Council Tax on purchased property 300%.

mattyprice4004

Crashy_Time said:

martindow said:

Crashy_Time said:

What happens if someone genuinely tries to get a tenant and can`t, should they get a discount?

No, they have chosen to set themselves up as a landlord renting out property.  If they don't get a tenant that is part of the cost of running their business. 

I'm surprised that you haven't suggested that lowering the rent is the answer to this problem, Crashy?

Yes, but say they planned for and bought into being a landlord just before Covid, shouldn`t they get some kind of "compo", like all the people on furlough type thing? Many rents in Liverpool are surely at the bottom of the profitability scale for landlords already?

Why? I'm a landlord, and investing in property in any shape is a risky game. 
It's all part of the balance between it going well or being an unprofitable nightmare - it can go one way or the other. 
Governments supporting working people who are out of a job for a while is one thing, but propping up private investors is another. I've not taken a penny during the pandemic because it was my risk to take. 

Wanderingpomm

They need to move into it whilst they do it up 

Wanderingpomm

Vixmag82 said:

Carl2510 said:

Never heard someone say someone is doing the council a favour by buying a property doing it up and then selling it presumably for profit! 🧐

My parents are taking a run down property and fixing it up to make a small profit so someone can buy an affordable home.  My dad is an out of work musician and my mum is a nurse who has worked her butt off the last 40 odd years. They have taken the money left to them by my Nan to try and make a bit of money before my mum retires on !!!!!! pension. Thanks for the helpful reply though. 

NHS pensions are very good. Certainly not ‘!!!!!!’

Crashy_Time

mattyprice4004 said:

Crashy_Time said:

martindow said:

Crashy_Time said:

What happens if someone genuinely tries to get a tenant and can`t, should they get a discount?

No, they have chosen to set themselves up as a landlord renting out property.  If they don't get a tenant that is part of the cost of running their business. 

I'm surprised that you haven't suggested that lowering the rent is the answer to this problem, Crashy?

Yes, but say they planned for and bought into being a landlord just before Covid, shouldn`t they get some kind of "compo", like all the people on furlough type thing? Many rents in Liverpool are surely at the bottom of the profitability scale for landlords already?

Why? I'm a landlord, and investing in property in any shape is a risky game. 
It's all part of the balance between it going well or being an unprofitable nightmare - it can go one way or the other. 
Governments supporting working people who are out of a job for a while is one thing, but propping up private investors is another. I've not taken a penny during the pandemic because it was my risk to take. 

I meant just pay normal council tax on the empty property instead of a silly amount under the guise of "freeing up empty property"?