Oh the joys of rentals

The new year has started and I have expenses on my rental property. January always seems to be an expensive month for me.

I am so glad I have this managed through an agency, I know it means I am paying more as I lose some of the income due to fees but they take all the calls and get repairs done quickly and at a good price (trade) – better than I can get privately. I have no intention of becoming a professional landlord with a portfolio of properties.

The tenant says the shower is playing up – so the agent is going to send someone round to check it out and see if its a repair or a replace. Just the typical wear and tear, I also have my tax bill to pay this month.

My accountant has sorted out the rental income/expenses and due to other issues with my tax code, I don’t have a big bill to pay for the last tax year – this one will be a different matter.

I am just hoping that the tenants are happy and renew the tenancy this year for another 12 months. That would help to stablise my income stream for the year.

I have had a good month with dividend payments this month so these expenses will be offset by dividend income to balance them out.

Advertisements

One thought on “Oh the joys of rentals

  1. Being a landlord is tricky sometimes. I’m mid-way through a ‘boiler saga’ with one of my rentals. The key is to remind yourself of all those months when the rent rolled in with no issues and no extra expenses.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s