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Thread: Pros and Cons of Fulltiming

  1. #351

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    I Do not agree



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    Quote Originally Posted by vindiboy View Post
    I would most definitely never rent out my home, I have seen too many Ballif programmes on tv to do that, lots and lots of hassle trashed homes and left with huge debts,
    Is it any wonder that rental properties are becoming scarce and very expensive, it cost huge amounts of money to get bad tenants out and causes huge stress to owners who are for the most part decent people and their rental homes are their pension schemes, there are good and bad tenants as there are good and bad landlords I know, but renting out my home is a definite no no. Each to their own choices of course.
    Maybe rental depends on the area and/or the rent and obviously the agent and the tenant.
    We have rented
    A) from November 2013 to March 2017 with a very good tenant..Fees paid looked after house etc
    B) April 2017 to Feb 2018 a few problems as the main provider lost his job so only 60%v rent
    We had to use a court eviction order principally as this was the only way the council would re-house the family
    C) April 2018 to now....so Far so good.

    We do not plan to live in the property again but you can always spend a tidy sum renovating etc and claim tax against the income (maybe)
    OR sell up and move..
    OK the property is near Heathrow/London so rents are good and has been posted the value of the property increases

    SO it has been very good for us

    As you say each to their own

  2. #352
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    mariesnowgoose is offline Unreformed Mongoose
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    Quote Originally Posted by vindiboy View Post
    I would most definitely never rent out my home, I have seen too many Ballif programmes on tv to do that, lots and lots of hassle trashed homes and left with huge debts,
    Is it any wonder that rental properties are becoming scarce and very expensive, it cost huge amounts of money to get bad tenants out and causes huge stress to owners who are for the most part decent people and their rental homes are their pension schemes, there are good and bad tenants as there are good and bad landlords I know, but renting out my home is a definite no no. Each to their own choices of course.
    Vindi, you should meet my tenant from heaven/one in a million, you'd be converted in no time.
    Reckon I must have done something right in a past life to be so lucky to have him these past 10 years

    Shame he didn't have a twin brother we could rent our own house out to then all problems solved!
    Life: unfinished threads in a never-ending tapestry
    There but for the grace of God go I

  3. #353

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    Vindi

    I agree with jagmanx and Marie above.

    Particularly where the property is and what type of property it is.

    My sole house has been rented out for some 10 of the last 12 years. It has been rented to 4 couples on quite high incomes, because it is in leafy SW London and near the river, so the rent is quite high. I rent out unfurnished - would have cost me too much for storage over the years. Also the tenants pay the Council Tax, which is now probably in excess of £2,500p.a. maybe £3,000, but I do not see the bill, fortunately.

    I have an agent who specialises only in lettings and they are very thorough, particularly on references from banks and employers. Anyway people in those jobs and on those salaries are unlikely to trash a place and get a CCJ against them and lose their jobs. Also my agents inspect regularly - their office is about 1/4 mile away.

    I have only had short 'voids' - just long enough to do a little re-decorating(wear and tear, fading paint, not damage) and some modernisation.

    If I were to sell up and still wanted to invest in a house, both as an income and a bolt-hole to return to, I would choose a property in/near a University Town with a teaching hospital. The intention would be to find married post-graduate lecturers or Medical Registrars, who are people who might be in career progressions and moving on, so do not wish to buy even if they financially could.

    In summary, get right property in right area, stable tenants and a specialist agent.

    Geoff
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  4. #354

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    Quote Originally Posted by vindiboy View Post
    I would most definitely never rent out my home, I have seen too many Ballif programmes on tv to do that, lots and lots of hassle trashed homes and left with huge debts,
    Very wise: nobody should rent out their home. But that's not the same as renting out the premises that used to be their home.
    Your home is the motorhome, not a building you used to live in. If your view of the world is based on what you watch on TV, you must live a very peculiar life.
    There are millions of houses rented out in the UK, the VAST majority are hassle-free.
    Yes, your tenants can have life crises, the house can have defects that need repairing, the agents can (should I say "probably will"?) be an expensive and fairly useless overhead, but you are providing a home for a family, you are keeping a place on the housing ladder, and you are doing it in a fairly risk-free way. Leaving a house empty for long periods seldom ends well.
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  5. #355

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    Around here they have decent people with good references rent the houses but they only front for bedsit people who follow them into the houses.

    Agreed the houses are not rented as HMOs but within weeks they are used as bedsits to pay the rent.

    The local council have been on TV showing the substandard housing but I am sure the council don't care less who are in the houses.

    I have tried telling the council who's in the houses, who the people work for, building firms but the council have not replied, I am sure they are not interested.

  6. #356

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    Quote Originally Posted by hairydog View Post
    Very wise: nobody should rent out their home. But that's not the same as renting out the premises that used to be their home.
    Your home is the motorhome, not a building you used to live in. If your view of the world is based on what you watch on TV, you must live a very peculiar life.
    There are millions of houses rented out in the UK, the VAST majority are hassle-free.
    Yes, your tenants can have life crises, the house can have defects that need repairing, the agents can (should I say "probably will"?) be an expensive and fairly useless overhead, but you are providing a home for a family, you are keeping a place on the housing ladder, and you are doing it in a fairly risk-free way. Leaving a house empty for long periods seldom ends well.
    I rent my mums old house out to a lovely couple, Mum, Daughter and Gran. 3 years now, never been late with rent, keep the place spotless and even get some jobs that I would do done themselves.
    You do have to be careful with anything you do nowadays, but I can say Im very happy
    Yes you can, Yes you can, Yes you can !
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  7. #357
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    Nabsim is offline Full Member
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    Quote Originally Posted by Nesting Zombie View Post
    Just get the ‘Cheap as Chips’ Gravity Fed Water filtration unit that comes complete, it looks like an old fashioned Tea Earn, you put Raw/Dirty/Contaminated water in the top half, let gravity do the work & have Clean Filterd Fresh drinking water out the bottom tap.
    Check back later I will post some pictures, but have to check my nets now
    Did you get any pictures NZ, or a make/model would do and I can google?
    Don't Worry, Be Happy

  8. #358

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    Quote Originally Posted by Nabsim View Post
    Did you get any pictures NZ, or a make/model would do and I can google?
    . Hi if you are putting dirty water in you definitely need to use Katadyn filters . We used a system like this for many years when our kids were small. Other cheaper filters will filter your water but not take out the bacteria that makes you ill. 6ACEE7F4-6E41-475A-9861-332044C34A4A.jpg

  9. #359

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    Quote Originally Posted by Nabsim View Post
    Did you get any pictures NZ, or a make/model would do and I can google?
    Hey Nab,
    Sorry it’s been a while, ‘Real Life’ got in the way & has made me realise just how un Fit I is,,,it’s just taking me Longer & Longer to Shuffle & ware down my foodsorce nowadays, & they’re getting Blinking clever at avoiding my cunning Zombie Traps as well.
    I use ‘Coldstream’ FTO Plus Silver impregnated Ceramic Candles, Each one is re-Useable, Filters just a tad over 1Lt of RAW water per Hour, Takes our pretty much all the Nasties & even is a detterant against Vampires !.
    CF83B8B6-BF04-46ED-98B1-3F83A612C271.jpg
    BAD6B5E6-0B94-4403-99F4-B39905E1CEC2.jpg
    A7AC9538-CAB6-49BE-826F-8AAFBC2A6D91.jpg
    87788397-80D8-470E-A88E-E3F5FD8920D6.jpg
    D2FFB116-8B58-43F2-8644-13082EA66FE8.jpg
    So with the 4 of Thease that I have fitted I can Filter around 5 Lt of Raw water from Streams, River, Lakes, Questionable Tap sources into Fresh per Hour.
    Last edited by Nesting Zombie; 12-02-2019 at 20:15.
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    Thanks Nabsim thanked for this post

  10. #360
    Nabsim's Avatar
    Nabsim is offline Full Member
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    Thanks for the info NZ.

    I will apologise if this is a stupid question now...

    Do you have one of those £250 to £300 gravity filter units you fit the cartridges in or do you do something else? At the moment it would be rare for me to need to use a filter so couldn’t justify costs to Caz lol she would just lock me in
    Don't Worry, Be Happy

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