fiddle...
Reply to the comment left by Ian Narbeth at 09/03/2018 - 15:29The point is surely that just to rely on first class post is stupid - even with certificate of posting. If you blitzed the tenant with all the above...
2nd April 2020, 6 years ago
As an ex-landlord, but looking after my brother's BTL whilst he's abroad, I can't help but pick up on the sheer panic that permeates these pages now. Now is not the time to behave like headless chickens. It's the time...
Read More →2nd April 2020, 6 years ago
I see these clowns are still gorging from the trough - and apparently are still as useful as a chocolate teapot. So, on top of having a tory govt behaving like a socialist one and shafting LLs - you have...
Read More →Reply to comment left by Monty Bodkin at 01/04/2020 - 20:31
Reply to the comment left by Monty Bodkin at 01/04/2020 - 20:31Hi Monty, I wonder if you recall us 'jousting' on here a couple of years ago when I sold up a large amount of (all) properties. I decided to...
Read More →4th July 2018, 8 years ago
At least you have learned that your accountant is not worth retaining. Show him this thread - then fire him and get a property-friendly one. It would also be a bonus to get one who respects their customers too. Clearly...
Read More →4th April 2018, 8 years ago
Just tell them during first contact. They will soon realise it anyway and then maybe think you strange for not mentioning it. You might then, if they bring a pet in, have major problems to deal with. It will definitely...
Read More →3rd April 2018, 8 years ago
Thanks Mark for pointing out Monty's schoolboy error in thinking the CGT tax payable was 61% higher than it actually is. I'm guessing he isn't a tax advisor :) Monty, why do I get the feeling that you are gunning...
Read More →1st April 2018, 8 years ago
Totally agree Mark on how it will probably pan out. I am just using the whole sorry state of things as a motivating force to leave and let some poor sap step in. The potential returns in property now dont...
Read More →Reply to comment left by Barry Fitzpatrick at 31/03/2018 - 17:05
Reply to the comment left by Barry Fitzpatrick at 31/03/2018 - 17:05Exactly Barry. It must be great when, if you have a problem, in this case tax revenue, you just change the laws to get more income. In many cases...
Read More →31st March 2018, 8 years ago
Agents are just bothered about selling-you on a tenant. They want someone in there quickly - then their money rolls in. Agents work for themselves. I dont take HB tenants ever either. Not because lots of them are trash either....
Read More →31st March 2018, 8 years ago
Apart from his sanity being questionable by getting into this industry, I can't see the problem. Laid out on paper, numbers-wise, BTL makes lots of sense. It is only when you get into the game that you start to learn...
Read More →31st March 2018, 8 years ago
I'm now at the stage where I love reading articles like this as it motivates even more to get out of this lunacy. We completed this week on a portfolio sale of another set of properties - 19 this time,...
Read More →27th March 2018, 8 years ago
I suggest you get them credit checked at the very least if nothing else. Then, if they pass, ideally you should meet them face-to-face too at their home (they need to be home owners). This achieves lots. You can assess...
Read More →Reply to comment left by Rob Spencer at 20/03/2018 - 12:02
Reply to the comment left by Rob Spencer at 20/03/2018 - 12:02I think you will be fine. To me, the guarantor is key. But leave them in no doubt about what they are taking on too. They are usually mum...
Read More →20th March 2018, 8 years ago
We started not taking deposits about 4 years ago. We saw it as a marketing opportunity, along with no signing up fees too, and it allowed us to increase rents by about 10%. It saved almost £1k outlay for our...
Read More →20th March 2018, 8 years ago
As Neil says, if you want them to definitely stay another 12 months - then yes try to get them to sign. They might jump at the chance. At least if they dont then it may indicate to you that...
Read More →19th March 2018, 8 years ago
The Whitehall bods simply think all their visionary strategic planning will fall into place nicely. This article is a great example of it not happening as hoped in the real world - but also brings into play the lack of...
Read More →19th March 2018, 8 years ago
The way to avoid this though is to take high resolution shots of every part of the carpet. You can do that with about 10 shots in every room. They can then be zoomed in on via a big screen....
Read More →17th March 2018, 8 years ago
Interesting that the main response to this topic is that commentators seems resigned to the fact that it’s only going to get worse by being a landlord. However, there also seems to be many here who are determined to fiddle...
Read More →13th March 2018, 8 years ago
Perhaps the press would be interested to see that response? Knowing if a discount was applied is surely of interest to UK taxpayers.
Read More →Reply to comment left by Ian Narbeth at 09/03/2018 - 15:29
Reply to the comment left by Ian Narbeth at 09/03/2018 - 15:29The point is surely that just to rely on first class post is stupid - even with certificate of posting. If you blitzed the tenant with all the above...
Read More →Showing 20 of 59 comments