Originally posted by vetran
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Is being a landlord that great?
Collapse
X
-
...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
-
Originally posted by darmstadt View PostNo wonder, with that nylon stuff you had down, everyone was walking around looking like Don King :-)'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
My last tenants were a disaster - trashed the place and left a lot of debts related to the property.
If your tenants are not UK - get their passport numbers + visas verified.
Put water on a meter - so you can identify sub-letting.
Inventory companies - stupid, idle & arrogant about their 'profession' - check and double check their documents - take your own photos and videos for proof - they claim their descriptions are more accurate than photographic evidence !
Anyone a landlord in Glasgow?Comment
-
Originally posted by d000hg View PostWere you using agents to simply help you out while you were responsible? They don't do a great deal in that scenario - or get paid much. One would hope they'd be less crap with a managed service because they only get paid when the rent comes in!
Not for us. It would be hugely profitable if we didn't have gaps between tenants, have to redecorate 'cos they ruined it, etc... mortgage interest is £61pcm on a£60k house and rent ~400pcm which is a great yield.
It's pretty easy to look for houses up for let, and houses on the same street up for sale, and see if letting would only make sense on a cash purchase, or would still be profitable on a mortgage basis.
I'd suggest like with contracting, assume the place is empty 3 months a year.
Ultimately this cost me two months of rent and was the point were I stopped using agents. Given I've such a significant portion of my retirement invested in this, I now keep much closer control over things.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment