Today our UK management company needed us to send some money so they could start ordering things for the flat renovation. They also let us know the reno would cost 680 more (plus VAT, so more like 816). We were already going to have to borrow 500 pounds from NT's mum, so he asked if she could front us another 1000. We'll be able to pay her back pretty quickly once we start pulling in rent again.
We're also waiting for the last rental income to post to the account, so I could only send some of the money needed. I was going to send 12,000, but found out that HSBC will only transfer 10,000 per day, so I just did that. We'll transfer the rest once we get the rental income and the loan from NT's mom.
So today's transfer was 10,000 ($16,000). In a day or two we'll send the rest (about 4,000 or $6,400).
It's a lot, but will add at least as much value to the place, so it'll be worth it. At this point the place is barely rentable, but we'll be able to pull in a higher rent once it's fixed up.
It's good to start that process and not have it hanging over our heads anymore.
I also got an email from the tax guy and was hoping I was getting my returns back, but he just needed a bit more information about when we were living where last year. Oh well, at least I know he's looking at our return now.
Bit of spending -- $16,000 out
March 17th, 2015 at 01:21 am
March 17th, 2015 at 12:30 pm 1426595428