I agree with Nigel
We have a 3 bed villa that we used to do holiday lets from.
We could get £1K per week during the peak season but when it was empty we still had to pay all the bills for no income.
Good tenants = no bills and a more peaceful life!
Search found 8 matches
- 17 Jul 2020 14:43
- Forum: General Property Questions
- Topic: Holiday lets
- Replies: 2
- Views: 1780
- 18 Jan 2020 18:51
- Forum: General Property Questions
- Topic: Building External Isolation
- Replies: 3
- Views: 3561
Re: Building External Isolation
Do you mean insulation? 

- 02 Dec 2019 19:56
- Forum: Communal Property Management
- Topic: New laws governing Associations etc.
- Replies: 6
- Views: 6268
Re: New laws governing Associations etc.
Hi Nigel We currently have a residents association that administers our complex and I understand it is better/more applicable to call it a management committee. How would we go about changing this name with the bank etc Thank you We have a committee called T**** J***** Residents Association. I went...
- 18 Oct 2019 09:42
- Forum: Introduce Yourself
- Topic: Renting Rules for non residents
- Replies: 2
- Views: 3138
Re: Renting Rules for non residents
CTO?
Doesn't that stand for Cyprus Tourist Organisation (?)
I presume you mean a long term residential let, which is surely nothing to do with the CTO, has it?
Doesn't that stand for Cyprus Tourist Organisation (?)
I presume you mean a long term residential let, which is surely nothing to do with the CTO, has it?
- 29 Dec 2018 11:48
- Forum: Communal Property Management
- Topic: Surplus Funds?
- Replies: 1
- Views: 3274
Surplus Funds?
Morning Nigel Our complex has ten identical houses - we all pay €500 and up to now everyone has paid in full since we took control of the management ourselves. There is around €8K in the account However, one owner has just sent this message and I would appreciate anyone's comments ... EDIT - message...
- 16 Dec 2018 22:26
- Forum: Louise Zambartas' Legal Questions
- Topic: "Own Risk" Disclaimer
- Replies: 5
- Views: 6200
Re: "Own Risk" Disclaimer
On our complex, the meter room is permanently locked with an EAC padlock as mentioned - always has been. Two years ago we got into trouble with EAC bacause someone had tampered with the main fuse and fitted a 60a :roll: Anyway, the conclusion was thus .... -------- Forwarded Message -------- Subject...
- 15 May 2018 11:44
- Forum: Communal Property Management
- Topic: Bank account to run a complex
- Replies: 9
- Views: 8914
Re: Bank account to run a complex
I wonder if you have a suggestion for the following problem. We are an unofficial management committee and with over 50% of owners missing and uncontactable it would appear to be difficult to form a registered committee. Up until now we have used a bank account with a couple of names on it to run t...
- 28 Feb 2018 01:18
- Forum: Mark Nowell's Financial Questions
- Topic: euro current accounts
- Replies: 5
- Views: 7276
Re: euro current accounts
We have a 'savings' account with Bank of Cyprus (Coral Bay, Paphos) It pays a great interest rate ... 0.01% perhaps! :lol: There is no chequebook, but we have a debit card for cash withdrawals and have DD's set up for electricity, water, etc We have on-line banking and once we have 'switched off' pa...