Garage Renting - New Landlord

AdrianC

Raxiel wrote: »

I think he has had some pushback already, I've had a text offering to reduce the rent from £47.50 to £45, which given the condition of them is still a bit rich for my tastes (I'm not thrilled with the £35 I'm paying now).

If that's per week, that's extortion.
If that's per month, that's pretty damn good.

To be fair to him, while I don't know what he paid, even at the low end of the scale on the listing he'd be looking at over 7 years to make his money back at the current rents

<blink> 14% yield...?!?

Raxiel

AdrianC wrote: »

If that's per week, that's extortion.
If that's per month, that's pretty damn good.

Per month, although these are particularly grotty garages in a part of the country where property prices and rents are relatively low, so I still feel it's too high.

<blink> 14% yield...?!?

When you put it like that, I'm less sympathetic to him.