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  • FIRST POST
    • TallGirl
    • By TallGirl 16th Sep 16, 3:46 PM
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    TallGirl
    The trials & tribulations of a 1st time landlord & investor
    • #1
    • 16th Sep 16, 3:46 PM
    The trials & tribulations of a 1st time landlord & investor 16th Sep 16 at 3:46 PM
    Dear all
    I've been around a long time on this MFW for a long time and I love it. Keeps me on track and helped me pay off my mortgage 9 years early. I'm on the verge on starting something new so I thought I would start a new diary and focus it more on money saving and less on personal stuff. My life was quite steady and stable until April 2015 when I left my husband and took a one year job in London all made easier and more ore possible because I was mortgage free.

    My job ended in July 2016 and I had hoped to stay within the organisation in a new job but I didn't get it and they didn't recruit anyone else. I am a great believer in that things will happen for the right reason and good things come to good people. Whilst on holiday and on my birthday I was told my ex had died and as we were still married I now owned the whole house plus his pensions and share in the small family business.

    I applied for a new job whilst on holiday and I start that Monday its 28 hours a week with Friday's off and it's obviously on less month than my previous full time one.

    I have been busy in the last two months sorting the house out so I can rent I out from October which will give me an income as well.

    I have been trying to get his affairs in order so I can apply for probate and I'm getting there. So good folks if you want to read about the following kinds of topics then please feel free to read and or comment:
    • How to be an accidental landlord
    • How to go about getting probate and IHT sorted
    • How to invest an inheritance
    • How to keep accounts as a landlord
    • How to save money on everyday things whilst living in London

    There will be more and I often stray into personal totally unrelated money stuff so just gloss over that if you find it boring.

    So here we are start of something new so a quick update on where we are with the above topics.

    1. Property should be ready after 27/9 as carpets going down then. Estate agent doesn't want to market it before it's completely ready. Once painter is done need to arrange final clean and my old cleaner to hang curtains.

    2. My accountant friend has suggested the valuation of the family business is ok to use and my new IFA confirmed the two pensions are outside inheritance tax so I should be able to more forward on this very soon.

    3. Meeting the IFA 30/9 potential inheritance will be around £190k will need to pay funeral expenses but want to invest most of it.

    4. I need to read up on how to keep accounts as a landlord not sure I need an accountant but as I'm now a part business owner I might have too. Will definitely register with Inland Revenue but as house isn't rent out yet nothing has changed.

    5. Finally I love saving money from getting the best deal to using coupons and tokens. I'm very good but can also be very bad. It's expensive to live in London but I'm a property guardian so my rent is so so cheap so I should really save lots of money. I promise I'll do a budget once I get my new wages, I would rather live on this than have to use my income from my property but might be difficult .

    Ok I will end there and try and keep on the straight and narrow in terms of sticking with money saving stuff.
    Last edited by TallGirl; 17-06-2017 at 10:25 AM.
Page 21
    • vandanfc
    • By vandanfc 23rd Nov 17, 10:06 PM
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    vandanfc
    John Lewis have £50 off some iPads. And Currys have a voucher code for £50 off too.
    • TallGirl
    • By TallGirl 25th Nov 17, 9:28 PM
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    TallGirl
    Thanks for that Vandanfc some good offers around in the end I went with Apple and for £40 gift voucher she can use that towards the cover. I do like John Lewis for Mine from there but easier to pick up as apple store on my commute.

    She!!!8217;s bought me an expensive present so I hoe she likes mine. Been batch cooking today cottage pie also bought ingredients for granola bars low carb which is nice will make tomorrow. Got her advent present sorted well one of them and some sweaters and tops bought in TK Max £75 spent, also booked my flights going on the 21st straight to my sisters will be nice to do all the pre Christmas stuff.
    Also decorated the lounge for Christmas not bothered for the last few years but for some stuff from my uncle when he passed away and looks nice all up now not too over the top.

    Tomorrow Golf and need to clean flat. Got horrible headaches from caffeine withdrawal really horrible started yesterday been ok all week. Sticking with two large cups and now got more decaf and also some lovely cimamon tea yummy taste of Christmas.

    Got list from sister of Christmas wishes so that!!!8217;s all cool I know what to buy now.
    • TallGirl
    • By TallGirl 29th Nov 17, 7:27 AM
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    TallGirl
    Work a bit out of control at the moment need one more full time staff but they don!!!8217;t start until mid Jan at the earliest which is tough and another team member is off sick so I!!!8217;m back on front line.

    Struggling to cut down on caffeine but trying better in the evenings don!!!8217;t have symptoms it!!!8217;s just during the day and mornings. Trying smaller cups.

    Still not collected DG present must do today but don!!!8217;t finish until 6 but I would like to collect it. Still not made it to the gym trial so want to but working late due to shortage in team.

    Was going to work Sunday and late Monday but got out of that I do have a really supportive team.

    Money wise still have £250 left that!!!8217;s with DGs present paid and my flights for Xmas which were £400. Nothing on credit cards either. Need loads more Christmas presents but got my sisters so that!!!8217;s a start. My niece who is 10 wants a Garmin Vivo 3 they look ugly and boring bu she!!!8217;s too old for he junior one. No idea why she is interested in that and it!!!8217;s £80 in Denmark. Might just have to give her the money I can see it being a one day wonder. My nephew wants clothes got him a Tshirt but jeans are hard to but age 15/16 is only online. Anyway still some time left to get stuff.
    • TallGirl
    • By TallGirl 29th Nov 17, 8:40 PM
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    TallGirl
    Roll on the weekend can!!!8217;t believe it!!!8217;s only Wednesday not really caught up with work hopefully tomorrow trustee report being written.

    Tried the peanut and chocolate fudge recipe from that site VandaFc posted they are lush perfect for a treat at night time. Granola bars made for lunch time. Diet going well just no gym yet.

    Spent £1 on raisins and nuts from Poundland only spend so quite pleased. Ingredients for fudge was joint account
    • vandanfc
    • By vandanfc 30th Nov 17, 3:33 PM
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    vandanfc
    I will have to give those a try.
    x
    • TallGirl
    • By TallGirl 2nd Dec 17, 5:29 PM
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    TallGirl
    I will have to give those a try.
    x
    Originally posted by vandanfc
    You should they are amazing although we did add a little bit of honey to make them sweeter.

    Cleaned flat, told upstairs to turn their rap music down so annoying. Contractors changed batteries in our smoke alarm and the annoying beeping is now gone so nice.

    Shopping done in Asda £95 but a lot of bulk and also filled up with Petrol so so low much needed. Golf balls hit and back home bath done and now prepping dinner. Stir fry with marinated steak pieces. Bulgar rice with it too.

    Home Insurance bought did shop around but cash back and everything just so many unknown companies went with the same ones I have car insurance itís. Dg has done the parking appeal so now Bath for her and then X factor.

    Bought her next two advent presents but tomorrow she gets a card saying I will make her breakfast in bed. See how she reacts. I love having my advent calendar from her really nice.
    • TallGirl
    • By TallGirl 3rd Dec 17, 9:14 PM
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    TallGirl
    She liked the advent present got her another little something for Xmas and that!!!8217;s her sorted. I!!!8217;ve got to get her mum something but she!!!8217;s a bit of a hoarder so have to get something useful not sure what.

    Golf today which was lovely and made a big batch of bolognaise sauce which we had some with onion squash really nice and loads for the freezer.

    Also made some more spicy pepperoni and Parmesan crisps from that site again they are so nice really crispy yummy.

    Work tomorrow hopefully an easier week than last was a bit hectic, meting tomorrow so won!!!8217;t get much done but should get there. Working from home Tuesday afternoon also got hair and highlights much needed.

    Changed my Zopa investments to a FISA got £2000 balance I can use and they are changing it so may as well. Now got all three types S&S cash and FISA. Also sorted log in for savings account and changed my address so all good there. Got one account tied up to end of Jan and one is instant access hopefully won!!!8217;t need that money but we shall see. Still cannot log into m&S must get that sorted the year must be almost up and I can switch to Natiionwide so dg can introduce me.

    Right enough for now night night.
    Been good with caffeine only one big cup and one normal cup considering I used to drink at least eight big cups.

    No spend other than EBay for present and hardly anything naughty eaten dg is starting to notice the difference just need to get exercise regime sorted must do that three day trial I!!!8217;m just to tired when I get in. Wish I didn!!!8217;t have such a long commute.
    • TallGirl
    • By TallGirl 5th Dec 17, 5:14 PM
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    TallGirl
    Hairdressers today was working from home this afternoon but not done anything took ages but I love it and colour is nice. £177 incl 3 products I felt I deserved to treat myself booked in to be done again in Feb.

    Realised I still hadn!!!8217;t done my CPd points can!!!8217;t quite believe I forgot to send them off so stupid email ready to send but never pressed send. Hope they accept them.

    Work ok busy and short until end of Jan but all good can!!!8217;t wait to take up my strategic role would be good and more challenging than what I do now.

    DG on her way back must get washing sorted she!!!8217;s usually home first so only fair
    • TallGirl
    • By TallGirl 9th Dec 17, 9:18 AM
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    TallGirl
    So lovely that the weekend is here really much needed. Made Ameretto Sours last night where really nice and had some vodka and coke too decaf of course. Woken up with a sore head but not too bad worth the cocktails so all good.

    Need to get some more Xmas shopping done for family in Denmark DG is done just need to wrap the advent presents. Migth do some golf later really cold so not that keen but we shall see. Dg is meeting friend tomorrow so I!!!8217;ll have time alone to do present wrapping need some paper first though.

    Money wise fine some more dds to come out and I!!!8217;ll have money in Denmark so don!!!8217;t need to touch my UK account over Xmas.
    • TallGirl
    • By TallGirl 12th Dec 17, 7:20 PM
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    TallGirl
    Signed up with Moneybox just a bit of fun rounds up your spend and you can add to it it!!!8217;s in stocks and shares dg done it too so a bit of a competition. She!!!8217;s got £5k in premium bonds never won a thing so putting that into ratesetter now using my referral code gives her £100 and me £50 you need to invest £5 for one year. they are P2P and pay currently around 4% much better than she was getting. She signed up only to find she had tried to get a loan from them 6 years ago was declined but it!!!8217;s nice she!!!8217;s now lending money not borrowing.

    Collected my nieces Xmas present still not done that well so need more in particular for BIL and mums partner I know what to get just need to buy it. Naughty food tonight cheese and ham toastie dg in the bath starving so hope she gets out soon.

    Watching Jo Brand cats and kittens at 8 so she needs to hurry up.
    • Tahlullah
    • By Tahlullah 13th Dec 17, 7:48 AM
    • 873 Posts
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    Tahlullah
    Thanks for the info TG. Had heard about it but didn't know where to start to find out about it. Will be joining as well. But I don't do a lot of spending so may be paying more charges than investing!!
    Striving to be mortgage free.
    2018 MFW #135

    £600 of £2000
    • TallGirl
    • By TallGirl 13th Dec 17, 8:02 AM
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    TallGirl
    Itís quite good fun but it also take out a pound for each DD and standing order so you should see something each week plus you can add a weekly DD to it. I think youíll enjoy it. I am first payment today.
    • TallGirl
    • By TallGirl 17th Dec 17, 7:25 PM
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    • 8,876 Thanks
    TallGirl
    Nice weekend been a bit of a week two Christmas parties and one very long day but all good now course tomorrow then only two days in the office which is about right as I should get everything done bar any last minute hiccups.

    Got most of my presents bought need something for my mum but we are also going to do a special day out for her in March when it!!!8217;s her birthday.

    Need to buy at least one present in Denmark so they can exchange it if it!!!8217;s not quite right but that!!!8217;s ok. Also got the chain set I gave my niece for her birthday it got stolen in their burglary so that was nice to replace that.

    Got my pre course stuff done quite a bit actually and also updated my finance spreadsheet I forgot to email it to myself but it!!!8217;s all up to date. My cash savings are a bit low as I!!!8217;ve now got more premium bonds so migth move some from Aldermore only pay 1% as I!!!8217;ve got money going into investments every month and I want to make sure I can cover it. A lot of my regular savers ends in January so more finance stuff to set up but that!!!8217;s all good. There is a new savings bond from national savings 2.2% and no limit so think I shall make use of that in January when my fixed one with Aldermore ends.

    Had some pasta for dinner feel crab crash coming on I do prefer eating low carb but once you start being bad it!!!8217;s hard to stop.

    Hope everyone is organised for Christmas and have a relaxing Sunday evening.
    • TallGirl
    • By TallGirl 23rd Dec 17, 3:30 PM
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    TallGirl
    So I!!!8217;m in Denmark with the family really lovely and nice to be part of the traditional preparation in particular tonight little Christmas Eve. A little bit cross with DG she!!!8217;s opened her Xmas present even though is promised to wait. She even lied about it which was stupid not sure we quite hold the same values at Christmas so best to keep things seperate.

    Bought loads of sweets already and ate loads of carbs I know it!!!8217;s bad but what can you do. Tomorrow is the big day going to church first at 2pm with my dad and nephew my mum should also be coming.

    Wrapped all the presents apart from my friends but I see her after Christmas so that is ok. Also bought three pairs of shoes two pairs where half price Ecco so a real bargain the last pair £20 off and I need them for bootcamp.

    Nice to spend my danish money and not worry about it going to have to get my log ins sorted while I!!!8217;m here plus get some of the money invested. My dad asked if it was ok he drew up a will that divided things in 5 instead of two to include the kids and my BIL I said it was fine he as pleased. I would leave things to my niece and nephew anyway. My dad hasn!!!8217;t got that much he lost a load when they got him to invest in his bank at the time and it then crashed but never mind I!!!8217;ve had enough inheritances for now.

    Need to start cooking dinner soon feel like I!!!8217;ve just had lunch drinking beer at lunchtime never a good thing.

    Wasted money fund up to £3k just paid bootcamp so once dg pays be back I can add more. Also just said I would transfer my cash isa to Zopa when they accept transfers into the new innovative ISA.
    • vandanfc
    • By vandanfc 23rd Dec 17, 3:38 PM
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    vandanfc
    Hope you have a lovely time. Happy Christmas. x
    • TallGirl
    • By TallGirl 26th Dec 17, 6:16 PM
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    • 8,876 Thanks
    TallGirl
    Hope everyone had a lovely Christmas Mine has been really nice and chilled and relaxed. Still at my sisters leaving tomorrow and then seeing friend Friday or Thursday which is perfect. Not spent any money apart from £250 on food for Xmas eve.

    Been so nice seeing the family and will be good to see friend soon also going to hit the shops will be nice.

    Best get back to festivities.
    • TallGirl
    • By TallGirl 29th Dec 17, 8:40 PM
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    TallGirl
    Iíve had a really nice time enjoyed it all and spent lots of money but itís my inheritance so not impacted on my UK money and all stuff I needed. Ok spending £55 on a PJ is excessive but long Tall sally would have cost the same and itís much nicer.

    Wonderful seeing my friend who is breaking up from her husband, they have an 8 year old daughter but they were never suitable I think she panicked wanted kids and got him. Heís harmless but boring and useless and from a very religious family unlike her so not a good match. Hopefully sheíll sell the house soon and they can both move on. Sheís hoping to meet someone new in a few years I really hope she does sheís lovely and very hardworking nurse in a cancer ward.

    Not been outside a door today just chilled tomorrow is shopping I need so return the long johns I bought for our bootcamp they donít fit and I donít like the ski socks too long. We also need to buy stuff for New Years Eve. Just watched th3 Danish version of bake off lots of ideas.

    Sorted my Danish gov.uk ID out and the bank so I can can now invest my inheritance need to do this but need to understand it a bit better. It will pay out once a year hopefully enough for a lovely holiday spending money.

    My mum is 75 in March but sheís booked two nights in a posh hotel with eighth course dinner for all of us at the end of April. DG will come too and we can visit my sister and go to Germany for the day. Might mean I miss my usually July holiday but we shall see. It does mean itís easier to do Gambia in March which would be amazing. We shall see.

    Iíll sort out finances and goals for next year when Iím back home but savings are up to £3000 short of the £10k needed to replace wasted money but Iíll get there. I need to shuffle things around as Iím almost of our ready cash and I invest almost £6k a month in pension and ISA etc but it should all be fine with regular savers maturing and some other ready cash.

    Iíve bought a lot worried it will all fit in suitcase but I can leave loads here which is cool. Anyway enjoy your weekend catch up soon.
    • TallGirl
    • By TallGirl 1st Jan 18, 9:03 PM
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    TallGirl
    Home again journey went well case unpacked and first load on DG not back until tomorrow and I have work of course.

    Got in at 7pm immediately went and did the first couch to 5k run loved it not too difficult and would like to keep it up. Three times this week should be ok maybe compress it a bit would be handy for bootcamp which is one month away.

    Dg is a bit broke so I think weíll do a kind of financial challenge this month we have bootcamp and holiday in March to pay for. I need to start different savings pots I think maybe new tax year when I know what is what.

    Got a few financial bits that needs doing so here is my to do list for next week:
    • Do two more runs hopefully do trial run at gym
    • Fill in form to transfer Santander isa to Zopa
    • Withdraw Aldermore flexi savings so payment to pensions and investments can be done 10/1
    • Look into what investments I am going to make with Danish money option is Danish fund split shares and bonds but all Danish bias I would prefer global but higher charges so study to do might ask on investment board.
    • Sign up for 2018 save £12k in a year

    I think thatís enough.
    • TallGirl
    • By TallGirl 3rd Jan 18, 8:21 PM
    • 4,286 Posts
    • 8,876 Thanks
    TallGirl
    Nice win on the Premium Bonds 6x£25 and 1x £25 on the ones in DGs name.

    Sorted ZOPA out and did my second run but wasn!!!8217;t very productive at work actually left early just wasn!!!8217;t getting much dozen but the light got fixed at work so my office is much nicer to be in. Our external emails aren!!!8217;t working so quiet start to the year I!!!8217;m sure it will ramp up tomorrow.

    Lunch done for tomorrow and Tesco delivery yesterday with £9 off £60 means we don!!!8217;t have to venture to the shops. Going to give the new iTV drama a go at 9pm if we aren!!!8217;t asleep.

    Run was fine a bit harder than Monday as my legs more tired but still enjoyed it. Dg is coming Friday but problem is she!!!8217;s really short and I don!!!8217;t think she!!!8217;ll walk as fast as me so not sure it!!!8217;s actually going to work. We shall see we still need to do trial run at gym.
    Last edited by TallGirl; 03-01-2018 at 8:25 PM.
    • Tahlullah
    • By Tahlullah 4th Jan 18, 7:32 AM
    • 873 Posts
    • 4,880 Thanks
    Tahlullah
    Congrats on the Premium Bonds win. I never win anything.

    Tx
    Striving to be mortgage free.
    2018 MFW #135

    £600 of £2000
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