Debate House Prices


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Struggling BTL Investors

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  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    I'm greedy.

    This year I have replaced the heating at a cost of over £1,200. I bought my tenant a dehumidifier as I knew she dries clothes indoors (£100). I took sweets for her boys and gave a cash Christmas present.

    She pointed out a problem where there is mould one of the bedroom ceilings. I suggested that the loft insulation might be missing in places. Within 24 hours I had refitted the loft insulation as well as I could, arranged an electrician to fit a fan in the bathroom. I noticed torn roofing felt in the loft so have arranged for the tiles to be removed, the felt replaced and the loft insulation to be brought up to modern standards while the tiles are off.

    Not a lot of profit to be taxed in 2008/09.

    If ALL LLs are the same, that's a good thing then.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • neas
    neas Posts: 3,801 Forumite
    Dithering_Dad wrote: »
    :)

    Sorry, it is a hangover from my days developing Neural Networks and machine learning simulations - in the old days when I.T. was interesting.

    Back then it was all Axioms, Soma, Dendrites and Neurons.

    Neural Networks hmm sounds familiar. Studid that for my degree a bit.... back propagation pops into my head for some reason lol :P.

    Suffice to say was a bit of a dull subjct for my robotics degree :P. Artificial intelligence makes you think... human like intelligence... pah robots arent even near self awareness :(.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Gorgeous_George wrote: »
    Too good a landlord stuff
    This 'tenant' of yours? Not your ex-wife by any chance?
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    mewbie wrote: »
    This 'tenant' of yours? Not your ex-wife by any chance?

    Definitely not! Far too young and good looking for me.

    If it was my ex-wife, I'd be a totally different (more stereotypical) LL.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Kenny4315 wrote: »
    don't get me started on IVA's :mad: and BR's :mad: ........ they make my :mad: :mad: :mad: :mad: gnikcuf :mad: :mad: :mad: :mad: blood boil. They make me so :mad: angry :mad: I could turn into the incredible hulk. :mad: :mad:

    :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:

    Live the life of riley and just write it all off :mad: BAR STEWARDS:mad: . :mad: :mad: :mad: If you spent it PAY IT :mad: :mad: :mad: :mad: :mad: :mad: :mad:

    Kenny, don't sit on the fence. What do you really think?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Kenny4315 wrote: »
    3. professional BTLers with large portfolio (often inherited) - these guys have tons of Rackman style places, and rack in loads of DSS loot, while doing !!!!!! all to maintain the property. I have one of these BAR STEWARDS next to one of mine and I'd love to get the BAR STEWARD in a back alley and educate him about his maintenance procedures. Although the council might get there first.

    A lot of these professional BTLers are fine. There are quite a few in central London (such as our LL) and they are ok to deal with.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    pickles110564 wrote: »
    Missed the boat springs to mind, perhaps this time when at the bottom you will put your hand down your trousers and grab hold of the thing you lack.
    Kenny4315 wrote: »
    Most folk would not have had the balls to take on some of the zhit holes I have take on, let alone complete them.

    BTL-ers do seem to be rather... phallic...
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Kenny4315 wrote: »
    Incidentally I took my shares all out last april 2007. At the peak, just for completeness.

    Was it?

    OH sold up August and Sept. 2007. I thought the peak was after that, but I could be wrong.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • aqueoushumour01
    aqueoushumour01 Posts: 1,687 Forumite
    neverdespairgirl wrote: »
    Was it?

    OH sold up August and Sept. 2007. I thought the peak was after that, but I could be wrong.

    FTSE 100 was around peak April to Mid June 07 then dipped a bit around July/August, then peaked again (at the same level as mid June) around October 07 so you're both right :)
    :D
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    BTL is just like any other business. You invest hoping to make a profit, if you succeed you make money, if you fail then you make no money or at worst go bust.

    It is a service in much the same way that Pfizer or a debt collection agency or Sainsbury's provide a service: they provide something their customers need and hope to make a profit.

    We need to have bankruptcy in a capitalist economy as there needs to be a formalised way to write off debts that are not repayable - the costs of negotiating and regulating each unrecoverable debt separately would be too high otherwise. That the penalties for going bankrupt should be more or less severe (eg debtors prison, public execution etc) is a different matter of course. My feeling is that the IVA system is too lenient on the debtor but I don't know enough about it to be sure.
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