Rent increases set to double in 1 year

[diy_fun_uk]

Do you have rent controls in scotland

It's coming

Rent controls

How rent control areas will work in Scotland.

www.gov.scot

 

[diy_fun_uk]

Since you ask, homeless people whom they have a statutory duty to house.

Yes, they did say the property could be used for emergency housing.

I'm currently redecorating the entire property myself. It needed gutted and complete refurb after the last tenants left it in a state of disrepair ... after not paying rent for 10 months out of 11.

So no, sorry, I won't allow it to be used for what could end up being a high turnover of people. And sorry, I certainly don't want it used to house any small boat folk.

 

[JohnD]

Yes, they did say the property could be used for emergency housing.

So why did you ask?

Hatred of the homeless, perhaps.

 

[aveatry]

So why did you ask?

Hatred of the homeless, perhaps.

How can he hate homeless as that is literally what he is doing as a landlord - homing those who are homless

 

[diy_fun_uk]

So why did you ask?

Hatred of the homeless, perhaps.

Why did I ask what?

I didn't ask them diddly squat.

Jog on ...

 

[noseall]

Any guesses who they'd be putting in it? So that'll be a no from me

No. Who, prey tell?

 

[noseall]

Why did I ask what?

See above.

 

[ReganAndCarter]

I have three BTLs. One of them is currently being refurbed. I'm seriously considering just selling it because of the guff landlords are having to put up with.

I did the maths recently and realised that I could sell our buy to lets and if I could get 5% in a savings account with the money from the sale we would earn the same as our net from rental. Without all the aggro. Of course the only two problems with this are that reasonable returns on savings and investments may not last and you don't get the appreciation on capital that owning bricks and mortar gives you. However as we get older the no aggro factor become more appealing and the need for the rising value of the property decreases. Luckily half of ours are commercial which while not so lucrative comes with far lower costs, aggro and bureaucracy. Plus that demented hapless idiot in number 11 hasn't got around to targetting commercials with her politics of envy yet.

 

[ReganAndCarter]

Since you ask, homeless people whom they have a statutory duty to house.

Other countries' homeless people.

 

[noseall]

I have three BTLs. One of them is currently being refurbed. I'm seriously considering just selling it because of the guff landlords are having to put up with.

Bless, poor luv.

I did the maths recently and realised that I could sell our buy to lets and if I could get 5% in a savings account with the money from the sale we would earn the same as our net from rental

Make sure you tell the forum about your profits, we'd all love to hear.

 

[SPLINE]

It's prophets not profits for this government.

 

[pete01]

Bless, poor luv.


Make sure you tell the forum about your profits, we'd all love to hear.

You sound a bit jealous buddy....just sayin.

 

[noseall]

You sound a bit jealous buddy....just sayin.

I'm doing ok ta. I have enough.

 

[pete01]

I'm doing ok ta. I have enough.

Good

 

[diy_fun_uk]

I did the maths recently and realised that I could sell our buy to lets and if I could get 5% in a savings account with the money from the sale we would earn the same as our net from rental. Without all the aggro. Of course the only two problems with this are that reasonable returns on savings and investments may not last and you don't get the appreciation on capital that owning bricks and mortar gives you. However as we get older the no aggro factor become more appealing and the need for the rising value of the property decreases. Luckily half of ours are commercial which while not so lucrative comes with far lower costs, aggro and bureaucracy. Plus that demented hapless idiot in number 11 hasn't got around to targetting commercials with her politics of envy yet.

Yeah, I'm going to get it valued once refurbed and will decide from there. I'm not at the higher end of the BTL game, far from it, however a bit like your calculations, if I shove any profit I make from the sale into my S&S ISA, I'll probably be making roughly the same gains however as you say, without owning the property.