If you are borrowing a significant amount of the property value rising interest rates and lower tax allowances for interest payments will make it impossible to show a monthly profit, you might be showing a long term property value gain, but you would need cash to make up the difference between rental income and outgoings. if a tenant is a bit hesitant over a suggested small rent increase our first thought is if they move out over £30 a month it will take three years to make up for the empty month. ![]() Even if you keep the gap down to a month its costly. 3 hours ago &0183 &32 FILE - A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Oct. The one drawback that fortunately has not happened to us for a while is a tenant leaving, as soon as they depart you are picking up the council tax and untility bills and there always seems to be outstanding work to be done before new tenants arrive. They make a small profit on the capital employed and have shown good overall growth in value over the years. ![]() We have two long term lets, both mortgage free and in good repair requiring little in the way of repairs. Successive governments and now local councils are turning the screw on both long term rentals and holiday lets.
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