Diversification of investments is a fundamental. Our property portfolio is heavily into BTL but we are gradually shifting towards small children's homes which have the security of the underlying asset (regular houses) combined with the benefits of a long commercial...
Profits feed into a Ltd company. Employer pension contribution is made (£40k per person this tax year, £60k next tax year). These contributions are tax deductible so you should never pay corporation tax. If you are cash rich and have...
It's Motorhome all the way for us! Ireland and France twice (for Rugby World Cup) is the plan this year. As a heads up for anyone with ISA funds we've found a great method of sticking with property (It's what...
John, there are any number of solutions to deal with your tax position. If this is all you want then I'd do my own research and get a decent property tax adviser (mine is wonderful). Your pension position will be...
The consequences of this bill, if unamended, on availability of student lets will be huge. We have 30 HMO rooms in great locations that we are now being forced to repurpose after the next academic year. We will be fine...
We use Xero with bank account feeds and track income and expenses by property for our 50+ units using their Caregories feature. Works really well and our accountant has direct access so our year end involves us sending them opening...
Reply to the comment left by Stephen Johnson at 23/09/2022 - 05:51I think Stephen's approach is the most sensible if you can get all of your tenants to cooperate. The issue is that if one or more of them won't...
I think there are two separate "insurance perils" involved here. One is Malicious Damage by a tenant and the other is Theft by a tenant. It may also be split between landlords contents and buildings (depending on the insurers definition...
I have read most of the comments in this thread but have not seen the ACTUAL clause purporting to provide the cover. I just checked our wording with RSA and it's very clear that it only applies where WE are...
Reply to the comment left by Angela Inventories at 09/08/2021 - 19:31Angela, I am sorry your service from UW has been poor. I have 8 HMOs with them for gas, electric and broadband, plus my own home and various SIM...
I have become a UW Partner and put all our HMO utilities through them. We earn from our own bills but that's not the main reason for using them. Their systems are good and bills plain and easy to understand....
We have 18 rooms over 3 high quality HMOs in Derby. Delighted to say they are all let for 2021/22 year. Our marketing has been done well by the agent, including videos. Good luck to everyone. I'm sure the market...
David, it's so important to plan your exit in any commercial enterprise. Despite this it's surprisingly uncommon for people to do so when they start it. If you are going to enjoy working this through on a transaction by transaction...
Reply to comment left by Lou Valdini at 30/03/2024 - 09:06
Getting a relationship with a care provider is key. I'd be happy to share our experience. [email protected] 07785 948851
Read More →30th March 2024, 2 years ago
Diversification of investments is a fundamental. Our property portfolio is heavily into BTL but we are gradually shifting towards small children's homes which have the security of the underlying asset (regular houses) combined with the benefits of a long commercial...
Read More →Reply to comment left by Lou Valdini at 30/03/2023 - 19:42
Profits feed into a Ltd company. Employer pension contribution is made (£40k per person this tax year, £60k next tax year). These contributions are tax deductible so you should never pay corporation tax. If you are cash rich and have...
Read More →25th March 2023, 3 years ago
It's Motorhome all the way for us! Ireland and France twice (for Rugby World Cup) is the plan this year. As a heads up for anyone with ISA funds we've found a great method of sticking with property (It's what...
Read More →25th March 2023, 3 years ago
John, there are any number of solutions to deal with your tax position. If this is all you want then I'd do my own research and get a decent property tax adviser (mine is wonderful). Your pension position will be...
Read More →25th March 2023, 3 years ago
The consequences of this bill, if unamended, on availability of student lets will be huge. We have 30 HMO rooms in great locations that we are now being forced to repurpose after the next academic year. We will be fine...
Read More →15th January 2023, 3 years ago
We use Xero with bank account feeds and track income and expenses by property for our 50+ units using their Caregories feature. Works really well and our accountant has direct access so our year end involves us sending them opening...
Read More →Reply to comment left by Don MacIver at 15/10/2022 - 16:37
Yes Don, assuming they are on a residential supply.
Read More →Reply to comment left by Stephen Johnson at 23/09/2022 - 05:51
Reply to the comment left by Stephen Johnson at 23/09/2022 - 05:51I think Stephen's approach is the most sensible if you can get all of your tenants to cooperate. The issue is that if one or more of them won't...
Read More →20th September 2022, 4 years ago
I think there are two separate "insurance perils" involved here. One is Malicious Damage by a tenant and the other is Theft by a tenant. It may also be split between landlords contents and buildings (depending on the insurers definition...
Read More →20th November 2021, 4 years ago
I know this is frustrating for you but in terms of lessons for others the GDV drives EVERYTHING. Who calculated it and how? Where's the evidence?
Read More →20th November 2021, 4 years ago
I'd say your issue is with the original £970,000 GDV so called 'valuation'. How was this calculated and with what sold comparables to evidence it?
Read More →Reply to comment left by Carole Wicklow at 03/10/2021 - 14:54
Reply to the comment left by Carole Wicklow at 03/10/2021 - 14:54I would agree that your wording is more ambiguous. Who is the insurer?
Read More →2nd October 2021, 5 years ago
I have read most of the comments in this thread but have not seen the ACTUAL clause purporting to provide the cover. I just checked our wording with RSA and it's very clear that it only applies where WE are...
Read More →Reply to comment left by Angela Inventories at 09/08/2021 - 19:31
Reply to the comment left by Angela Inventories at 09/08/2021 - 19:31Angela, I am sorry your service from UW has been poor. I have 8 HMOs with them for gas, electric and broadband, plus my own home and various SIM...
Read More →2nd August 2021, 5 years ago
I have become a UW Partner and put all our HMO utilities through them. We earn from our own bills but that's not the main reason for using them. Their systems are good and bills plain and easy to understand....
Read More →3rd April 2021, 5 years ago
We have 18 rooms over 3 high quality HMOs in Derby. Delighted to say they are all let for 2021/22 year. Our marketing has been done well by the agent, including videos. Good luck to everyone. I'm sure the market...
Read More →23rd January 2021, 5 years ago
David, it's so important to plan your exit in any commercial enterprise. Despite this it's surprisingly uncommon for people to do so when they start it. If you are going to enjoy working this through on a transaction by transaction...
Read More →