We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING:
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour.
Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
First Time Landlord - advice?
I was considering selling my property but due to the current situation I have decided to rent it out for 6-12 months and see how things stand then.
Can any private landlords out there give any pointers to a newcomer to the basics of letting - things to watch out for etc?
I shall be letting through the YourMove chain.
Thanks...
Comments
-
I really don't think that things will improve in the next 6-12 months.Illegitimi non carborundum.0
-
where will you live while you rent out your property?0
-
We have recently become BTL owners of a small student house.
We have appointmed letting Management Agents which we plan to use for the first year, so we learn from them,with a view to manage the property ourselves after a year or so.
It will cost you (10-12% of income) but is well worth it in ouropinion.0 -
There are many pitfalls awaiting the first time landlord, it is not easy money and my advice is don't do it."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
if you must do this - join national landlords assoc and learn the business - membership is tax deductible they have a great legal help line and you can check out things your letting agent tells you with them - and you will get better insurance on your property if you are a member.0
-
If you are thining about selling need to be selling NOW at a diso!!!! to get rid.
The alternative is to chase the market down.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards