Anyone here feel like they are the bad guys being a landlord

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    Anyone here feel like they are the bad guys being a landlord

    I don't know about you guys, but personally I feel like being a landlord we are just here to get bashed and along with bookies no one seems to think we are actual people that actually run a business and majority of the time we care about our tenants and properties.

    I personally don't disclose I'm a landlord to people anymore!

    #2
    Everybody hates landlords. Even the government

    I don't tend to disclose it either.
    There is a fine line between irony and stupidity. If I say something absurd please assume that I am being facetious.

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      #3
      I don't disclose it either. I run another small business too in a rather niche category.

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        #4
        I tell people I'm retired.

        On the other hand, I used to work in IT and kept quiet about that because people kept asking me to fix things.
        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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          #5
          The problem we have is that we have had decades of unfavourable news about us, and to be fair, most of it is accurate.

          We have had tenancy agencies up until last year trying to squeeze every penny they can out of the tenant for any reason possible. So much so that the Tenant Fees act was created and put into law. Those same tenancy agencies would send a section 21 notice along with the tenancy renewal as basically a threat of accept this rent increase and additional processing fee or we kick you out.

          We have has property gurus spouting nonsense about how people can earn a passive income from being a landlord. They keep going on about how rich you are going to be if you just buy property. Why would the general public expect differently?

          Property has now become so expensive that at least half the country are priced out of owning their own home. No matter how much they save they will never own property. While I'm on that subject, no, it is not because they are living extravagant lifestyles. Most tenants have very little spare after the essential bills each month. So people have no choice but to rent, something which the older generation have said is "lost money".

          We then have the many reports of landlords doing nothing when it comes to the upkeep of the property, leaving damage and repairs alone. Happy just to sit and accept the rent that comes in.

          Now there are terrible tenants out there, but we are the ones providing the service. As such we should be ensuring that what we provide is the best that we can offer.

          Personally though, I don't have an issue with people knowing i'm a landlord because they know I operate a little differently. I'm known around here for having rents considerably under the market rate and looking after my tenants with whatever they need. It's all I can do to hopefully turn around the public opinion of us.

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            #6
            Landlords, like some other jobs (eg traffic wardens) are disliked / hated. If you can't handle that don't become one.

            Some might suggest the growing of a pair.

            IMHO any landlord must also be prepared to be (but try to avoid) being a b+st+rd occasionally:. If you're not you'll be taken advantage off.
            I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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              #7
              Originally posted by theartfullodger View Post
              Landlords, like some other jobs (eg traffic wardens) are disliked / hated. If you can't handle that don't become one.
              Easy said but it hasn't always been this way otherwise I wouldn't have become a LL in the first place. I would always tell people to avoid it now. When people ask me how I make my money I'm usually that evasive with my answer that they go away thinking I'm a drug dealer or people trafficker!

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                #8
                ExpertInAField,

                Most of your negative points have nothing to do with landlords. And when people say they can't afford to buy a house they usually mean they can't afford to buy the house they want, well neither can I!

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                  #9
                  From what I see on various press forums it's that some people feel they have a sense of entitlement to things which they cannot afford. Some people seem to hate to pay rent to people because they see it as dead money but equally they are happy to pay finance payments on a car or a new TV or a holiday. When I was a tenant and I have been in the past for many many years I decided I wanted to buy my own house so I grafted and did without for years, no holidays driving a car worth a couple of hundred pounds until I could afford to buy a house.

                  Personally I provide well mantained property at a very reasonable rent so if a tenant thinks they can do better elsewhere I'd be more than happy to let them walk away with 8 weeks notice even if they are in the initial term of the contract, the last thing I want are moaners.

                  All the best Stew.

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                    #10
                    8 weeks notice? Law usually only requires at least 1 month and none at end fixed term

                    Cheers
                    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

                    Comment


                      #11
                      Originally posted by theartfullodger View Post
                      8 weeks notice? Law usually only requires at least 1 month and none at end fixed term

                      Cheers
                      I'm not an expert but in my AST the tenant cannot leave before the end of the first 6 months then it rolls to a periodic, what I was suggesting was if someone moved in and after 4 weeks was not happy due to whatever may arise, road noise, parking etc etc then I'd be happy if they just gave me adequate noitice to leave - I'd prefer 8 weeks. After six months in my AST it's a months notice.

                      I really only want to have tenants that are happy to stay in the house, I'm less keen on asking anyone to stay just becase there is an AST in existence.

                      Comment


                        #12
                        Tenant can leave anytime they like. Zero notice required: but usually remain liable for rent for some time.

                        Good to hear your views, very pragmatic, good luck!
                        I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

                        Comment


                          #13
                          I do not think that landlords have ever had a good press.

                          For a start there is the perception that they get their money without doing anything much. By way of example, when I was thinking of letting my house when I moved abroad a month's rent was about the same as I earned a week by working.

                          Historically, a rent market totally free from any sort of control led to slums. Landlords would literally turn up and throw tenants on the street.

                          Owning land (or at least being more than just an owner-occupier) still has a social caché. Many landlords behave like caricatures of landlords as they feel it goes with their enhanced social status. They see BTL as an investment and not a business involving the provision of homes.

                          With the advent of BTL we have seen a surge in control-freakery. No smoking; no pets; no pictures on the wall; no visitors; no decorating; and the latest - no putting up a temporary fence if the old one gets blown down by the wind. Many landlords also have unreasonable expectations about how a property should be left when the tenancy ends.

                          The present government does not hate landlords. It has taken the Tories 30 years, but they have come to realise that the Thatcherite project on housing has failed. Thatcher displayed all the worst aspects of the lower middle classes - a visceral disdain of the working classes and a belief that half of them were getting something for nothing and that decent folk like them were paying for it. Council tenants, when they were not storing coal in the bath, were perceived to be raking in huge subsidies. In fact, the subsidies paid to home-owners in tax relief on their mortgages was 8 times greater than any subsidies received by council tenants.

                          The Housing Act 1988 and the sale of council houses were presented as a sort of privatisation of housing. Of course it was not, because it allowed landlords to stop providing houses when they wanted their cash back with the onus thrown on councils to provide accommodation which they increasingly did not have. "There is no such thing as society" has proved to be bad economic policy if you are looking to reduce subsidies. Instead of subsidising council housing the taxpayer is now subsidising landlords who charge inflated rents. If, as many are, you are paying rent equal to two-thirds of your income you are not going to class your landlord as a benefactor. You are going to think even less of him if you go onto a forum and find that your landlord, who expects an annual increase in rent, is ranting about the latest government plan and asserting he will have to raise the rent by 2%.

                          There are also far too many people going into BTL who expect not only a guaranteed return but an ever-increasing return. Many recent threads have shown that many ladlords think they should be exempt from the economic effects of the pandemic. I fear that that combined with Brexit is going to see a lot of investors disappointed. Do not be surprised if rent controls are brought in.
                          Last edited by Lawcruncher; 28-05-2020, 21:44 PM.

                          Comment


                            #14
                            Lawcruncher, You have put all my feelings down in a way that I never could have. Thank you.

                            Comment


                              #15
                              Originally posted by Lawcruncher View Post
                              Owning land (or at least being more than just an owner-occupier) still has a social caché. Many landlords behave like caricatures of landlords as they feel it goes with their enhanced social status. They see BTL as an investment and not a business involving the provision of homes
                              I agree with most of that post, but not 100% with the last sentence of this paragraph.

                              A agree that most landlords don't think of themselves as being in the business of providing homes, but I don't think many of them think of it as an investment either.
                              I think most landlords think of it as an extra monthly income and don't consider the costs and risks at all.
                              They found themselves with a spare property and decided to cash in.

                              They're encouraged in this by letting agents who basically tell them that if they provide a property, they'll do the rest,
                              TV shows where people buy somewhere, do it up and then rent it out and idiots selling seminars to help people get rich using other people's money and off plan bargains.

                              It's seen as free money and no one plans for buying boilers, tenants who lose their jobs, or just the kind of things that happen when you deal with the public.

                              70% of landlords have 1 property and they provide half the rental properties in England and Wales.
                              Many have no idea what they're doing, have no idea how to run a business, don't think of their tenants as customers (and wouldn't know how to handle a customer relationship even if they did).
                              Lots treat tenants as though they were lodgers.

                              There are loads of great landlords and then there are some who are simply crooks, and, in between is the majority of landlords and there's no consistency of quality or level of service.
                              When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                              Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                              Comment

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