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Simon Wahls
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Hi Anthony. Given the level of vitriol in your message, it’s safe to assume you’re trolling for responses. And for the sake of discussion, I’ll bite. It’s fair to say that some landlords are better than others. And there are many landlords who simply do not budget... simply do not plan ahead. If you’re entirely reliant on payments from month to month, then it probably suggests that you are doing your financial planning badly. If a missed payment or two actually causes a landlord issues... then it may be a sensible option to address your cash-flow. By that, I mean sell the rental property. You could obviously use that money to support yourself and your family. I guess if you are adamant that your want to retain the property - then there is the option of paid employment. That way, you could exchange some of your time for money, to provide an income while your property asset isn’t yielding any money for you. Hope that’s helpful. You’re not the only one in this position, not to avoid the tar brush of being a “bad landlord”, there are options open to you.
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From: Simon Wahls
02 April 2020 13:49 PM