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When to put my rented property on the market

135

Comments

  • jacko74
    jacko74 Posts: 399 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Veeo said:
    @Crashy_Time I meant "and pay rent on the property I currently live in" . It would be amazing for me to be able to own two properties though, that's the dream at some point. I am literally an accidental landlord lol. 
    What would be so ''amazing'' about owning two properties?
    Is that really what all your dreams and aspirations amount to?
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    edited 25 May 2020 at 9:04AM
    Veeo said:
    @Crashy_Time I meant "and pay rent on the property I currently live in" . It would be amazing for me to be able to own two properties though, that's the dream at some point. I am literally an accidental landlord lol. 
    Well no you aren't because you decided of your own volition to let it out rather than sell.
    Having once owned two properties I can state it's not amazing, it just like like owning one house but with double the maintenance and hassle and 10x the tax work.  
    You are going to have to bite the bullet, tell the tenants you are planning to sell, Hope they move out without legal hassles and still paying rent up to that day, 
    if they move out, would it be practical for you to move back in, to avoid paying rent yourself ?
  • Marvel1
    Marvel1 Posts: 7,512 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jacko74 said:
    Veeo said:
    @Crashy_Time I meant "and pay rent on the property I currently live in" . It would be amazing for me to be able to own two properties though, that's the dream at some point. I am literally an accidental landlord lol. 
    What would be so ''amazing'' about owning two properties?
    Is that really what all your dreams and aspirations amount to?
    What does it matter to you what their dreams are?! None of your business and everyone is different. 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    What was the plan for a major repair OP, did you have some kind of insurance?
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Ask your tenants if they would be interested in buying the property.
  • Veeo
    Veeo Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker Name Dropper
    edited 25 May 2020 at 1:55PM
    @jacko74 to be honest am not sure where you are going with this or why you even bothered to comment if you haven't got anything constructive to say. 

    The same reason why your dreams and aspiration is to be rude to others for no reason is why it would be "amazing" for me to fulfill my dreams and aspirations one day, thank you very much. I am sorry if my dreams and aspirations are currently causing you some physical  and emotional distress 🥰
  • Veeo
    Veeo Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker Name Dropper
    @Crashy_Time you are on a mission aren't you 🤣🤣🤣. Thank you though, I really appreciate it 🥰🥰🥰
  • Veeo
    Veeo Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker Name Dropper
    @AnotherJoe thank you very much 
  • Veeo
    Veeo Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker Name Dropper
    @Cakeguts thank you very much hun. Yes that's the plan to give the tenants first refusal. Thank you xxx
  • Veeo
    Veeo Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker Name Dropper
    @Marvel1 thanks is for the support hun. I honestly didn't think I would get all the negative reaction from this post, I thought this was a helpful forum. Thank you very much xxx
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