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Landlord wants to show around new tenants.
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Turn the tables & take him to court.black-saturn wrote:When I moved out I had to leave behind 3 items of furniture which were a bed, a sofa and a TV. The landlord kept the deposit (all £749 of it) because he said he had to pay someone to remove my furniture. However, when I went back after it had been sold to see if there was any post I peeped in and the new buyers were using the furniture he said he had to pay to get rid of. I asked for a receipt for the removal of the furniture but he said that as far as he was concerned the matter was closed.
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5 years to own your house outright.black-saturn wrote:OK I'll give you a bad example. This is the scenario I had with the house I moved out of 5 years ago (I own my own house now):
Not bad, better anyday than renting from a landlord.
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Yes, you should factor in the cost of voids and non-paying tenants. I suggest that you allow for the 3-5% cost of rent guarantee insurance, which is intended to protect you from these risks. Since a typical BTL mortgage will require a 30% excess of rent over mortgage you clearly have room for this level of cost. Or you can choose to self-insure, if you want to accept that risk yourself.
I don't consider 3-5% of rent to be a dramatic increase.[/QUO0 -
Yes, you should factor in the cost of voids and non-paying tenants. I suggest that you allow for the 3-5% cost of rent guarantee insurance, which is intended to protect you from these risks. Since a typical BTL mortgage will require a 30% excess of rent over mortgage you clearly have room for this level of cost. Or you can choose to self-insure, if you want to accept that risk yourself.
I don't consider 3-5% of rent to be a dramatic increase.[/QUO
why why why would you drag up a thread that's over 4 years old just to say that?0
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