Budget and BTL

[Diver]

You forgot the lawnmower!

Bah! Call yourself a pro!

We cut the grass and carry out general outside maintainence.

Fence & shed treatment, gutter & drain clearance etc

[bogeyman]

We cut the grass and carry out general outside maintainence.

Fence & shed treatment, gutter & drain clearance etc

Blimey! I get the agency to do maintenance but the tenants can blooming well cut the grass themselves.

[Diver]

Blimey! I get the agency to do maintenance but the tenants can blooming well cut the grass themselves.

Doing it yourself means that it's done properly and fences, sheds etc aren't rotting away and gutters & drains overflowing causing damp and damage.
It also means that you keep a close eye on your investments.

[bogeyman]

Doing it yourself means that it's done properly and fences, sheds etc aren't rotting away and gutters & drains overflowing causing damp and damage.
It also means that you keep a close eye on your investments.

I don't have time for that. I get a report every 6 months on my props and occasionally drop by unannounced to check. No problems in 12 years.

[Diver]

I don't have time for that. I get a report every 6 months on my props and occasionally drop by unannounced to check. No problems in 12 years.

Do you still carry out home improvement on your properties?

I have a bricklayer building a new wall next week at the property I leased out last night. just to make the property look even nicer. (+ more marketable)

[bogeyman]

Do you still carry out home improvement on your properties?

I have a bricklayer building a new wall next week at the property I leased out last night. just to make the property look even nicer. (+ more marketable)

Yep. Just knocked down an old detached garage and built a new one with a sort of granny-annex space over it.

You have to play the long game. It's no good thinking of housing as short-term assets.

[Diver]

Yep. Just knocked down an old detached garage and built a new one with a sort of granny-annex space over it.

You have to play the long game. It's no good thinking of housing as short-term assets.

I don't want to be doing BTL forever, there is a time to sell up and retire completely.

Preferably somewhere warm

[Bear]

Preferably somewhere warm

Morriston Hospital?

[Diver]

Morriston Hospital?

Thank you for your invaluable input Bear

With my track record, my retirement will be close to a good hospital though

[Bear]

Thank you for your invaluable input Bear

With my track record, my retirement will be close to a good hospital though

Reading the thread with interest - trying to learn something useful for the future.

I have 1 BTL currently