Flying solo

debtfreewannabe321

*Robin* wrote: »

**# A question for all you landlords; how much do you keep put by to cover any expenses at the property/ies you rent out?

Was wondering what Chev was referring to that will teach me for skim reading :rotfl:

I only have £300 in a pot at the mo but I aim to have 6 months worth of mortgage money in there/ money for emergency plumber/ electrician/locksmith <--- all emergencies i've had before! 6 months is the longest my house was empty :eek: and the mortgage is £218 per month so i am aiming for a pot of *runs off to check calculator* £1308 (i'd round up to £1400...) so i've a way to go yet! :eek:

*Robin*

Hello Diary and Knowledgeable Friends, :hello:

Thank you very much, Missrlr, DFW and Chev for sharing your thoughts on what I think of as "Landlord's Cushion" fund requirements..
Missrlr, am very impressed that you could refit a kitchen or bathroom for £3K. :T
DFW your cushion is smallest; given the problems with your tenant I'd be a bit nervous about that..
Chev, didn't realise you'd hung onto your UK home. Well done. :T

Don't have a mortgage or agent to worry about. The tenants are really very, very unlikely to trash anything. Barring unpleasant surprises the only major event on the horizon will be replacing homehome's boiler.
The six months' rent in my cushion now looks rather generous, especially as it earned the grand sum of 0.45p net last month - time to rethink that pot and shift it!
Might abandon the boiler insurance as well, given that some parts are no longer available and the intention is to replace it when it expires anyway. :think:

missrlr wrote: »

be careful about pay back to yourself time versus expected pay out time from that fund! Cash flow analysis is what I mean!

Yup, this is the concern; am not good enough at books and filing.

Thinking about all this; different pots, projects, expenses [still unknown size] to do with PC's death duties.. Trying to look towards the future - what do I actually want to do with the rest of my days? - sent me into a terrible wobble this morning.
DS4 had to walk away, leaving me wondering whether it would be better to sell the Nest now rather than take funds from elsewhere to improve it?

Option Three; don't sell but don't improve until the AI fund has replenished in time, would effectively tie me here for the whole summer - or the trees will die from lack of water. It's too big a commitment to ask someone to come in and irrigate the garden manually almost every evening. :cool:

Don't know. Without PC to keep track of 'borrowings' I feel very lost. Can't believe it will soon be a year since he left the World. :A

missrlr

Hum, I confess I personally can't but I can buy the bits and DH makes it work!
We recently did kitchen, full carpet replacement throughout, garden clearance, full house repaint for £3800 so quietly confident on that.

Re boil replacement Look at green deal .....

What is a bad about summer in Spain?

debtfreewannabe321

*Robin* wrote: »

DFW your cushion is smallest; given the problems with your tenant I'd be a bit nervous about that..


Urgh I know Ideally it would be much higher but with debts other pots that need topping up after this has reached that point that is my lowest that i'd like it to be at....once debts are paid other pots are at a comfortable amount (esp my emergency funds) I would look into upping it

Don't know. Without PC to keep track of 'borrowings' I feel very lost. Can't believe it will soon be a year since he left the World. :A

:grouphug::grouphug: Hugs you're doing a great job xx

*Robin*

Hello Sunday,

Sonorous church bells resonate on gusts of wind, competing with birdsong and the roar of a jet high overhead.
Quickly gone, soon to discharge a hundred or more happy holiday-making Herrs, Fraus and Fraulines..

Sudden annoyance: What is the German for "Master" as in male youngster, the opposite of "Miss"?

Skylark doesn't care. Her voice is no longer drowned by the jet so she sings, she sings; calling her fellows into the embrace of warm buffeting wind..

*Robin*

Dear oh me. Thick head; too many meds (see post above ).
Went flat on sofa, stirred as DS4 was heading out with Daft Dogs. Woke to DS saying he'd done some gardening; he made me a cuppa before leaving to find more scintillating company.

Managed to water the tiniest seedlings before dark, then threw a few veg in a stir-fry. Gave it a squirt of olive oil - except that it wasn't: Surface cleaner. :eek:

..Not sure if this is ME or something else, but have finally woken up properly for the first time today; predict a wakeful night (again).

missrlr wrote: »

We recently did kitchen, full carpet replacement throughout, garden clearance, full house repaint for £3800 so quietly confident on that.

Wow, am really very impressed. Do you sub-contract?

missrlr wrote: »

Re boil replacement Look at green deal .....

I have; not terribly generous - Lovely Plumber can fit a better model than the local Green Deal supplier offers; cheaper too. In some ways it's a shame the boiler was still working too efficiently to qualify for the last scrapage scheme, which was a good deal.

missrlr wrote: »

What is a bad about summer in Spain?

Good question. :T

*Robin*

debtfreewannabe321 wrote: »

:grouphug::grouphug: Hugs you're doing a great job xx

...Thanks for the hugs - but am not doing terribly well atm.

Will try harder; promise. :smileyhea

missrlr

Morning you are doing fine, I think the RTL issues has just caught up with you ..... Be kind and have a few days off mentally.

A list of the questions you want to answer will appear and you will find the answers

Re Green Deal, I had just replacement the boiler done all insulation etc on both houses when this came up grrrrrr

Hope you feel better soon x

please-let-me-be-lucky

Hope you feel better this morning Robin and you managed to get some sleep.

I also hope you found an alternative meal to your alternative stir fry :eek: Xx

HeadAboveWater

*hug*

You ARE doing fine Robin Hang in there!

Ummmm.... surface cleaner!? :eek: That's one way of killing any bugs off the veg I guess!! :rotfl:

I'm not sure of anything bad about a summer in Spain myself either. Still on the lookout for a good holiday deal for me and OH. Nuisance having to take the holiday at peak time

Happy Monday