Why so much hate for Landlords on MN?

Exactly. I wouldn't want anything to do with ANYone who thinks it's OK to profit from vulnerable and needy people who are in need of a home, taking extortionate rents off them and offering very little in return.

THIS! Anyone who has a portfolio of properties (as I said earlier) needs them all taking off them, and the council can give them what they paid for them, apart from the one they live in, and all the properties can be put in the local council's housing stock. It really is despicable, harvesting dozens of properties for a PORTFOLIO, so they can make money off often vulnerable people who need a home. Giving these people NO security of tenure, charging extortionate rents, doing as little as possible by way of repairs, ans as has been said, feeling like they can pop by when they want, doing nosey and intrusive 'inspections' and often treating the tenant like shit.

I'm not even close to envious 🤣

I just couldn't be in a relationship with that type of person who makes their money in that way.

Everyone pays taxes. I pay taxes. Tenants pay taxes. LLs aren't special or victimised because they pay taxes. Especially since it's taxes on money someone else is earning for them.

I don't make a loss I make a decent profit. It's a business and if it started making a loss id sell and invest money elsewhere. I offer a good house and it is very well maintained. If a washing machine breaks the tenant has a new one within 48 hours often the next day. I have a maintenance man in both areas I have properties who is self employed but I give them all my work in area and in return they prioritises my tenants and doesn't make them wait. All maintenance expenses are written off against tax so there are no excuses for a LL not maintaining their asset to a good level.

So do you.

So you wouldn't be in a relationship with anybody who rented òut their home? Envy springs to mind here as well as being shallow. He's being leeched alright. Paying thousands in tax for this government to fritter away on funnily enough, leeches.

Why should they not earn profit they’re not running a charity?

im reading this thread shaking my head. Why don’t I like landlords? For the most part they’re entitled and whiny shits. They embrace neoliberalism (I’m just making money for myself) until it doesn’t benefit them personally (they want me to spend my profit on repairs?). They expect people to pay their mortgages (their pensions/assets) but don’t invest as much in the properties they rent out as they should then complain when their tenants have issues. Why should a tenant pay for your pension while you sit on your fat arse raking it in?

I believe everyone should have access to a home. It ought to be a human right. I believe if private landlords want to do this they have to provide the home as a habitable and safe place and be held to high standards. This currently doesn’t happen and the number of slumlords i read about daily are why people don’t like landlords. Linda and Dave renting out their old flat instead of selling because they’d lose money on it, is one thing, Tabitha and Mo with their portfolio of substandard properties are problematic and totally different. Someone thinking they’re making a quick buck with what ought to be a human right (housing) is problematic and complaining when you’re in a position of authority and hold someones life in their hands (the difference between houses and homeless) is an arse. Not recognising the responsibility you have as a landlord towards your tenants and only considering yourself doing some kind of public good while having your extra mortgages paid off is ego fuelling bullshit.

As for the insistence they only charge market rent, who do you think decides what the market rent is? It’s certainly not the tenants. Ten years ago a two bed flat in my city rented out for £420 and now you’ll struggle to get a single room in a decent hmo flat for that. A two bed flat now rents over £1400 + in a shitty area and probably covered in damp. People can’t afford
these prices. Housing shouldn’t be something you can only access if you can afford it, it should be available to all

Basically, anyone who buys properties (eg; houses/flats/bungalows,) and collects them so they have a 'portfolio' of properties, is someone who deserves derision and scorn. I have no sympathy whatsoever when a landlord with multiple properties gets screwed over by a tenant, and loses 1000s of pounds in rent, and has to fork out 1000s of pounds in repairs.

A few people are accidental landlords, but they really are very few (about 1 in 10) compared to the amount of landlords who are collect multiple properties to make a fast buck.

Most just buy any old dump, do the most basic of safety checks to make it 'legal' and then charge astronomical rents. (Some don't even do the basic safety checks, and many places are riddled with mould and damp.)

Hardly surprising that landlords are deeply disliked. As a pp said, it's not just on Mumsnet either, it's a universal thing.

IMO, everyone who owns more than one property, should have ALL of their properties taken off them by the council, (except the one they live in) and they should receive what they paid for them. (Even if the house is worth £170K now and they bought it 30 years ago for £35K, they should only get that £35K, because the money they would have made on it in rent in that time could be close to a quarter of a million pounds.) And yes I know there would have been repairs and maintenance to said property, but they would have been VERY minimal, and the chances are that they have not spent more than a few thousand pounds on it since they bought it 30 years ago.

As I said, I don't feel sorry for these people who buy up multiple properties to make a profit from people who need a place to live (some who are quite vulnerable,) if the tenant leaves with a load of rent arrears. Cry me a river.

And no-one thinks they should be entitled to 'free, luxury homes' as one poster laughably suggested. People just want a secure tenancy, and reasonable rent. Private landlords do not offer this, because they just want the rent and that's it.

If you're VERY lucky you may get the odd repair done, but only if it's a health and safety issue. Most repairs and maintenance won't be done.

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Yes to all of this.

Yep. Leech. I certainly couldn't be in a relationship with one.

Well the poster I was responding to was not a company, they are an individual with one property (like me). And I think their description of a 'loss' is a bit disingenuous when really it's just chipping in to the cost of an asset you own. Just like if I put money in an ISA I'm not making a loss because that money wasn't available for other stuff?

My mortgages are all interest only except one. Almost every LL I know has all interest only mortgages and I belong to a LL association so know a lot. Strange why so many people do t understand this is the default LL model of business.

And also this.

How come?

I'm a landlord and that's very much how I see the world. I don't make a yield really, I'm just happy at the end of the mortgage term I'll have a house I own outright that someone else has basically paid for for me (other than deposit of course).

Well you don't really make a loss though do you. And I say this as a landlord.

Assuming you have a mortgage, I assume the 'loss' is that it doesn't cover its costs so you have to chip in a bit towards the mortgage. That isn't a loss, it's just you having to cover a bit of the cost of the asset you own. You don't 'lose' that money, the house belongs to you.