bil8999

Months notice from any date they choose

Think we are making a bigger issue out of this than needs to be, consider there application the same as the others and reply say they have been unsuccessful.

What was the damage, any pics of condensate pipe , how it is terminated etc

Still don't see problem with telling him to put it back, if he refuses then serve notice. Alternative, check what the finished project will look like , if acceptable then contribute to the cost and walk away,

Just tell him to put it back, end of

Let him go, move on

All of the above

I have only used an agent for one of my properties which is some 20 miles from where i live. Of all my properties it has been by far the most problematic. This i believe was down to the people they had working for them at the time and choice of tenant. Also it concerns me when the agents working on your behalf states that they own and let properties in that area, they will cherry pick.

Any photos, so we can see the damage

the idea behind it is that you can hand over the business to your kids, not just a wage, it gives them the incentive to grow, don't get involved, leave them to run it, maybe with a little bit of background help, get what you deserve to fund your life style, without paying CGT, yes ultimately there will be IHT, if it looks like its not working then sell. I always said i would work on the tools till i was 70, 3 years from now, based on the tax situation i think it will be the way forward for me, daughter will run the business, a guy that has worked with me now for 16 years will look after the maintenance and small building works. I will spend more time in Spain, but still in the background if needed.

Scenario, lease the properties to son/daughter at an amount that would fund the lifestyle you are after, he or she can keep the rest as payment for looking after the properties, and to expand on the portfolio for the future. Any shortfall comes out of there payment, that would create the incentive for them to keep the properties occupied. No cgt Just a thought

I have always thought that the tax payable on the sale of the bulk of the properties would prohibit me from selling, this company in my view have made a reasonable offer, its living with paying the tax that will make me decline the offer, that and the fact i have owned some of the properties for 40 years. I will have to think of something to overcome the tax situation.

I have been approached by a company that wish to purchase my freehold properties, they are working on between 7 and 8 %, is now the time to sell? They seem to be interested mainly in the flats.

Hi to all At what yield would you think a corporate investor would pay for a block purchase ?

We also make sure that we charge less than the market rent. May take on board the 50% refund and bottle of wine at xmas

I feel that over the years we have gone over and beyond to satisfy our tenants wishes. If i remember the longest serving tenant was approx 20 years, sadly before she passed away.

its now been 13 months since we were last in Spain, booked a flight for September, but i have my doubts.

Yes, i think i fit that mould, 41 properties, never had any borrowings, always in work, 4 lads that work with me, still got 8 to build on land i have owned since the late eighties, built a place in spain some 15 years ago, go twice a year on average, oh well tomorrows another day.

So to answer the question, i think it is fading away. As Melboy said, age related, i am 67 and still on the tools working full time, always said i would keep going until i hit seventy, perhaps its time to cash in the chips.

Hi to all I too am a long term owner of property, the first was some 43years ago, paid £1550, well tell a lie, done some work for a guy, he didn't pay the bill of £1550, so gave me the property next door that he owned, i converted it to two flats and have had them both rented out since, approx £9500 per year, now, if i was to sell i think the property would make circa 150k, less allowance 24k, that leaves 126k taxed at 28%= 35k , give or take a few quid, that would leave me with 115k, in the bank making nothing in interest. How can anyone think of selling at this time. At the tax rates charged i would not advise anyone to invest in a buy to let, i would simply invest in my principal property increasing its value, then move, bank the profit tax free, then start again. Thats until they add a tax.

Hi to all. When i acquired my first property let some 40 years ago, i fully furnished plus all white goods, now if i do supply any white goods i tell the tenant they are responsible for breakdowns, also i agree with them an amount they can afford each month to purchase the white goods, then when they leave they can take them. Job done

That's right, just don't be blinkered into thinking if you rent to professional people that they are any different to non professional working people, or is that just a chip on my shoulder.

No, be careful, whether professional or not, my choices are made from experience over the years.

The worst tenant by far that i let a property to some years ago was a professional accountant, there are a lot of non professionals out there earning more and happy to pay the rental agreed.

I have had rental properties now for 40 years, never had rent guarantee, not saying its a bad thing, just not for me. I have in excess of 40 tenants, all good, no problems with any of them, all pay on time, look after the property. Not sure of cost of insurance, bet its not cheap. May be better to use that cost towards legal costs built into insurance policy.