5 Illegal Mistakes That Lose Landlords Money

Landlords all over the country are breaking the law without realizing it.

They are putting hundreds of thousands of pounds or in some cases their freedom at stake because they haven’t paid attention to a minor detail.

So in this video I am going to reveal the top 5 laws that landlords are breaking – using real life examples – and then I will show you exactly how to fix them.

And if you think you know this stuff already, stick around until the end because I’m willing to bet that you’re breaking at least one of these laws.

Landlords often make costly mistakes without knowing it. In this video, we uncover the top 5 laws that landlords break, often putting their money and freedom at risk. We use real-life examples to explain each mistake and show you how to avoid them. Even if you think you know the rules, you might be surprised by what you learn. Watch until the end to see if you’re breaking any of these laws.

So, let’s get started with our first illegal mistake, which is much easier to make than you might think…

[maxcc]

This video is a golden nugget. Excellent!

[veroniquefrance]

With all the changes to the tax laws and landlords not being able to deduct the cost of mortgage interest payments from their income before tax means that a landlord could very easily move from their current tax band to a higher tax band and increasing rents increases the likelihood of that happening. This could even mean that some landlords are out of pocket after paying tax. The HMRC is the only winner.

I'm not a tax expert but I used to be able to work out my likely tax bill and had formulas in my spreadsheet that worked it out. but now I have no idea how to work it out or what formulas to put on my spreadsheet. So no idea what my tax bill will be but I know that with the BoE interest rate increases that I will be paying a lot of tax on money I don't actually have. That could even mean that I am out of pocket. It's a double whammy for me as my pension age increased from 60 to 66 and I currently rely on the rental income to live on.

[seeingthelight]

I enjoy your presentation style, simple and straight to the facts. On a separate note, I can't find the link for legal rental requirements in the description.

[spencebespokedreams]

Can you do a complete A-Z of deal sourcing please from searching for the deal all the way to either selling it or refinancing

[enan]

I'm selling up. Can't be bothered with the red tape

[youtubeman]

I don’t take deposits anymore it’s not worth the hassle, , I just put the rents up £20 a month,

[asiannvasion]

Am i right in saying that an EICR is valid for 5 years even after the property has been sold to another landlord? Or will the new landlord need to get a new certificate done?

[BsktImp]

Just pass on all these costs to the tenants plus a nice healthy mark-up. It's a landlord's market out there so renters will pay.

[CanadianMirror]

Do these rules applu to having a lodger? Under a lodger agreememt?

[youtubeman]

Photo I’d or the tenant doesn’t get passed first base, I take copies

[rajomshanati]

London so many landlords know give cash room rent or so many council home give room rent just not used post most done by migrants from 1 community

[JohnSmith-bbcl]

Why would you rent a property too much red tape, no money in it and the new rules mean your less likely to get your investment back in good time. Sell up and stick it in an isa.