I'm a landlord in London.
And I'm a cunt.

But, new tenancy: finders fee of 10% of total rent for the duration of the AST: £2K
Flat empty for a about month between tenancies: £1.5K

That's got to be some pretty expensive repairs.
(Baggenfrock get fucked, Thu 25 Sep 2014, 22:50, archived)

Beats me.
So, is it worthwhile being a Landlord? Does it go down well at parties?
(DolphinWhipperer, Thu 25 Sep 2014, 22:55, archived)

you must go to some dreadful parties
do you break the ice with mortgage rates and the traffic on the ring road?
(sock puppet 94980 your personal details here, Thu 25 Sep 2014, 23:01, archived)

Yes. All that.

(DolphinWhipperer, Thu 25 Sep 2014, 23:03, archived)

I think it's more hassle than its worth (to be a good landlord and do what you're supposed to, it's probably pretty easy if you ignore your tenants).
Not really my choice - the other owner doesn't want to sell yet. Hopefully we will soon.
(Baggenfrock get fucked, Thu 25 Sep 2014, 23:02, archived)

don't let marshmallow hear that
property is the sexiest thing like ever
(sock puppet 94980 your personal details here, Thu 25 Sep 2014, 23:07, archived)

I pay just under 5% including insurance to cover lack of tenants for up to six months
not saying you're a shit capitalist or owt but ... you know ... you are
(sock puppet 94980 your personal details here, Thu 25 Sep 2014, 22:57, archived)

You're a landlord too?
God, it's all making sense now. The cunt's hit the fan.
(DolphinWhipperer, Thu 25 Sep 2014, 22:59, archived)

You're probably right.
It was our first time at it, we didn't really know what we were doing and went with a big high street name.
(Baggenfrock get fucked, Thu 25 Sep 2014, 23:16, archived)

(Don't tell him he's right. Just don't)

(DolphinWhipperer, Thu 25 Sep 2014, 23:19, archived)