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ivan j

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  1. Does anyone have any experience of renting out flats remotely through Airbnb? I am based overseas, but would like to be able to let a flat in London for periods of the year. I'm starting to research this now, but would be great if anyone could share any direct experience. Cheers!
  2. Hi everyone, Can anyone recommend a great letting agent for Leeds? I have two properties in the LS10 area that are currently let, but I would like to switch agents. All recommendations most welcome! Thanks a lot
  3. Good point! I will put down a large deposit, but there will be a mortgage. Deposit will be big enough to satisfy interest to rent ratios.
  4. I'd be interested if hubbers have any experience or advice on this... I'm an expat living overseas for most of the year, but spend some time in London. I have had enough of hotels and would like to buy a flat to stay in when I am over. But I would also like to rent the flat out when I am not there through a professional company. Longer term, I would like to keep the flat possibly for sole personal use or to give to my kids. At the moment I would only need the flat for around 30 days a year. Clearly the yield in London is not strong, but this does not need to be a money spinner. I have a small property portfolio (mainly outside London) which is run through a Ltd company. Question is whether I should buy the new flat through the property company or whether I should buy privately as a (second) home or as a holiday let. I'm only at the start of researching this and will ultimately take professional advice, but it would be great to hear of any similar experiences/advice! Cheers all!
  5. Hi everyone, I am completing my year end accounts and considering whether to charge certain expenses to my property company - rent for office space at home and internet/phone use. I have read the advice (in Rob D's book), but would like to get a feeling for what people charge in practice. Has anyone had charges queried? Are people aggressive or fairly conservative? Would love to hear about other experiences Cheers
  6. Following one private message, let me clarify... I am talking here about property equity funds, for example, the Aberdeen UK Property Class I Accumulation fund (to take the first off the list at Hargreaves Lansdown). I presume most of these funds focus on commercial property, I have only found one build to rent UK fund, focusing on London (Greystar). Seems to be a massive gap in the market for a build to rent fund outside London for private investors.
  7. Afternoon all, Do any of you invest in property funds? I am starting to research this area and would be interested to hear of others experiences. Cheers
  8. Hey Graham, You should look up the podcasts on property sourcing from Rob and Rob - there are a couple and will answer all of your questions.
  9. I have a dashboard in Excel linking to different sheets covering different aspects of the property business. I use a traffic light system - green when everything is fine, amber for example when something is due, red when overdue. So for example, a check that the rent in the statement is correct, check that cash received, statement received, tenancy expiry, occupancy, safety checks, mortgage expiry, notes, consents, insurance, P2P lending, financial reporting deadlines, etc etc. Everything is automated, so I only need to look at the dashboard to see an overview of the whole portfolio. I open the spreadsheet a few times a week, so it is not necessary to set it up to send me reminders on email etc. It's a lot of work and Excel can be a dangerous tool, but it appeals to my geeky side.
  10. hi there, I looked at some of the software recommended and in the end I decided to build my own system in Excel . I am a bit geeky in Excel anyway and am a qualified accountant, so I know how to set things up. I wanted something purely tailored to my needs rather than something off the shelf. But the software recommended above looked very good.
  11. Hi all, I have bought 4 properties in a development and as seems normal, the developer has missed the target completion date and has now sent a "deed of variation" seeking to extend the long stop date and target date. (Original long stop date was December 2019, proposed new long stop date is May 2020) The cost for my solicitor to approve this extension is relatively high. My feeling is that it is not in my interests at all to extend the long stop date. The contract gives me the right to pull out of the purchase after the long stop date has passed. I do not expect to pull out, but as I see it, there is nothing in my favour to extend the long stop date. Naturally I am checking with my solicitor, but would be good to hear any similar experiences. Cheers! JJ
  12. Thanks Tommy, feedback I have received elsewhere also suggests it should be fine to lend from the company.
  13. I have a Ltd property company for simple BTLs. I am looking at investing some surplus cash into peer to peer property funds. It would be preferable (from a tax perspective) to lend from my company and the company earns the interest. My accountant has indicated that this is fine. I wonder whether there may be adverse consequences from mortgage lenders if the Ltd company is engaged in this activity? Do any hubbers have experience of this?
  14. Thanks - looks like it is much more efficient for the company to be placing funds with peer to peer funds than as an individual.
  15. Thanks - but do you know if that credit is treated as normal income for tax purposes? I.e. it is treated the same as rental income?
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