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The Huffington Post has joined in with the Labour leaders attack on landlords. The news site posted a piece listing Six Shocking Property Facts About How Hard Renters Have it in Britain.Number 4 on this Huffy fact list accuses landlords of 'making over £14,000 a year on average due to rising rents'.
Really? Landlords make an average of £14,000 on each rental property?
The online newspaper negates to mention that this is before any deductions for BTL mortgage payments, landlord insurance, management charges and maintenance and repair costs.
Balanced reporting, now that's something that would be really shocking.
A more balanced and accurate picture of what it is like to be a landlord is described in Homes and Garden Magazine this week by accidental landlord Victoria Whitlock.
A more balanced and accurate picture of what it is like to be a landlord is described in Homes and Garden Magazine this week by accidental landlord Victoria Whitlock.
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2 comments:
We made less than £12000 pre-tax profit from eight properties last year. We probably won't pay tax though, as still carrying forward losses from previous years, having failed as yet to break even since we started renting in 2006. That's the reality for many of us.
Thanks anonymous. Your reality is shared by many landlords out there. I hope you've seen an uplift in your capital values over the past twelve months to compensate for any losses.
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