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  • FIRST POST
    • TallGirl
    • By TallGirl 16th Sep 16, 3:46 PM
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    TallGirl
    The trials & tribulations of a 1st time landlord & investor
    • #1
    • 16th Sep 16, 3:46 PM
    The trials & tribulations of a 1st time landlord & investor 16th Sep 16 at 3:46 PM
    Dear all
    I've been around a long time on this MFW for a long time and I love it. Keeps me on track and helped me pay off my mortgage 9 years early. I'm on the verge on starting something new so I thought I would start a new diary and focus it more on money saving and less on personal stuff. My life was quite steady and stable until April 2015 when I left my husband and took a one year job in London all made easier and more ore possible because I was mortgage free.

    My job ended in July 2016 and I had hoped to stay within the organisation in a new job but I didn't get it and they didn't recruit anyone else. I am a great believer in that things will happen for the right reason and good things come to good people. Whilst on holiday and on my birthday I was told my ex had died and as we were still married I now owned the whole house plus his pensions and share in the small family business.

    I applied for a new job whilst on holiday and I start that Monday its 28 hours a week with Friday's off and it's obviously on less month than my previous full time one.

    I have been busy in the last two months sorting the house out so I can rent I out from October which will give me an income as well.

    I have been trying to get his affairs in order so I can apply for probate and I'm getting there. So good folks if you want to read about the following kinds of topics then please feel free to read and or comment:
    • How to be an accidental landlord
    • How to go about getting probate and IHT sorted
    • How to invest an inheritance
    • How to keep accounts as a landlord
    • How to save money on everyday things whilst living in London

    There will be more and I often stray into personal totally unrelated money stuff so just gloss over that if you find it boring.

    So here we are start of something new so a quick update on where we are with the above topics.

    1. Property should be ready after 27/9 as carpets going down then. Estate agent doesn't want to market it before it's completely ready. Once painter is done need to arrange final clean and my old cleaner to hang curtains.

    2. My accountant friend has suggested the valuation of the family business is ok to use and my new IFA confirmed the two pensions are outside inheritance tax so I should be able to more forward on this very soon.

    3. Meeting the IFA 30/9 potential inheritance will be around £190k will need to pay funeral expenses but want to invest most of it.

    4. I need to read up on how to keep accounts as a landlord not sure I need an accountant but as I'm now a part business owner I might have too. Will definitely register with Inland Revenue but as house isn't rent out yet nothing has changed.

    5. Finally I love saving money from getting the best deal to using coupons and tokens. I'm very good but can also be very bad. It's expensive to live in London but I'm a property guardian so my rent is so so cheap so I should really save lots of money. I promise I'll do a budget once I get my new wages, I would rather live on this than have to use my income from my property but might be difficult .

    Ok I will end there and try and keep on the straight and narrow in terms of sticking with money saving stuff.
    Last edited by TallGirl; 17-06-2017 at 10:25 AM.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
Page 11
    • bugslet
    • By bugslet 26th May 17, 8:44 AM
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    bugslet
    Well you've got to go for it. Sometimes if your face fits the place and you fulfill a lot of the criteria, companies can overlook the lack of experience.

    Give it your best shot!
    • Tahlullah
    • By Tahlullah 26th May 17, 7:20 PM
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    Tahlullah
    I agree with bugslet. Best of luck on this one!!

    Tx
    Striving to be mortgage free.
    • TallGirl
    • By TallGirl 27th May 17, 8:21 AM
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    TallGirl
    Thanks guys means a lot yes I will go for it friend feedback I needed to add more of my other experiences which I have done but need to re read it then borrow her computer later to format it. I forgot to bring my laptop down and an iPad is no good really for word.

    Hairdressers today golf was good yesterday saw loads of friends at old club loved it felt right at home. DG played much better I was actually really proud of her.

    Sat eating breakfast DG asleep snoring a bit hungover but not too bad. Housesitting is fun and all 5 cats are lovely and friendly. There's also two sets of fish, a turtle and a rabbit who had been stuck in its hutch so we let it out in its run. Poor thing.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • Tahlullah
    • By Tahlullah 27th May 17, 3:05 PM
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    Tahlullah
    That must feel like a holiday. Enjoy!

    Tx
    Striving to be mortgage free.
    • TallGirl
    • By TallGirl 28th May 17, 9:51 AM
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    TallGirl
    It does feel like a holiday so nice to have a whole house to just chill in. Cats are lovely too the one who lives here is still a bit aloof. Deadline for job application extended by a week which is great however this happened two years ago so in the end I didn't apply let's hope it's just a week but gives me time to do more research. Seeing my friend who works there also helped she gave me lots of insight. Haircut fab happy with my new low lights looks so much better had it straightened looks nice not sure I'll go back to straight sold my GHDs last summer.

    Today golf and lovely chill evening hopefully.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 29th May 17, 7:49 PM
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    TallGirl
    Back again did Lidl essential shop on the way back £72, stopped at Tesco got two pairs of cropped trousers brilliant ones for £14 each in Long Tall Sally they would have been £45 an in a specialist golf shop more. Done online Sainsbury's order £60 with £9 off and Musclefood.com order for £50 of chicken breasts. Going to make huge curry and marinade a lot to cook on skewers as as love that. DG also takes two to work for lunch each week.

    Feels like like a huge storm brewing very close. Unpacked everything and put away two loads done too.

    Tomorrow is job hunting, Wednesday golf and Thursday cooking hopefully if chicken turns up Wedsnesday not ideal as I'm out most of the day but we shall see.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 1st Jun 17, 9:03 AM
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    TallGirl
    Musclefood chicken arrived no hassle the chicken is lovely and some are chopped ready to marinade the rest I'm making into a curry and freezing for DGs lunches.

    Should get about 50 portions out of it that's £1 a go not bad much cheaper then normal supermarket.

    Horrible house mate has moved out finally but he's locked the room so we cannot get in. He was suppose to leave it open with the key so he's either coming back for more stuff or he's being awkward. Emailed Agency asking what to do don't really fancy going into the big smoke on a hot day to collect it plus knowing he's still got a key is a bit unsettling. Not paying my rent which is due until we now.

    Golf was good yesterday it was hot and it was on the harder of the two courses so struggled a bit and didn't do as well as on the other two cards. Don't mind if I get a hcp of 20 or so happy with that. Won't play with the ladies Sunday as it's medal so will play Wednesday instead. Gas works has closed one direction so traffic is awful just south of here took ages to get there and back and then DG got stuck in it when she went for her lesson. Not going anywhere in the car if I can help it.

    Asked DG to ask a manager at her place if I can volunteer there. Need to get back into my sector properly and even if this is at a very low level it will help me do the professional qualification conversion and if I did get interview for dream job I would be better prepared so a win win. Fingers crossed also got a few free courses I'm doing which is great so all help. Right going to get out of bed and get on with the day.

    Today needs to be productive so here is my list
    • Buy more marinade Sainsbury's didn't deliver all - can't find any here and can't face big shop as roads stuffed still.
    • Marinade chicken and chop up more - almost done but need above
    • Make curry in big slow cooker (the joys on a hot day) - done made small and big pot
    • Final check on application and send off for dream job - done fingers crossed
    • Check second dream job in totally the wrong location which closes tomorrow - doing tomorrow
    • Wash bedding done
    • Wash whites done
    • Look into hire of carpet machine much needed for rug, our room and new room - £20 plus cleaning stuff £14 might get it tomorrow.
    • Professional studies to get cracking on - hmm don't fancy doing that.


    Won't get it all done but washing, chicken and dream job should get done.
    Last edited by TallGirl; 01-06-2017 at 3:32 PM.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • Tahlullah
    • By Tahlullah 1st Jun 17, 10:51 AM
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    Tahlullah
    Your wish list for the day!

    Hope you get the chicken and the dream job done at minimum.

    Tx
    Striving to be mortgage free.
    • TallGirl
    • By TallGirl 1st Jun 17, 1:01 PM
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    TallGirl
    Thanks going well just updated list for now. On to dream job next and then lunch. Also got off contact for volunteering opportunity will do that next. Need lunch too so hot here.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 1st Jun 17, 3:30 PM
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    TallGirl
    Very excited I got call from Agency 45min after submitting dream job application. Did telephone interview with them think it went ok hiring manager on leave until Monday hence why deadline moved. There is no real deadline they will interview as they find people so that's good too. I hope he puts me forward but I answered everything he wanted so let's hope otherwise there might be other roles coming up I know that from my friend who works there. He did ask if I know anyone and I know two one is quite high up but she's off sick.

    Got into new room lovely and cool and it has storage and a safe with a key to it which is well cool. Guy next door says you can hear telly on and if people speak loudly so let's hope we don't annoy hi, too much. He's away a lot and he's pleased we're moving in not some strangers.

    Need to go and do marinade next just chilling with a cup of tea first.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 3rd Jun 17, 10:16 PM
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    TallGirl
    Spent all day cleaning such hard work in this heat but cleaned three carpets (wanted to do the big lounge we moved out of plus our old room) looks fine now it was really really dirty. Furniture all in looks lovely and we were really lucky our flat mates let us have a round four seater table someone left behind as my six seater one wouldn't have fitted in there. Looks great not a lot else to do now just sort what goes where which will take the pressure of other areas but also need to get rid of stuff.

    Carpet cleaner was £38 so worth it, also bought a new ball scoop for golf last night and a gadget that helps you put its £20 but really good fun and you can practise at home.

    Need to complete a load of online study before I can start volunteering Monday all arranged Friday afternoon so needs to be done over the weekend. I hope I can pass before I start but we shall see. Volunteering every Monday will be great gets me back on the ground in my area somewhere I haven't been for ten years. Will help job hunting immensely and I'm glad they've taken me on without interviews etc. I just have to do this online training.

    Tired tonight but pleased how far we got just need to fix the light bulb in the loo that means we have two toilet blocks one with three loos and the new ones with just one but no light and very hot as the radiator doesn't turn off but hopefully be fixed. New loo perfect place to store golf clubs.

    Right that's it I'm ready for an early night might get up and study in new room tomorrow morning.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 6th Jun 17, 9:51 AM
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    TallGirl
    Study all got done and I passed ready for Monday volunteering turned up with DG and all internet down so a but annoying. Got to sit in on two interviews and make some calls. Going back Thursday instead which is great I'll definitely enjoy it.

    Hope I hear from Agency today or tomorrow re interview would like it after Thursday as it useful to get back into the field first. Done some more of my open uni study which fits in perfectly to volunteering and dream job interview.

    Room all done so today I'll study for the professional qualification and take it easy. Tomorrow course slightly outside my field but useful and just down the road. Thursday volunteering and hen weekend.

    Playing golf Sunday full member now with a handicap of 21 very pleased about that. DG is still struggling with her golf I do hope she continues to improve and don't get so upset when she had a bad day. It's a hobby.

    Need to get back to gym but don't feel like it will go after course tomorrow it's next door literally so very handy.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • bugslet
    • By bugslet 6th Jun 17, 3:35 PM
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    bugslet
    Potential for the dream job is exciting! You know you will get two great job offers at the same time, don't you?

    Good luck with the studying - so long since I did any, I'm not sure my brain would cope.
    • TallGirl
    • By TallGirl 7th Jun 17, 8:52 AM
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    TallGirl
    Thanks Bugslet one offer would be nice now actually only applied for one at the moment but know I need to do more just not any really grabbing me.

    Managed to complete my entire professional conversion course yesterday all three parts weren't even going for the two higher ones but no problem passed them. So happy that means I just have to do my CPD points this year and I'm fully covered to go back to my roots should I need to.

    Course today so haven't got too long to lie in bed location has moved but it's still very local so not an issue. Should be good and I might meet some interesting people.

    Had electricians here all day yesterday didn't know but the guardian company wanted all lights made safe. That meant our new toilet light got replaced when we had just bought a new light bulb for it which it was too late to cancel. Never mind it was only £5.

    Tomorrow is volunteering proper with Internet so that should be good too. Still hoping Agency will get back in touch about dream job he said he might not speak to the person until Tuesday and the job is no longer on their website so let's hope they haven't filled it already.
    Last edited by TallGirl; 07-06-2017 at 9:07 AM.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • Tahlullah
    • By Tahlullah 7th Jun 17, 6:24 PM
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    Tahlullah
    Hi Tall Girl, congratulations on getting all the re-qualification out of the way. You can always fall back on your previous work, so a great back-up plan if things don't go the way you want them to.

    If the other jobs aren't calling you, then you have definitely made the right choice in not applying. Nothing worse than being in a job you don't enjoy.

    Fingers crossed they get back to you on the dream job.

    Jx
    Striving to be mortgage free.
    • TallGirl
    • By TallGirl 8th Jun 17, 7:40 PM
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    TallGirl
    Thank you yes I'm glad I did do them had a fab day volunteering today lots of things to do and all proper work not just admin. Going again Monday and Thursday next week can't wait even if I am tired now. Naughty lunch too jacket potato too many carbs really but lovely as it's so cold.

    Not hear from Agency re dream job now he did say next week which is this week but I'm going to call him tomorrow just to find out if it's a no. Better knowing as I can get on with other job applications. Seen one that might look good not sure though.

    Yes I'll wait until the right one comes along but don't want to wait for too long.

    My mum is sorting probate out for my uncle my sister and I will inherit everything. It's not complicated but tax is different and so is the laws obviously. He's leaving some to his home but there will be a nice sum for us. Not sure what to do with it would like some money in Denmark to spend when on holiday but it's far too much for that but not enough to buy a small summer house either. We shall see.

    Early night for me DG is tired too bonus we don't need dinner due to huge lunch.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 9th Jun 17, 11:49 AM
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    TallGirl
    Called Agency my application was submitted Monday he spoke to hiWeds to chase but told there is a delay he'll chase today if not Monday. I was beginning to think it was a no but doesn't sound like it so all is fine still.

    Seen another operations job same type as I went for interview for I know the CEO and his history note greatest but actually not sure he caused the issues at the time. This is a good few years back and I never personally had an issue with him although I opposed the way he ran things. Closing date 23/6 so time to make up my mind.

    Need to fill in form for mum and want to finish my online uni course. Not a lot else planned bought a lot of fruit yesterday a bit close to expiry date so stewed some and frozen some.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • Tahlullah
    • By Tahlullah 9th Jun 17, 7:09 PM
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    Tahlullah
    Fingers still crossed for you.

    Tx
    Striving to be mortgage free.
    • TallGirl
    • By TallGirl 10th Jun 17, 8:18 AM
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    TallGirl
    Yes me too fingers crossed didn't hear yesterday but that hopefully means no news like the told me.

    There are now two operations jobs for me to go with both local one where I know the manager one where I don't. It's not quite where I want to go but if I want a job reasonably paid it's likely to be something like this as I'll get an interview and as it's the same as I did before I know my weak points.

    I would much rather go for dream job or wait let's see what happens.

    Golf last night really good DG played the best I've ever seen. Hopefully get out today and I'm playing in my first competition on Sunday which I look forward too. I'm glad we're members so nice just to play without having to pay.

    Hopefully scan to mum worked so she can get the ball rolling with probate. Our phone isn't working not noticed as we never use the landline but it's affecting our internet but vodaphone is struggling to fix it. We want to move the router to our new room when someone else is watching telly we can watch ours. So annoying DG will call them today been going on for ages and we pay for the top package.

    I need to renew my phone contract it's sim only and I pay £10/p bargain as it's unlimited and 10gb data. I won't get that again as I don't have broadband with EE but hopefully haggle for a good deal around the 20th of this month.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
    • TallGirl
    • By TallGirl 13th Jun 17, 3:12 PM
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    TallGirl
    Been a while since I have posted DG had a bad golf day Saturday and then I played badly Sunday where she cannot play as she hasn't got a handicap. Shes not happy but she should get one soon if she keeps up the practise going again tonight.


    Still not heard from dream job it now got a closing date of 18/6 but obviously they just keep moving it until they find someone. Not gone for the two operational jobs one hasn't got the specialist area I really want but is the better of the two the other has the CEO I know. Still time to decide. Nothing else to go for at the moment but did get an email from a trustee job I applied for back in April they would like to speak to me 4/7 for informal chat. It could be really good for my CV its an area Im really interested in and it will get me the finance experience I really need. Fingers crossed even if I will miss out on 4DX movie with nephew but DG can take him instead.


    Having the broadband router moved Friday DG cannot cope with the bad signal this end. Fine I agree less hassle and stress. Tomorrow is 3 month check up for my laser surgery I am sure I will be told all is fine. Thursday is volunteering have my first client booked in so will be quite good to get back into it. Loved Monday so all is fine there. Friday is meeting with people from my field should be good also get much needed CPD points. Busy week in all I would say for me.

    Almost forgot my tenants have split up and he is late paying the rent should get it end of this week but not really great. He works with her and her dad is guarantor he is looking for something smaller not looking good for the rent lets see how good the agent really is. Front garden looked so scruffy last time I was down there have reported this to agent.
    Need to hang out clothes now and ryebread is in oven so not been too lazy today.
    Save £12k in 17 no 93
    £7750/£12k
    Pay off wasted money £1465/£10k updated Sep 17
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