26 Jan 2010 12:18 PM:

We've been renting (short term rentals only) since 2008, it was going OK except for delayed rental payments which also stopped in November. Also just been advised changes to the administration in relation to application of VAT and deductions of IRPF 24% Tax which may mean this is not such a simple solution for the longer term and net return is now questionable (will probably  look to manage ourselves now via family and friends). Next payment advised to start in March after they apparently are still chasing monies owed by tour operators. 

Got to say I'm a little disappointed in the way this has turned out, as I hoped that it would be the 'low maintenance' solution to covering some of the costs - looks like we'll be better doing this ourselves. Having said all that, I have no problems or complaint with the Albayt reception in their managing my queries - have always had a quick response and I don't feel they have tried to BS me. Question for me is if monies due don't materialise, do we have right to hold back or off-set against Community fees (one for the lawyers maybe but let's hope it doesn't come to that!)

On a separate note, we've had a place in Cost G since 2006  and rate it first class - many friends and family have also holidayed there and absolutlely love it. I know it's had it's problems but for us, it's clean, safe, well managed, the Albayt is a nice too have if you want to indulge and location for beaches, golf, and local towns and villages is superb. Only niggle we have is crossing the road/roundabout to get  down to the beach but here's hoping!

If anyone has any good advice on self-managing rentals eg holidaylettingsuk etc then any advise welcome

Regards

Greg   

Community thread: Late Payment of Rental Settlements from Albayt CC

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