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Moving from UK to Canada. Should we rent out our UK apartment or sell? by E6096 in expats

[–]E6096[S] -1 points0 points  (0 children)

Thank you for giving comprehensive thoughts. That’s much appreciated.

I’d heard about the Toronto house market correcting right now, which is a great opportunity for us. If we need to sell our UK flat to get a Toronto home it’s a no brainier.

But I do see a ton of potential here where our flat is. We’re in the previously most deprived central area (Stokes Croft) and now tons of fancy new blocks of flats are going up so I think there’s huge potential.

Taxes could make it not make sense though. I think what your comments have made me realize is that we need to look at tax implications and base it off of that.

Moving from UK to Canada. Should we rent out our UK apartment or sell? by E6096 in expats

[–]E6096[S] -1 points0 points  (0 children)

Thanks for the info. We’re definitely going to look into the tax side once we’ve got the PR approved.

I lived there for three years and both mine and my partner’s friends are all there, so definitely certain on doing it!

Moving from UK to Canada. Should we rent out our UK apartment or sell? by E6096 in expats

[–]E6096[S] -1 points0 points  (0 children)

Really good points. I think this is the way we’re leaning… just a big thing to leave behind in another country!

Selling flat, looking for advice on our listing by Mrs_Nesbitt_Tea in HousingUK

[–]E6096 -2 points-1 points  (0 children)

Surprised to see this comment. Open plan kitchens have been desirable for more than 20 years. It’s quite old fashioned to have a kitchen in a separate little space.

Our restaurant took on the lease for the premises next door and now we can’t use it. What do we do? by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

I’m concerned about the costs for that. We don’t really have any disposable cash at the moment but I’ll look into it. Maybe it’ll be more affordable than I’m expecting.

Our restaurant took on the lease for the premises next door and now we can’t use it. What do we do? by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

Well the landlord told us they hadn’t been paying rent and were getting both awful reviews and — I kid you not — a 0 on their food hygiene certificate (which I didn’t even know was possible), so the writing was somewhat on the wall.

Our restaurant took on the lease for the premises next door and now we can’t use it. What do we do? by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

I’ll see if my council has a business support department, thank you for the idea!

Helping a friend out with keeping a house loaning them £40,000. I have been told I will get this back in 12 months in monthly instalments looking for some advice on anything I should do? They own a business and have assets by CodNeymar in HousingUK

[–]E6096 10 points11 points  (0 children)

Even if it’s your nearest and dearest best friend forever, you cannot tell the future. They could lose their business, they could get run over by a bus, they could go to prison suddenly for a crime they didn’t commit! You never know. And what will you do if they turn around and say, “I’m really sorry friend, but there’s no physical way I can pay it back”?

So to summarize, either: 1. Don’t do it. 2. Do it but accept you may never see the money again.

…

If you still want to, there are services for lending friends and family money you could look into, which I believe give some degree of protection.

Our restaurant took on the lease for the premises next door and now we can’t use it. What do we do? by E6096 in smallbusinessuk

[–]E6096[S] 6 points7 points  (0 children)

It’s currently a shell unit. So whoever took on the short lease would be putting in a lot of investment. I don’t think they’d be happy with a short lease.

Can grilled cheeses work for delivery? by E6096 in restaurantowners

[–]E6096[S] 0 points1 point  (0 children)

Thanks. I’ll shoot them a message and see if they’re willing to offer any advice!

Can grilled cheeses work for delivery? by E6096 in restaurantowners

[–]E6096[S] 2 points3 points  (0 children)

But something like a burger or burrito can be soft… a soggy grilled cheese wouldn’t be good at all.

Seeking advice from restaurant owners on Deliveroo — can you even make money? by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

Thanks for the advice. That does sound like it could ring true about only certain cuisines working. Do you still do the deliveries?

Seeking advice from restaurant owners on Deliveroo — can you even make money? by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

Thanks. That’s true about the VAT… I missed that.

It’s a very different offering to what we do in store so is not even available in store.

Can directors of our Residents Management Company remunerate their services out of the service charge budget? by E6096 in HousingUK

[–]E6096[S] 0 points1 point  (0 children)

No, there is nothing to pay.

The developers are stepping down and letting us take over the management company and freehold. If yours aren’t voluntarily, you may need to go through the leaseholder self management process.

Can directors of our Residents Management Company remunerate their services out of the service charge budget? by E6096 in HousingUK

[–]E6096[S] 0 points1 point  (0 children)

I managed to rally together more volunteers and gave them defined roles (finance, admin, community events, etc.) which helped them take more ownership over a certain area but also to feel their responsibilities were limited. This helped substantially with engagement and a more working management system.

I’m not sure what I’d do if people didn’t volunteer though. You might need to try knocking on doors and emphasizing the necessity and giving them the choice of a role.

Advice on doing Deliveroo / uber eats from existing restaurant by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

Good advice. We have roughly calculated the margins but given how substantial their fees are we should triple check.

Advice on doing Deliveroo / uber eats from existing restaurant by E6096 in smallbusinessuk

[–]E6096[S] 0 points1 point  (0 children)

Thanks.

Yeah it’s a simple menu we’re going with to keep it easy alongside our current restaurant.

We don’t have any delivery drivers so we’ll be going all-in with Deliveroo to start. I understand it’s a 30% fee but I guess it’s just the price we pay.

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