Would you be a landlord?

havingaball74

Would you? Are you? I am thinking about it as an investment and weighing up the pros and cons. Financially, it looks like a 'no brainer' under the right circumstances.

Browntoa

Until you get a tenant who doesn't pay the rent for months

G_M

* Tenancies in Eng/Wales: Guides for landlords and tenants This thread is intended to provide information to both landlords and tenants relating to Assured Shorthold Tenancies (ASTs) in England and Wales.

Topics covered:

* Repairing Obligations: the law, common misconceptions, reporting/enforcing, retaliatory eviction & the new protection (2015)

* Deposits: payment, protection and return

* Ending/renewing an AST: what happens when a fixed term ends? How can a LL or tenant end a tenancy? What is a periodic tenancy?

* Rent increases: when & how can rent be increased?

* Repossession: what if a LL's mortgage lender repossesses the property?

* New landlords: advice, information & links

* Letting agents: how should a landlord select or sack?

System

No, buy a FTSE tracker in an ISA or SIPP instead, perform better than property with zero hastle or UK tax and much better liquidity. Treat equities in a buy and hold way, like you would property, don't try to time the market

System

Property only outperforms shares if you mortgage up to the eyeballs - making property riskier in my book (and liquidity risk too)
If you really wanted property though, a fund can give you diverse exposure without responsibility, and isa tax advantages

havingaball74

MatthewAinsworth wrote: »

Property only outperforms shares if you mortgage up to the eyeballs - making property riskier in my book (and liquidity risk too)
If you really wanted property though, a fund can give you diverse exposure without responsibility, and isa tax advantages

With the BTL (or LTB in my case as I already own the house but haven't decided what to do with it yet after buying a second property) you have monthly rental income as well as the capital growth. How do other investments compare? I would NEVER buy a BTL, but a let-to-buy seems tempting as the house is already there.

havingaball74

MatthewAinsworth wrote: »

No, buy a FTSE tracker in an ISA or SIPP instead, perform better than property with zero hastle or UK tax and much better liquidity. Treat equities in a buy and hold way, like you would property, don't try to time the market

Doesn't that therefore make equities illiquid?

marksoton

Hell no.......

havingaball74

marksoton wrote: »

Hell no.......[/QUOTE

Why not? :rotfl:

mchale

Not any more, to much legislation & poor yields.

FBaby

If OH and I weren't working FT, then maybe we could have coped. As it was, dealing with all the crap we faced with tenants whose sense of entitlement was beyond belief, it wasn't worth it. Twice we had to fight through the tedious process of ADR, both times we won (first time 90% of requested amount, second time 100%), having to deal with repairs in between and loss of income (because the repairs cost way above that of the deposit), the time and stress that came with dealing with this wasn't worth all the money in the world.

Maybe when we're retired and bored!