Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

Homeless homeowner

«13456717

Comments

  • Registered Users Posts: 482 ✭✭Shauna677


    I hope she finds somewhere to stay soon.



  • Advertisement
  • Registered Users Posts: 85 ✭✭Toby22


    I had a post previously regarding same, family member still so relieved that it worked out. If it was now they would be couch surfing or homeless



  • Advertisement
  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump



    Same in any business. All rules change. It's a bit naive to think that they never can.


    One issue with getting your name in the paper like that is that a person could get themselves in trouble for not employing the services of a collection agent or having the tenant withold and remit 20% of the rent if the owner was non-resident (If you hadn't done so)



  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump



    The tenant does not accrue any rights until 6 months.

    If you consider that you might want to go abroad or travel then you should take that into consideration before deciding to make a long-term life decision. I have made that point on many threads where people go on about why renting is "dead money" etc. If you don't want to tie yourself down, then don't make a decision that will tie you down. If you think you want to take a year out to go backpacking around the world next year on your own, maybe don't get married this year etc. etc.



  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump




  • Advertisement
  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump




    Would you be in favour of the government rolling back some of the protections afforded to tenants? For example, shortening the notice periods and allowing the landlord to terminate at more frequent points in the lease?



  • Registered Users Posts: 10,910 ✭✭✭✭Flinty997




  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump



    Well the smart choice would be not to keep your capital locked up in an asset which needs maintenance if you are unable to manage it so that it can produce an income for you.

    One possible solution would be to liquidate that asset and put the capital elsewhere. Another one would be to learn how to manage it. Leaving is sitting there would not be a "smart choice". But it would be up to you to decide. And bear in mind that we have established that rules can change. So there would be a possibility that you would end up subject to a vacant house levy. Again your choice though whether to keep the property or not.



  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump



    Or the property could be sold to someone else who can actually manage it properly and doesn't need to charge as much to make it work.



  • Registered Users Posts: 10,910 ✭✭✭✭Flinty997


    That makes no sense for anyone for working away for a period of time.



  • Advertisement
  • Registered Users Posts: 18,686 ✭✭✭✭Donald Trump


    There is another thread on boards where the majority of the posters believe a landlord should not be allowed to change the frequency of rental payments because terms were agreed at the beginning of the lease yet most support the government in changing the terms for landlords whenever they feel like it and landlords should just suck it up.


    So is your logic that because the government change rules and regulations from time to time, that one party to a random private contract should be unilaterally change it's terms?

    If not, why are you falsely equating the two?


    Landlords do indeed pay income tax. On their income. Funnily enough.



Advertisement