Originally Posted by
Brin
wendun, mi owd cheese how's it going? Now I want you to tell me the truth to this question.
You own six properties, and all are are buy-to-let rentals. Now with the interest rates having shot up, suddenly you're going to be out of pocket, several hundreds if not a few thousand pounds of rent per month because of this so:
1. Do you inform your tenants their rent is increasing to cover the cost of the rate increase?
2. Do nothing and let them keep on the same rate and YOU take the hit?
3. Work something out of a modest increase where you HOPE, they pay you back the missing rent money?
4. Put all properties on the market, informing your tenants within the correct timescales that they will have to leave?
I await your answer both as a humanitarian and a businessman.