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Dominic Tighe
1377  Profile Views

About Me

my expertise in the industry

Dominic's Recent Activity

Dominic Tighe

From: Dominic Tighe 27 November 2023 11:08 AM

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From: Dominic Tighe 14 November 2023 11:43 AM

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From: Dominic Tighe 12 June 2023 09:28 AM

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From: Dominic Tighe 02 June 2023 11:11 AM

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From: Dominic Tighe 20 January 2023 09:41 AM

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From: Dominic Tighe 07 November 2022 11:14 AM

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From: Dominic Tighe 02 September 2022 09:20 AM

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From: Dominic Tighe 26 August 2022 09:17 AM

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From: Dominic Tighe 18 August 2022 08:39 AM

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From: Dominic Tighe 15 August 2022 08:34 AM

Dominic Tighe
You raise some good points worth discussion and I agree with you to an extent Echis. I have some short let’s in my portfolio that I converted purely as a consequence of section 24. I see no problem paying business rates on the same terms as any other business. These moves are partly to stop second home owners from claiming zero rates when they are only letting their properties out for a few weeks a year so again a fair proposition to stop that. I will be largely unaffected as all my properties achieve 70% plus occupancy because I run them as proper businesses. Ref them being lucrative they can be but people shouldn’t start making assumptions like they have and do about BTL’s and all you need to do is buy a property, convert it to a short let and then back the truck up ready for the cash to be poured in. It’s hard work to do it right and isn’t always as lucrative as you might think and carries many risks. Regarding your point about the hedge cutter shouid pay less than anyone else I find a little confusing. If the hedge cutter lives in a property that reflects their income then they will already be paying less. However if they live in a large expensive house and are struggling to afford the council tax they should perhaps reconsider where they live. There are lots of examples where the thinking around property just isn’t joined up. Example; my 92 year old mother lives in a large 4 bedroom detached house on her own where she has lived all her life. . The house could accommodate a nice family and what’s more the extensive plot could be developed into further houses. But instead she lives there alone leading to more pressure being put on local housing and her reward for doing so is a 25% discount on her council tax. I’m not saying she shouldn’t be allowed to stay in her family home but if she chooses to do that she should be prepared to pay more for the privilege not less. We have a taxation system that reflects peoples incomes, admittedly perhaps not enough, but people make choices in life regarding how they spend the money they are left with and society should not be asked to compensate people for those choices. One final point … more taxation on holiday let’s will not encourage me to go back to BTL which is where the real pinch point is … but the removal of section 24 and starting to recognise BTL as a legitimate business would.

From: Dominic Tighe 14 July 2022 16:54 PM

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From: Dominic Tighe 21 February 2022 12:01 PM

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From: Dominic Tighe 15 February 2022 12:21 PM

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From: Dominic Tighe 04 February 2022 11:01 AM

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From: Dominic Tighe 01 September 2021 12:24 PM

Dominic Tighe
@Paul Barrett Thank you for kind words regarding my nativity and idiocy, I shall of course take great heed of your advice as you are so clearly such a seasoned sage of the BTL world and great business guru. Just a couple of observations to make. Firstly I read with great interest that you have had enough and decided to leave the sector. I am sure the whole housing industry will be devastated to hear this news and miss your well balanced commentary. It of course makes me wonder if perhaps encouraging people like you to get out of the game was the governments intention all along? If it was, and I think we all know what kind of person you really are Paul, then strike one to the government I guess. Shame that it took a massive sledge hammer that affects us all to get the odd rotten nut out of the industry but then I guess Machiavelli would have something to say about that. My second point is that over the years I have worked hard to build a solid business through good working practices and developing professional and mutual respect with my tenants. During that time I have still had my fair share of people who have not paid rents for various reasons and even had the odd property trashed at great expense to myself. And yet throughout that time, even with everything the government has thrown at us, through careful business management and adaptation I have made a very respectable living. Reading your advice it seems even stranger that I continue to make a good profit now. Even through this current crisis, through engagement with my tenants we have been able to find a way through and I continue to make a fair and reasonable living. And if tomorrow a few of my tenants suddenly found it impossible to pay the rent and one decided to take the whole thing out on one of my properties my business model would still survive and I would still be able to put some food on the table. And yet you Paul Barrett, this great sage and commentator of the BTL world, this self confessed Warren Buffet of the housing sector could not survive even one defaulter? To quote you from above “Just one wrongun tenant could bankrupt me” It leaves me questioning your advise and wondering who the Naive Idiot really is …

From: Dominic Tighe 28 July 2020 15:38 PM

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From: Dominic Tighe 28 July 2020 14:19 PM

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From: Dominic Tighe 28 July 2020 11:54 AM

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