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Ohh – I am just going to rent (if I cant sell my flat/house….Part 2

So you need to budget for all those fees. Most tenancies last for 12months to 18months before they move on:-

Rental £1000

Annual rent per year £12000

Voids £1000

Tenant finding fee £500

Management fee pm £125 +VAT pm £ 25= £1800

Inventory £180

Deposit Protection £25

Landlords Insurance £195

Maintenance £40pm £480

TOTAL £4000

NET income £12000 minus £4000 = £8000

8000/12 = £666.66

Now £1000 a month is really £666.66 per month in your pocket (pre tax of course).

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