Renting out UK Property
Has anyone rented out their UK house whilst living in Oz? If so, did you have many problems i.e. with the rental company fixing stuff or collecting rent? Not sure if its just easier to sell and make a clean break rather than leaving property still in the UK.
Thanks for any help. |
Re: Renting out UK Property
Originally Posted by cybie007
(Post 12675527)
Has anyone rented out their UK house whilst living in Oz? If so, did you have many problems i.e. with the rental company fixing stuff or collecting rent? Not sure if its just easier to sell and make a clean break rather than leaving property still in the UK.
Thanks for any help. |
Re: Renting out UK Property
Just be aware that the time before selling before Capital Gains Tax is liable is being reduced next year, from something like 18 months to 9 months. Perhaps something to factor in when deciding whether to sell or rent.
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Re: Renting out UK Property
Other people's experience is not going to be a whole lot of help - one tenant can cause a mountain of issues, and you might go 30 years with good tenants and have no issues but then you experience the tenant from hell. :(
Conversely your very first tenant might be the tenant from hell, that is the risk you take being a landlord, which is amplified when your property portfolio is a single unit. It is relatively easy to tolerate a bad tenant if you have five units and only one bad tenant in five years (25 unit-years), but a whole lot harder when you have one bad tenant and only one unit. |
Re: Renting out UK Property
Originally Posted by cybie007
(Post 12675527)
Has anyone rented out their UK house whilst living in Oz? If so, did you have many problems i.e. with the rental company fixing stuff or collecting rent? Not sure if its just easier to sell and make a clean break rather than leaving property still in the UK.
Thanks for any help. Things to be aware of:
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