Being a landlady has really proved to be quite lovely. More than a year in and I have had no issues. If Carlsberg made tenants, they would probably have made mine.
I will admit it, I have been feeling pretty good about the whole thing. Until last week when THE DREADED EMAIL arrived from Companies House, telling me that my accounts were due – in three weeks’ time.
For those of you that have read this blog from the beginning, you may well recall my very nonchalant comment, that I would not be engaging an accountant for something as simple as my company.
Rent in, mortgage payment out, right?
How hard could preparing the accounts be? I am now seriously regretting this statement! While nothing has changed in terms of what the company does, now I am faced with the prospect of having to actually do this, I am having a serious volte face. Kind of…
Most normal people would simply call an accountant. Let’s face it, August isn’t exactly tax return time so I should be able to find one with time on their hands. I know this is what I should do, but me being me, a stubborn old bag, I’ve decided that I am going to do this myself, mainly because I want to understand how it works and what’s involved.
Of course, I will be blogging again in a few weeks to let you know how it went – should be interesting.
In the meantime, please send gin...
Diary of a Buy to Let Purchase
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