Thank heavens for landlords

Thank heavens for landlords

8:56 AM, 17th August 2020, About 4 years ago 52

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This is one of the best pieces I have seen valuing the work of us as private landlords. If only we could get this message across to combat all the anti-landlord rhetoric that is so polluting discussions about the private rented sector and leading to the onslaught of destructive policies which are ruining things for tenants just as much as they are damaging landlords’ businesses.

A landlord writes:

After seeing a “Shelter” sponsored post on my timeline today, I scrolled through some of the nasty comments. Many people think landlords are parasites, trapping people, overcharging rent, forcing people to rent all their lives, preventing people from saving up for a deposit for a house, etc., I posted this comment to try to balance out things:

What about an alternative view?

You haven’t got the money saved up for a 10% or 15% deposit on a house, but you want to move out of your parents home now, so what do you do? If only there were some people who were willing to let me move into a house for only a £700 deposit and another £700 rent.

That way, I can have my own house and have only put down £1400. I can move in within a week or so of viewing it, rather than wait 3 to 4 months to buy. Brilliant. What’s more, if I decide I don’t like the area, neighbours, road noise, or change jobs and I need to move 20 miles away, or I need an extra bedroom, want a bigger garden, etc., I can move out with only a months notice. I don’t have to put my house on the market and wait 4 to 6 months to sell it, or much longer in a poor economy.

What a great system that would be… It’s so flexible, so easy and I am protected by law and have so many rights bestowed upon me too.

Furthermore, if there is a leak, a boiler breakdown, a non-working toilet, the cooker breaks or any other maintenance issue, somebody else pays for it, so I am assured that for the next year or so, my housing budget of £700 a month is never exceeded by a pesky roof leak or boiler breakdown.

Wait… What?!? A system like that already exists? Amazing.

So, you’re telling me that there are other people out there who have had the discipline to save up their wages and earnings and used their perfect credit score for the benefit of others? These people have bought a house, refurbished it, made it habitable, made sure it complies with all the housing regulations, gas safety regs, electrical safety regs, EPC regs and around 130 other regs (which I wouldn’t enjoy if I bought a house)?

So they take a massive risk and let me just put down £1400 to move in, within a week or so of viewing it, instead of putting down £20,000 and waiting 3 to 4 months?!? Who are these mystical people? Is there a name for them?

What was that you said… a “Landlord”.

Wow. We should be so grateful that these “landlord” people are willing to help me out in my hour of need, as I can’t save up £20,000, can’t wait for 3 to 4 months and I want to move now.

Thank heavens for landlords who saved up their money and decided not to leave it in a savings account or ISA or pension, but took a massive risk, invested their money, paid for the house to be done up, helping other people like this…. It’s amazing…

These people must be so loved and valued by society and the Government.

What? They’re called greedy parasites and attacked by ‘charities’ and Government? When they’re sorting out what would otherwise be a huge problem for people?

Is the world crazy?

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Ros poldermans

13:34 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Roy B at 17/08/2020 - 12:47
Tenant one
AST No dogs after moving in A small dog arrived requested can she have a small dog reply Yes
Next month two large dogs in the house.
Tenant leaves replace all carpets, dog shit all over the garden £2000
Tenant two
AST No dogs after moving in A puppy arrived a year on
Replace all carpets Dog shit thrown out the window on to the extension roof £2500
Yes help them out?

Roy B

14:02 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Ros poldermans at 17/08/2020 - 13:34
All the tenants( 4 that I can recall immediately) who have had dogs in my paltry 2 houses left the property in excellent condition and only moved out for relationships or new jobs. Either I am lucky or my agent chose better tenants?

Mick Roberts

14:31 PM, 17th August 2020, About 4 years ago

Brilliant, don't forget like me, driving a van for 20 years, no holidays for 5 years too.

Good words Forever tenant. But the Landlord DOESN'T have to do this:
'You are involved in providing one of the the items that is basically required for any reasonable person to live. A roof over ones head is a necessity, so by profiting from that, you have already been put into a bad light.'

If he's gonna' do it, he wants rewarding at the end of it, I tell my tenants now, I never set this up to be a charity, but it's ending up that way.
I'm entitled to get something at the end of it from all the hassle I've had, the 16 hour days, the not being allowed go on holiday at the beginning, the losses in the early years, I ain't doing all that for nothing.

The Forever Tenant

15:29 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Mick Roberts at 17/08/2020 - 14:31
I'm with you 100% of the way on this. I understand completely. This is an investment for you and you want to make money out of it.

I understand this, but for the public at large, its a hard statement to get past.

Dennis Leverett

16:36 PM, 17th August 2020, About 4 years ago

Reply to the comment left by at 17/08/2020 - 13:01
Art, Does it matter? I really don't know, am I offended, not in the least. Forward is perhaps the wrong word, it's just sad that all this rubbish in the various media that's brainwashing so many people with untruths is actually causing a lot of harm to those it purports to protect be it tenants or ethnic minorities. It's just all about self indulgent politics, envy, greed and now ridiculous political correctness, so nothing changes or is going forward in real terms. I have an online business other than being a Landlord which has to constantly adapt to change or die. I am a good Landlord but will sell at every opportunity as it arises simply because I no longer want to be a part of it. No point in moaning get on and do something about it.

Ian R

16:48 PM, 17th August 2020, About 4 years ago

Just remember that like any business, your worst employee is what sets the customers perception of your business.

So with Landlords... despite all the laws and rules there are still hundreds (if not thousands) of bad landlords out there In the U.K. As someone who is dealing with a ‘Professionally Bad’ Landlord in Brighton at the moment on behalf of my daughter, backed up by an incompetent letting agent who doesn’t understand the current legal framework, I am shocked by their joint incompetence and that of Brighton Council who seem complicit with their ‘crimes’ of providing shockingly bad HMO’s in this day and age. As someone in the property management sector I am stunned that Rachman era landlords are still active today backed up by letting agents....

They are looking at a new property and the new letting agent is head and shoulders above their previous one - but still isn’t up to date with the legislative requirements for a new tenancy agreement which I have had to point out to them. Sadly, one can only hope a lot of bad landlords are cleared out of the sector by the current financial issues and replaced by more professional landlords and letting agents providing a better quality rental experience.

Mick Roberts

16:51 PM, 17th August 2020, About 4 years ago

Reply to the comment left by The Forever Tenant at 17/08/2020 - 15:29
It's not an investment for me any more. I'm far from being an investor now.
I did start out with the sole intention of getting myself something at the end of it.
However, just lately, it's:
'How can I keep this tenant in this house, her home of 20 years against all the odds the Govt & Councils keep chucking at us'.
I have to tell me tenants, if I was a pure out and & out investor, I'd be selling on 'em now, but I can't do that as these people have become friends, sympathetic, morals, doing the right thing whatever u want to call it.
But what is happening now, all this new crap, rules, regs, hard stuff, is driving rents up for my long term good people. I could look after 'em by sensible rents, however I can't do that any more, its at the stage now where I'm looking after 'em by not selling on 'em. After all it is their home, not mine. I'm mindful of that. They can't just walk up the road & get another house like they could 5 years ago pre-Licensing days & pre-Universal Credit days.

I never expected to be in this position where they can't move any more cause of all the new rules/regs forcing Landlords to not take my lot any more. I wanted to sell my houses/slow down through natural wastage, people leaving of their own accord.

Landlords have lost out through these new regs/rules, but the real end loser is the tenant. The current tenant gets a few months longer if he's not paying etc., he's better off short term, but next time, that hard done to Landlord thinks Not having that again, I'm being super selective on my next tenant, references, credit checks, earnings, cleanliness etc. HB UC DWP non super squeaky clean tenants are the long term losers through all this.

Old Mrs Landlord

19:13 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Dennis Leverett at 17/08/2020 - 16:36
Why is your anger not similarly directed at food retailers and producers or in fact any other providers of the essentials of life? When you go on holiday do you expect your accommodation to be free? My husband and I provide one-bedroom accommodation from under £15 a day and two-bedroom houses with gardens and at least two parking places from £20.50 a day. Leaving aside the initial sums the landlord has invested, the on costs of maintenance, insurance, compliance with all the legal requirements etc. do not leave a great deal of reward for all the time and effort (both mental and physical) spent on managing these properties. I would also like to point out that most landlords have interest-only mortgages so the tenant is paying the interest on the mortgage, rather than buying the property for the landlord as you have stated. Landlords have to pay off the mortgages from their savings and/or any capital appreciation on sale of the property. It is manifestly ridiculous to assert that a tenant gets nothing for his rent. For a very reasonable monthly payment the tenant gets a place to live, with someone else carrying all the risks and costs. Tenants can vote with their feet - if they are getting nothing for their rent why don't they save the money and live on the streets? Strange as it may seem by your logic, they prefer to pay rent.

Dennis Leverett

20:21 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Old Mrs Landlord at 17/08/2020 - 19:13
Hi Old Mrs Landlord, I don't understand your reply, perhaps you've replied to the wrong comment. I don't feel anger, frustration yes at the way us Landlords are being treated and the way this topsy turvey world is. I'm very lucky, never had a bad tenant even in the days long gone when I used to let to students but I know a couple of decent people that have been crucified because of lowlife tenants taking advantage of a ridiculous system. Just don't get your reply.

Monty Bodkin

20:50 PM, 17th August 2020, About 4 years ago

Reply to the comment left by Dennis Leverett at 17/08/2020 - 20:21
Obviously it was a mistake and a reply to someone else.

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