Can I pay my partner for managing my property - and book keeping?

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    #16
    Originally posted by Kay Powell View Post
    Best not to push your luck. Letting agents have overheads.
    They also benefit from economies of scale (if they have any sense), which OP's partner doesn't...I don't think 15% is unreasonable if that's what a letting agent charges. Plus, OP's tenants will almost undoubtedly be getting a faster, more personal service, which has to be worth something.
    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

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      #17
      I'm just looking at the property redress scheme, which is one option that my partner would need to join if she was to manage my BTL's.
      So its £195 per year I think, which is fine.
      Does she need to set up a company name to be a property manager?
      And then a business address etc? Surely not?
      Using our home address for business use might have implication for mortgage cover etc?

      I assume a lot of people work from home so this isn't an issue?

      Also we have a joint account. Can I transfer from this account to her account?

      Or does it need to be solely my account to solely her account please?

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