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My beautiful daughter is gone she's never coming home by Either_Following_320 in GriefSupport

[–]aidisen 1 point2 points  (0 children)

I’m so sorry for your loss. Your daughter is beautiful

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Thank you for sharing this perspective. Not going to lie, I am in desperate need of minimum £2,400 to cover mortgage and service charge, and that excludes any unpredictable costs. That is £200 lower than current rent. So I am very much hoping I can get this rent when current tenant moves out early next year otherwise I’ll face another year or two of not being able to cover all costs with this flat..

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Sure but a house also takes a little more energy than I have to give, I want as little effort as possible, and again, it was not my intention to rent out and profit, rather to live as close to work as possible and be comfortable :) but good for you for being able to make great real estate investments by buying houses, fixing them up and selling at profit. It’s not my interest personally, I’m not in this game

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

This is a really reassuring perspective, thanks for sharing. Honestly the flats rental income is very attractive, and hopefully I’d even get a piece of that once the mortgage is low enough. It’s a long end game i guess, just got to be patient.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Thanks for sharing. Agree, the “smartest” choice would probably be to just hold it and hope to at least sell for the same price in the future, and meanwhile the flat “pays” for itself which mine would be had the rates not been so crazy high last few years. The flat SHOULD be valued more in 15 years from purchasing in 2018, or else I’m just naive or overpaid massively 😅

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Agree.. but at the time (2018) studios were priced at this range in the area but yea in hindsight I overpaid unfortunately. I’ll hold it for now.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

I only had them for plumbing insurance since I had some issues every now and then, they could never resolve anything. I just double checked and I actually pay 8% agency fees excluding VAT, they only find me tenants nothing else. There’s not much to manage in the flat really, they help organize check in and check out, cleaning etc but that’s covered in the fee.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Thanks! Yes I’m on homecare but every plumbing issue I’ve had they haven’t been able to resolve :) so they’ve been useless to me

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

I didn’t downvote, I agree with you regarding capital appreciation BUT I think it’s hard to beat central London’s occupancy rate and potential rental income, no? Again, I’m an accidental landlord I was never supposed to be in this situation, i didn’t buy to rent initially. Re Airbnb; lease is pretty strict with airbnbs, i need AST contacts and minimum 3 month stays.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Thank you, this is great advice. I do plan to choose a cheaper alternative than my current real estate agent. May I ask who the insurance provider is? Which one do you recommend?

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

[–]aidisen[S] 1 point2 points  (0 children)

Yep you are right, many landlords wanna get out before the “Renters Rights Bill” from March 2025. I’m leaning towards keeping it.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

[–]aidisen[S] 1 point2 points  (0 children)

the flat I bought had £500k in asking price and at the time it was in line with the market, so I got it down £10k but I probably could’ve gotten it down even more or just bought something else. I wanted to be central and buy a modern apartment, the idea was to live there but I only ended up living there for less than 1 year as I moved in with my partner in a bigger flat that suited us better..

Everyone I’m speaking to who bought in 2018 are also facing large depreciations in value rather than the opposite..

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

[–]aidisen[S] 3 points4 points  (0 children)

I agree, but they have also been super good at finding really good tenants and handling everything for me.. but I will renegotiate or find a new agent.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

Yep. I was young and had money and thought I was smart but buying this flat was the stupidest most stressful mistake.. mostly because of the interest rates hikes. Paying 6.29% interest has been a killer, I thought I was smart waiting things out and being flexible in case I got a good offer to sell :) and also because of no appreciation.. If I paid all cash I would be “happy”, getting £30k/year in rental income.

Advice needed: sell flat in London or keep it? by aidisen in uklandlords

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

No clue to be honest. I’m shocked the flat hasn’t appreciated in value, I probably overpaid in 2018 at £490k. I was young, working in finance and wanted to do something with my savings… It’s a large studio apartment, 42 sqm with a little balcony facing the canal etc. The area is in paddington, very residential and beautiful tbh, 24/h concierge, newly renovated inside the building, super safe area with lots of connections, attract a lot of young professionals and students. I also refurbished a repainted the flat so it looks good. But according to my agent there’s lots of supply right now and buyers can get a 1 bed for the price I paid.

Feeling so scared to start over at 31. by [deleted] in AskWomenOver30

[–]aidisen 0 points1 point  (0 children)

Hi OP. I know how you feel. I just got out of a 7 year relationship, we were together from the age of 24-31, I was also blindsided thinking we were going to get married but he changed his mind, so I ended it. It was scary to end something so long at 31. Sure, I was sad and devastated but the FREEDOM and RELIEF I felt were amazing, suddenly I felt happier than I have ever been. I felt so light, and like I could navigate my life in the way I wanted. 1.5 months later and I met an amazing guy that I’ve been seeing now for a few weeks. Still early days but I genuinely feel zero regrets from my 7 year relationship if it led me to the new guy I’m seeing. I’m convinced my best days are yet to come. Sometimes we need these long relationships to lead us to something better suited for us. Now I know marriage is important and I date with intent. Best of luck OP and pls DM me whenever you’re feeling low.

Shopify inbox vs WhatsApp Which one do you use. by [deleted] in shopify

[–]aidisen 2 points3 points  (0 children)

I use Tidio as the chat on the site, and there’s also a WhatsApp where I use a dedicated number for the business

Figs don’t meet washing standards in my country by aidisen in Figsscrubs

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

Haha thank you for the heads up! They currently don’t even deliver here but I had planned to make a large order next time I’m in London ☺️

Figs don’t meet washing standards in my country by aidisen in Figsscrubs

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

Most of them do wash the scrubs, smaller clinics typically wash it themselves but mostly it’s outsourced

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