Should I sell my Rental property

El_Torro

Speaking as a landlord I wouldn’t (and haven’t in the past) put up with a late paying tenant. I’d kick him out now, especially since he’s been taking advantage of you for the last 4 years. Whether you sell the property or not is up to you, some good thoughts from others already on this. 

Some other things to consider:

A 44 year old with no pension needs to start paying into one now. Pensions are great for funding your retirement and your time is running out. It’s not too late of course, though the longer you leave it the harder it will be to start building up a decent pot. 

Putting all your investments in the S&P 500 is bad investing, especially for someone who doesn’t live in the US. A global tracker or a multi asset fund are much more sensible options.

christinajane

El_Torro said:

Speaking as a landlord I wouldn’t (and haven’t in the past) put up with a late paying tenant. I’d kick him out now, especially since he’s been taking advantage of you for the last 4 years. Whether you sell the property or not is up to you, some good thoughts from others already on this. 

Some other things to consider:

A 44 year old with no pension needs to start paying into one now. Pensions are great for funding your retirement and your time is running out. It’s not too late of course, though the longer you leave it the harder it will be to start building up a decent pot. 

Putting all your investments in the S&P 500 is bad investing, especially for someone who doesn’t live in the US. A global tracker or a multi asset fund are much more sensible options.

Yeah, your right about sticking it all into one ETF for example the s&p 500. At the moment that is all I do but if I had money from my house, if and when I sell it, then that profit (hopefully) would be used to diversify my investment portfolio.

Im going to call the estate agent tomorrow and see what we can do - because yeah he has been taking advantage.

ReadySteadyPop

christinajane said:

El_Torro said:

Speaking as a landlord I wouldn’t (and haven’t in the past) put up with a late paying tenant. I’d kick him out now, especially since he’s been taking advantage of you for the last 4 years. Whether you sell the property or not is up to you, some good thoughts from others already on this. 

Some other things to consider:

A 44 year old with no pension needs to start paying into one now. Pensions are great for funding your retirement and your time is running out. It’s not too late of course, though the longer you leave it the harder it will be to start building up a decent pot. 

Putting all your investments in the S&P 500 is bad investing, especially for someone who doesn’t live in the US. A global tracker or a multi asset fund are much more sensible options.

Yeah, your right about sticking it all into one ETF for example the s&p 500. At the moment that is all I do but if I had money from my house, if and when I sell it, then that profit (hopefully) would be used to diversify my investment portfolio.

Im going to call the estate agent tomorrow and see what we can do - because yeah he has been taking advantage.

You could open another ETF or stock fund (Europe or UK maybe?) and put the dividends from the S&P 500 into that to create some diversification. Don`t bet on "profit" from property as any kind of pension strategy in my opinion, just start now with what you already have.

This is an easy basic read but full of very interesting and thought provoking information.

https://www.amazon.co.uk/stores/Lars-Kroijer/author/B003LBW3Z0?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true

ReadySteadyPop

christinajane said:

El_Torro said:

Speaking as a landlord I wouldn’t (and haven’t in the past) put up with a late paying tenant. I’d kick him out now, especially since he’s been taking advantage of you for the last 4 years. Whether you sell the property or not is up to you, some good thoughts from others already on this. 

Some other things to consider:

A 44 year old with no pension needs to start paying into one now. Pensions are great for funding your retirement and your time is running out. It’s not too late of course, though the longer you leave it the harder it will be to start building up a decent pot. 

Putting all your investments in the S&P 500 is bad investing, especially for someone who doesn’t live in the US. A global tracker or a multi asset fund are much more sensible options.

Yeah, your right about sticking it all into one ETF for example the s&p 500. At the moment that is all I do but if I had money from my house, if and when I sell it, then that profit (hopefully) would be used to diversify my investment portfolio.

Im going to call the estate agent tomorrow and see what we can do - because yeah he has been taking advantage.

Also be aware of how the investment vehicles you use work, and any potential downsides.Loads of posters will be telling you the downsides of BTL so here is some balance.

https://www.investopedia.com/articles/mutualfund/07/etf_downside.asp