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Hi everyone, I am a landlord currently with two B2L properties looking to expand my portfolio. I am also someone who constantly thinks about business, new ideas and how I can help other property investors. One area that there seems to be little to no discussion on (at least that I can find) is that of recovering lost rent when NO rent guarantee scheme or insurance has been purchased. Typical scenario would be you have had to evict a tenant for not paying rent, you have no rent insurance, have paid all the court fees and are now out of pocket for £££’s of pounds. What can you do to g
Hi Maybe I'm being negative, but what are all the downside risks (ways of losing money) from property investing? And the way to manage that risk so you lose as little as possible. Here is my list - please comment/advise! 1. Increased interest rates. Manage by making sure you are still cash flow positive even if they increase by +1% 2. Property market crash. Manage by making sure I wont need the cash that would force me to sell during a crash. 3. Reduction in rent value. Manage by working out what happens if rental income is reduced by 10% and make sure it's still cash flow po
Hi guys, just a quick few questions on tax that come up less often. BTL insurance claim, if you claim on your insurance for damage to a BTL property, do you claim the insurance payout as income and claim any contractor repair costs as expenses or do you claim neither as its an insurance payout rather than earned income? If you withhold some or all of the deposit due to losses of time, work, rent, damage or whatever, either for actual contractor costs or for your own time and hard work to clean and repair etc, does this need to be claimed as income or not as the deposit
Hi, I have a loss of about £50k in capital gains losses. Am I right in understanding that HMRC no longer allow losses to be carried forward indefinitely and I will just have to kiss that money goodbye? One option is to sell other properties which would allow me to use the loss before it "expires", but doesn't seem like a very smart idea in general... Are there any other options that I'm missing? This is a pretty bitter pill to swallow if I can't use the losses as and when I wish to sell up in future. Many thanks!