Why so much hate for Landlords on MN?

They're the redundant middle class that have nothing to offer but the property they can afford before someone else managed to buy itz let it out at massively inflated rates for profit. Usually allowing them to seize the salary of people who are actually useful to the world. Could it be that?

Wasn't the landlord in the case that triggered Awaab's law a social landlord?

Either way if landlords are buying all the properties then supply will increase in that areas and rents will reduce or at least not increase by as much as they would have done otherwise.

First answer. That's was simple enough.

I volunteer for a charity and most of the other trustees all own several rental properties each and they all think they are so wonderful and virtuous because they help with this charity, while also making as much profit as they can from poorer people in order to fund their lives of leisure. I am pretty much done with their hypocrisy

It’s best not to use words if you don’t know their meaning.

Please do explain how I was being a parasite by renting out my home while working away rather than leaving it empty.

Are the products Tesco & Sainsbury's etc sell necessities - they make profits, quite big ones, its the nature of business and the best business models for weathering economic shifts are those that deal in necessities rather than luxuries.

Is it immoral for estate agents to make a profit from selling a house or undertakers for carting you off when you turn your toes up. We live in a world driven by profit and loss, its the way of life.

When I speak to people who are landlords in real life I don't tend to say what I think. Doesn't mean I'm not thinking it though

I am a homeowner. I just find it disgusting how many landlords are really unprofessional and think their rent should be clean profit and begrudge any expenditure on the property

FTSE tracker/investment is not very similar to starting a business or taking a financial risk by investing in growing companies.

Also it could be argued that being a landlord is a small business.

Yep, exactly.

You can get 5% now by lending money ironically to the government. No hassle, low risk!

If landlords exit the market and sell their houses then supply will decrease further. What do people think that will do to rents?

A landlord renting a home to someone is stopping them being homeless.

You really are all over the place on this, are you able to work out and write down why it’s OK to make money each month selling a family food but not by renting them a house?

And other one to add, no security.

Owning the property needs to make at least 4% a year profit or it would be better to sell and put into investments. Surely some people want to live in rented homes though- can everyone afford to buy??

The 2 houses I did own were via inheritance- never bought a buy to let.

Even if the mortgage is interest-only, there are costs that landlords pay that tenants don’t - repairs and decoration and safety certificates. So it is not just the cost of the mortgage that is covered by rent.

Also I do not understand why landlords should not make a profit. If people want not for profit housing then they should organise to lobby for it, and make sure it gets onto the political agenda in the form that they want.

Or even organise community housing - it’s often very successful, but you have to put in some serious time and effort.

I have been forced into being a much worse landlord by this government.
Property 1 - needed rewiring, normally would have asked tenants to temporarily vacate, done it all up and they move back in. New rules incoming meant I sold it while I could still serve s21.

Property 2- when I managed it, any problems dealt with immediately by trusted tradesmen. Incoming rules meant I was scared of not being compliant, so I put it on fully managed at a cost of £200 per month. Now any problems they get the agent to deal with and from what I can tell this is much more hassle. Also I never normally raise rents on existing tenants but will be taking the advice of the agent to do so this year, as it’s costing me so much more now.

I don't think you understand how raising capital works. What's to stop you going out now and getting 100 mortgages and becoming a social landlord yourself? Similar constraints exist for social landlords.

Because frequently they are benefiting from housing benefit - and those that have no alternative to claim housing benefit are blamed when actually it’s the ll’s gaining capital out of it. They’re the true benefits claimants

That seems to be Labour's master plan. Higher taxes, increased regulation and other policies are pushing decent smaller private landlords and homeowners out of the market.

A housing market dominated by large corporate landlords rather than individual owners - what could possibly go wrong?

And all of to fund welfare spending.

Someone lent money to the majority of those private landlords didn’t they?

See this is where I know you're not a serious person @coulditbeme2323 ....

Talk to me about all the alternatives a renter has if they don't like the rates private landlords are asking for.

But forget all that for a minute -

What I don't like about (many, not all) landlords who post on here, is how they use terms like "nest egg" and "there's nothing safer than bricks and mortar".

These folk always shout at me if I talk to them about a FTSE tracker or any kind of investment product because "they rip you off".

Instead, they'd rather rip others off a bit, but come across really clever at investing because they received a bit of a lucky draw a few decades ago and they now want to make others pay for it.

in short -

I wish people would use the energy and money they had in creating "property nest eggs", and actually start a business like I did. Or pay people a wage. Or take a financial risk by investing in growing companies.

But no, this is Britain - the "clever and normal" thing to do is become a landlord and then crow about how much "my house is making".

P.S Before anyone accuses me of sour grapes, I'm a homeowner in South West London/Surrey corridor, you do the maths etc.

For me, it’s not so much that it’s a commodity because housing costs, everything costs. It’s the greed. Extraction of as much money as possible out of people, buying up all the cheap housing and charging inflated prices to rent it. Often with cheap fixtures and fittings. Leaving people with no choice but to pay inflated rents for shitty service.

Being very selective about who they allow to live there, leaving low income people or people with pets screwed (although this may will get a little better with the Renters’ Rights Act). There’s a reason they had to bring that in because too many landlords take the piss. No option to decorate or make a home your own.

We need more social housing options available. I do believe that will solve a lot of issues