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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    Agreed Palerider. I am a small landlord who has been active in the market for 20+ years. About 1.5 years ago, my accountant who performs my rental tax returns, advised me to think about the viability of my small portfolio of 6 BTLs and question if the net returns were there. It was...
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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    I think that Ceist Beag doesn't fully grasp the business model in play. There are 3 key stakeholders to each tenancy agreement, the asset owner (yes it is an earning asset), the tenant who is the debtor and the government who although is a significant beneficiary (~50% tax on rent) but yet does...
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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    The extreme headline rent levels, primarily in Dublin, are largely due to decades of Dublin centric government policy. There is greatest population demand coupled with high wage levels that drives demand in Dublin; this is what is giving rise to the skewed headline reports. Like it or loathe...
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    Property to rent advice required

    Hi Orangefruit, You/your parents have spent a lot of money to prepare the property. If something goes wrong, then it can give rise to a difficult situation with your parents. There are so many stringent regulations in place that continuously change, I strongly recommend engaging a letting...
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    Advice for First time landlord

    As a longtime landlord currently exiting the market, my advice is to avoid at all costs. The risks, penal tax rates, headaches and legislative threats imposed do not support the financial return.
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    What do landlords withhold a vacating tenant's deposit for?

    Hi Jeanmac, What is specified in the letting agreement with respect to the return conditions of the property at end of lease ? If the agreed return condition is not expressly stated then it will be difficult to argue a subjective viewpoint which is not fully supported by a legal agreement with...
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    Assessment of Financial Goals with €2m property and 955k Debt

    My apologies for only getting to respond now... CMV = Current Market Value. The question I was asking relates to the interest rate deal you have negotiated with your lending institution and whether the interest rate is based on an LTV threshold that is dependent on market value of each property...
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    Assessment of Financial Goals with €2m property and 955k Debt

    Hi Fonduster, Are these all residential BTLs or are there any commercial units in your portfolio ? If you claimed VAT relief at purchase on any of these, then you may have a service income VAT liability given your level of rent roll. Overall, I think you are quite exposed to, what I assume...
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    Investment Property (Mortgage) Advice

    The economics as you have outlined just don't make this a realistic investment. Gross yield needs to be a minimum of 8% if you are funding through borrowing. You need to treat being a landlord as a job, not just something you can dip in and out of when it suits you. If you are intending to...
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    Corporate Lets

    I did one corporate let a number of years back to a large US pharma. It was challenging. The company used the property for their senior leadership which was sporadic in terms of occupancy. It resulted in items just being left "on" as the individual(s) left to catch a flight back home. The...
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    Becoming A landlord (Need advice from experienced landlords)

    Hi Tobyboy, I have held a small portfolio of buy-2-lets over the past 20 years or so and have seen many many tenants come and go during this time. In the majority of cases, we have gotten it right when selecting a suitable tenant, but on occasion, we've gotten it wrong. When it goes wrong, it...
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    Landlord Costs To Bring Property Back To Rentable/Sale Condition

    I would like to clarify that this thread is not about landlord versus tenant. The purpose is to garner some feedback from the wider community to establish if my own experience is shared, of renting out a number of properties over the past 20 years whereby I have noticed a significant increase...
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    Landlord Costs To Bring Property Back To Rentable/Sale Condition

    Thanks dereko1969. I suppose it may depend on the individual landlord. Personally, I want to protect my investment and am prepared to bring it back to the condition it was in at the start of the tenancy, hence the term "original condition", as opposed to new property standard. Capitalizing...
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    Landlord Costs To Bring Property Back To Rentable/Sale Condition

    As one of many landlords who has made the decision to exit the rental market after 20+ years, I decided to invest €10K to bring a 13 year old property up to condition suitable for sale. The cost of this task was fairly significant after "good" long term tenants (family of 2+2, 5 years) vacated...
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    How many landlords have quit because of rent controls?

    Not correct, a portion of USC is applied to gross rent. All business owners (and employees) have a revenue approved mechanism for deducting reasonable expenses incurred during the course of executing their employment obligations.
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    How many landlords have quit because of rent controls?

    I have posted on this matter previously, so apologies if folks think I am harping on, however I would like to share my view on the BTL market having been a long term landlord since 1997. I currently have 5 BTLs in Ireland having sold 2 earlier this year. Additionally, 2 x notices of...
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    Lower (PAYE) tax countries

    Excellent resource, thank you.
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    Lower (PAYE) tax countries

    Thanks Protocol, This is an excellent quantitative resource.
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    Lower (PAYE) tax countries

    Getting back on track to my original post as we have made the decision to emigrate to a lower tax jurisdiction, I would appreciate views/experience from those who have lived and worked in jurisdictions where direct taxes are significantly lower than Ireland. In particular, which of these...
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    Lower (PAYE) tax countries

    PRSI contributions do not equate to dental or medical benefits in any meaningful way. Property levy does not include refuse collections (as is the case mainland European countries). Lack of adequate police resources both in terms of manpower and equipment. Lack of any form of reliable and...
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