Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
Fergus Wilson, a Kent portfolio landlord has made the headlines recently for the wrong reasons. Mr Wilson has stated that he will start evicting tenants with children under 5. Horrible headlines indeed. Exactly the type of landlord that should not inhabit the PRS, or maybe not?
Mr Wilson has now explained that his Local Council has demanded, that where properties are rented to tenants whose children are under 5yrs old, boilers must be fixed within 24 hours. Excellent in theory, but what if a plumber is not available ? What if a plumber lets a landlord down? What if a part for a boiler is not available and must be ordered? What if a boiler fails and a new unit must be installed?
In these scenarios, a landlord may not be able to repair within 24 hours and thus he would be in breach of the onerous conditions foisted upon him by the Council zealots. The landlord then becomes a criminal, as per these horrific local authorities.
Mr Wilson, in order to avoid becoming a criminal, must regretfully evict his tenants, who by all accounts have been excellent tenants. The landlord loses rent, the tenant loses their home. What sheer stupidity, but who can blame Mr Wilson? I certainly would not, and lets call a spade a spade. This disgraceful episode is down to the council.
Moving on, the Government, as we know, has introduced min bedroom sizes. Meanwhile, there is the new phenomenon, especially in London, where working adults on the ‘minimum wage’ cannot afford housing. Surely it would be better to allow these smaller rooms to be let? Instead we have these potential tenants sleeping in shelters, if they are lucky, or on the streets if they are unlucky.
The zealots, however, feel it is preferable to take these badly needed rooms out of the market. It seems they think it is safer to sleep outside in the elements. The stupidity is mind blowing. Day by day the PRS is under attack.
Councils everywhere are on the bandwagon, sucking cash from landlords with their sham schemes, under the guise of improving the lot of tenants. Even the landlords ability to evict under Section 21 of the Housing Act is under threat!
Wake up landlords and smell the coffee!
If in doubt, issue your Section 21 notices now, and rid yourselves of high risk problems before your tenants acquire indefinite leave to remain in your property. If at all possible, cease taking benefit tenants. Hand these problems back to Government and Councils.
If you do sell up, consider investing your hard earned cash in foreign property or foreign equities. Do your research. Take your investment where it is appreciated.
Only when the PRS is smashed will the powers that be wake up. In the meantime, prepare for 3 year tenancies, and possibly rent controls. This will restrict mobility as accommodation will become scarce.
There seems to be an agenda here, and that is that the Government wants rid of small individual landlords in favour of portfolio landlords.
It is time to fight back!
No benefit tenants, argue every step of the way on licensing. We may not be able to stop it, but we can certainly make life difficult for Councils. Hold them to account on every detail. Film inspections, get tenants onside and give them hell. The alternative is to surrender and lose your business.
Go hard or go home.
Landlords, stop whinging and fight back!
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