Mark W

Registered with Property118.com
Saturday 13th January 2018


Latest Comments

Total Number of Property118 Comments: 43

Mark W

15:28 PM, 31st January 2021
About 3 months ago

Handling good tenants in a falling market?

My approach has been to reduce the rent and reduce their deposit over time, little by little. Then I renewed the AST with zero deposit, with a nil increase in rent, despite that rents in Oxford are still rising. Income secure for me and happy tenants, just with a little creativity.... Read More

Mark W

13:52 PM, 5th September 2020
About 8 months ago

Can one buy a property for a friend and charge him rent?

Reply to the comment left by Mike at 05/09/2020 - 03:30
Hello Mike, I suggest you also consider schemes used by Social Landlords/Housing Associations. The A-Rent 2 Buy scheme is used along with B-shared ownership and C-stair-casing, all agreed at the start. Changing ownership from for example : 25% to 50% to 75% TO 100% when possible for your friend. Please do not be put off by the naysayers just be aware it could go wrong, like 40-50% of marriages do.... Read More

Mark W

16:01 PM, 15th August 2020
About 9 months ago

Landlords - Don't complain!

Reply to the comment left by Steven at 14/08/2020 - 11:28
I did not form a LTD company, so how am I "rather self satisfied at being wise after the event"? Please explain.... Read More

Mark W

15:55 PM, 15th August 2020
About 9 months ago

Landlords - Don't complain!

Reply to the comment left by Old Mrs Landlord at 15/08/2020 - 10:58
I apologise if you found my comments insulting as this was not intended. However, we both operate in an ever changing Tax system, with Shelter a powerful lobby seeking to end Small Private Landlords forever. My advice is simple: Beware of Shelter and a Labour PM.... Read More

Mark W

15:45 PM, 15th August 2020
About 9 months ago

Landlords - Don't complain!

Reply to the comment left by Old Mrs Landlord at 15/08/2020 - 10:58
I have never advocated 'Incorporation' for Small Private Landlords (SPLs) with 5 or fewer properties as the costs & hassle are greater than the benefits involved. Many SPLs have 4 or fewer properties so are unlikely to need a legal company/tax structure. Operating as individual means that SPLs are taxed as private citizens, but with the 'charity' Shelter seeking to end our existence asap.
Personally I am moving towards an LLP solution but this is not inexpensive either.... Read More