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OT! First of each Month: My Pay Day!!!

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Janet

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OT! First of each Month: My Pay Day!!!

In article >,
says...

> My tenants will provide me with INCOME!

You haven't yet realised that from their rent, you have to pay tax on
that income, any local property taxes, and repairs and maintenance on
the property.Because you've never owned a property before you have no
inkling what those repair and maintenance costs and work are likely to
be.

Multiple occupation wears things out faster, (like mattresses,
furniture, paintwork, kitchen equipment) and as Landlord you have to
replace those. With a smile. At your expense. Out of rental income.

Then there's cleaning. A property owner naturally wants to keep the
place secure, aired, dry, clean. To avoid the build up of smells, dirt,
moulds, insect or other infestations in the communal kitchen and
bathrooms.

Frankly, some students and some tenants won't care, it's not their
property. They already paid you to take care of all that. They may
regard cleaning up as beneath their dignity for cultural and social
reasons.

If one sloppy student tenant uses someone elses towels and soap, eats
their food from the fridge, leaves turds floating in the toilet , their
pee misses the pan, housemates who complain will expect you, the
RESIDENT LANDLORD to deal with the problem for them.

In that situation I don't see you cleaning up in a pinny and marigolds
or resolving conflicts. You'll have an abusive meltdown just like you do
here, with predicatable effect for that INCOME you rely on.

Janet UK

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