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Sick with worry - I'm a non-resident landlord - need advice

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    #62
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    carpejugulum wrote: »


    The rental market in Germany is much more developed and professional.
    Its not really, Murphaph and others have written extensively on this before. Its a bit of a myth.


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    #63
    murphaph
    Registered Users Posts: 19,022 ✭✭✭✭murphaph


    carpejugulum wrote: »
    The rental market in Germany is much more developed and professional.
    Sounds like waffle to me. You have no reason, just admit it.


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    #64
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 22,379 CMod ✭✭✭✭Pawwed Rig


    murphaph wrote: »
    Company vehicles are the obvious example. In Germany you can deduct the full mortgage interest and also any taxes and charges that aren't passed on to the tenant outside of the rent.

    See also the UK where the council tax is levied on tenants rather than landlords. Again easy target here to just levy on the landlord.
    This of course is one of the reasons for the huge (unsustainable) increase in arrears on buy to let properties.


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    #65
    murphaph
    Registered Users Posts: 19,022 ✭✭✭✭murphaph


    Pawwed Rig wrote: »

    See also the UK where the council tax is levied on tenants rather than landlords. Again easy target here to just levy on the landlord.
    This of course is one of the reasons for the huge (unsustainable) increase in arrears on buy to let properties.
    It's certainly partially responsible. The biggest problem LLs in Ireland face is getting their own property back from non paying tenants. This is far too difficult in Ireland and is easily enough to ruin someone financially.


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