T
Tommy
Guest
New controls on landlords & rental properties
-after reading in fridays newspaper the new legislation coming in next year that restict landlords in obtaining possesion of the property as well as dealing with yahoo tenants, i believe that any investment in this area needs plenty of careful consideration-rent increases it seems will be restricted to market value and once a tenant is in for 6 months it will be difficult to get your property back within 4 years-yes thats FOUR years !!!
-new govt housing boards will be interfering and generally adding to the hassle factor in these type of investment-putting up with bad tenants for 1 yr. is way too long in my view, 4 yrs forget it-add in capital gains taxes, legal fees, cleaning up after filthy tenants, repairs due to carelessness and negligent tenants all add up to an unattractive investment-left wing housing groups seem to be having it all there own way-what with interest rates going up and the possibity of capital gains going up sometime in the future who would be bothered with all of this when you can find a nice managed fund and draw an income hassle free-property investors beware!!!-its going to get worse -think before buying!
-after reading in fridays newspaper the new legislation coming in next year that restict landlords in obtaining possesion of the property as well as dealing with yahoo tenants, i believe that any investment in this area needs plenty of careful consideration-rent increases it seems will be restricted to market value and once a tenant is in for 6 months it will be difficult to get your property back within 4 years-yes thats FOUR years !!!
-new govt housing boards will be interfering and generally adding to the hassle factor in these type of investment-putting up with bad tenants for 1 yr. is way too long in my view, 4 yrs forget it-add in capital gains taxes, legal fees, cleaning up after filthy tenants, repairs due to carelessness and negligent tenants all add up to an unattractive investment-left wing housing groups seem to be having it all there own way-what with interest rates going up and the possibity of capital gains going up sometime in the future who would be bothered with all of this when you can find a nice managed fund and draw an income hassle free-property investors beware!!!-its going to get worse -think before buying!