1st time landlord wants to get it right

Pobby

You must have got it pretty cheaply if you could get a 9% yield.In fact a yield like this is possible but very rare.Love to know the purchase price.

pantsmachine

Sorry Pobby, that i cannot do. I am surprised myself, i really did not expect to get it even taking into account a national slowing market and traditional winter slow season. Had a quick look at Doozergirls site but TBH my brain is in a bin at the moment as i have builders on site at my own house doing an extension coupled with the house buy today i am feeling a bit slapped and shellshocked! I will try and process more tomorrow. Off to plan the electrics for the extension. If anyone has any obvious pitfalls i should watch out for the advice will be much appreciated!

happinessfactory

Pobby, why don't you ask him how much he earns as well? :rotfl:

happinessfactory

Sorry Pantsmachine (love the user name), our posts crossed.

I don't mean to single Pobby out but the number of people on this site who think being an MSEr entitles them to ask any number of personal questions.

I was always taught it was rude to ask someone how much they paid for their house - when did the world change?

Edited because Mr H has just seen this over my shoulder and said "since they started making the info available for free on the tinternet"!!

Pobby

Fair play.Me,frankly,I have no problem with telling anyone what my house is worth or indeed what i earn.As you don`t know me or indeed do I know you,then I really can`t see the problem.But each to their own I guess.

poppy10_2

happinessfactory wrote: »

I was always taught it was rude to ask someone how much they paid for their house - when did the world change?

When people started asking strangers for personal financial advice on the internets?

Doozergirl

poppy10 wrote: »

When people started asking strangers for personal financial advice on the internets?

The questions asked bore no relevance to the OPs actual question, they were merely seeking fodder for the firing squad, no doubt.

clutton_2

don't let this property furnished - tenants who bring all their own stuff are far less likely to do a "moonlight flit" and walk out on you. New stuff will definitely look tired, jaded and will defo look 2nd hand in less than 2 years and then you will have to pay to get rid of it all. Also, as others have said, it will all need maintaining and that costs money.

why not wait and see what your prospective tenants want - otherwise you may be left with a house full of furniture which you have to either dump or pay to store........

this is not nest-building - it is business

PROFESSIONAL_LANDLORD

Hi, I'm assuming your letting the property yourself ?


Landlords must be registred in Scotland by law.

Always supply an AT5 form with your lease.

Never rent out a property without carrying out a search and voters check.

If possible rent unfurnished, supplying all white goods.



Best of Luck.

Pobby

Ohhhhh,Doozer,that`s a bit hard.My question was really based on the fact that I was interested.I certainly wasn`t thinking of flaming the OP.I have posted many times regarding my interest on the strange housing market and also i have made it clear that ,as a long standing home owner,I have nothing to lose or gain.not a buy-to- letter are you?