James Nelson

Registered with Property118.com
Tuesday 11th April 2017


Latest Comments

Total Number of Property118 Comments: 17

James Nelson

18:22 PM, 27th June 2020
About 3 weeks ago

Guaranteed Rental Companies - any pitfalls?

I’d suggest if a year’s rent is paid in advance then the rent is guaranteed. If it’s not then it’s not guaranteed.... Read More

James Nelson

17:18 PM, 27th May 2020
About 2 months ago

Contract only signed by 1 tenant - is it legally binding?

In reality the remaining tenant is not going to cover the rent of the outgoing tenant.

They will be ignorant , or they will feign ignorance of the legalities.

It would be hard work for you to pursue them for the shortage IMO... Read More

James Nelson

14:59 PM, 18th April 2020
About 3 months ago

12 out of 13 tenants asked for "Rent-Free Holiday"?

Reply to the comment left by Monty Bodkin at 18/04/2020 - 12:39
What would you predict the fall will be ? The stock market is 25%+ down. Why won’t the housing market do similar ?

Do you think the banks will be falling over themselves to give mortgages to anyone who has been furloughed ? Or the self-employed who needed government help ?... Read More

James Nelson

12:24 PM, 18th April 2020
About 3 months ago

12 out of 13 tenants asked for "Rent-Free Holiday"?

Those of you talking about selling , what are you expecting to get ? I anticipate the housing market to remain at a virtual standstill for quite a long time. I reckon prices could easily fall by 30% +.

I think if things get that bad that we ‘have to sell’ then things will be so bad that selling won’t be an option.

Am I being overly negative ?... Read More

James Nelson

12:49 PM, 31st January 2020
About 6 months ago

If I am renting out a room do I need to pay tax?

That perhaps needs clarifying Neil. You say the rent cannot exceed £7500 after expenses but then say that you cannot deduct expenses ?

Also , what if it exceeds £7500 ? Is the first £7500 tax free ?... Read More