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Gallygirl's "A journey of 121,226.67 pounds begins with a single penny" diary

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Comments

  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    AlexLK wrote: »

    Some people really do make you wonder :rotfl: re. no gap between furniture and wall.
    Having always lived in modernish houses as an adult it's not something I've encountered - but I think I'd learn pretty quick :eek:.

    Right, house relet and 1st month's rent paid although not due till she moves in next month obviously :rotfl:.

    Out for coffee and cake with friend earlier, nice few hours :T.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • AlexLK
    AlexLK Posts: 6,125 Forumite
    Debt-free and Proud!
    gallygirl wrote: »
    Having always lived in modernish houses as an adult it's not something I've encountered - but I think I'd learn pretty quick :eek:.

    Right, house relet and 1st month's rent paid although not due till she moves in next month obviously :rotfl:.

    Out for coffee and cake with friend earlier, nice few hours :T.

    :rotfl: I forget not everybody lives in 100+ year old houses. :o

    Well done on the re-let, quickest I've seen, well done. I may need some tips as parents asked me if I'd start to help them out with a few bits and bobs relating to their houses. Father has admitted he's getting too old for it altogether and mother is fed up of dealing with all of them by herself - don't reckon I'd want the hassle of all of them at 72 either.
    2018 totals:
    Savings £11,200
    Mortgage Overpayments £5,500
  • clippy_girl
    clippy_girl Posts: 2,283 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    my house is over 100 years old and i put furniture against walls?! although have thick skirting so not touching it. only room it is a problem is bathroom downstairs when lodger doesnt open window after shower. but even then it dries. can you get a little vent put in top of window frame? i have a little one inch flap i can open to let a tiny bit of air in
    :j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    clippy_girl wrote: »
    my house is over 100 years old and i put furniture against walls?! although have thick skirting so not touching it. only room it is a problem is bathroom downstairs when lodger doesnt open window after shower. but even then it dries. can you get a little vent put in top of window frame? i have a little one inch flap i can open to let a tiny bit of air in
    If you saw the mould in the bathroom you'd realise it needs more than a little vent :eek:. Fortunately it will all be sorted by Christmas so I won't be dragging you up there with a scrubbing brush on Boxing Day ;).

    Have eaten tomorrow's lunch for supper. Feel sick now :o :rotfl:.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • cathybird
    cathybird Posts: 15,765 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gallygirl, please forgive if this has been asked before, but have you had the rental properties for a long time, and how do you find them in terms of what they bring in compared to the cost of maintenance, etc? ... I guess if you have several of them then they form part of a long-term or retirement plan? ... I have one rental flat, one I bought a while ago and lived in before I moved last year. That isn't a huge amount of time so was just curious to hear how it has gone for you. If you don't mind my asking. :)
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    cathybird wrote: »
    Gallygirl, please forgive if this has been asked before, but have you had the rental properties for a long time, and how do you find them in terms of what they bring in compared to the cost of maintenance, etc? ... I guess if you have several of them then they form part of a long-term or retirement plan? ... I have one rental flat, one I bought a while ago and lived in before I moved last year. That isn't a huge amount of time so was just curious to hear how it has gone for you. If you don't mind my asking. :)

    We've had them a few years. With plans to pay off mortgages in next few years, or at least be mortgage neutral, they will be bringing in a good income. Gross yield is between 4.5 and 7%. We're selling the one with the lowest yield as it's also most expensive in terms or repairs so hopefully our rental income and yield will both increase.

    The yield is very misleading as if there was no capital growth the yields would be even higher but obviously we're happy with capital growth (although it's not been that high).
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • cathybird
    cathybird Posts: 15,765 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That's a pretty good yield. I know a few people who are much bigger fans of shares than property but 4-7% is very solid. Mine is a retirement strategy basically. Between it, the pension (small) and whatever I can sock away in savings between now and then I hope to have some kind of liveable income.
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    cathybird wrote: »
    That's a pretty good yield. I know a few people who are much bigger fans of shares than property but 4-7% is very solid. Mine is a retirement strategy basically. Between it, the pension (small) and whatever I can sock away in savings between now and then I hope to have some kind of liveable income.
    Same here :T.

    Em, nothing else to report really :o.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    gallygirl wrote: »
    Em, nothing else to report really :o.
    Just remembered - car passed MOT in style. Clever girl :kisses3:. Don't think anyone in the garage saw me pat her and say well done :rotfl:.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • HelenDaveKids
    HelenDaveKids Posts: 3,177 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    I do love it when that happens...
    Morgage till Nov 30 GOAL MFW Sept 2016
    Aug 11 - £100k Aug 2016.... It's GONE!!!!!
    2014 GOAL HIT 5 Stone! 2016 GOAL to be a MF marathon runner.
    "A goal without a plan is just a wish"
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