White Goods Rental for Landlords – does it make sense?Make Text Bigger
Most of my properties have integrated appliances and where they don’t I’ve always purchased white goods outright as opposed to renting them. I treat white goods as part and parcel of the rental package I provide for tenants whether the property is advertised as furnished or not.
It has been interesting to read on this forum that some landlords don’t provide white goods at all. I’ve read a readers question about whether it’s the law to provide a cooker and another with lots of landlords debating whether it’s a good idea to provide a washer dryer.
My question is about renting white goods. I’ve had a quick Google and there are, to my surprise, still plenty of companies who rent household goods, not just TV’s but white goods too.
The last time I heard of anybody renting household goods was parents who always used to hire a black and white TV from Radio Rentals in the 1970’s!
Is hiring becoming fashionable again?
More to the point, does it make economical sense to landlords?
I’ve heard that there are big tax changes coming in terms of capital allowances in April so I doubt we will be able to offset the costs of providing or replacing white goods after that. I’m also wondering whether the hire charges for white goods could be offset against rental income as a business expense? I suspect they are.
When I think back to my parents justification for renting their TV the same logic does seem to fit the mindset of landlords. We don’t like the upfront costs unless we can borrow the money and we certainly don’t like sorting the problems when these things break down. Also, if we do decide to sell a property, what do we do with the white goods? We tend to give them away to the purchaser as part of the sale of course and that doesn’t make a lot of sense either does it?
My question is; do you rent white goods such as Fridge Freezers, Washer Dryers etc. and does it make financial sense?
Might this become more fashionable amongst landlords when the tax laws change?
I look forward to reading your replies.
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