To think rent is so bloody unfair

[Tar19891]

My rent is 800 per month. A mortgage on the same value flat would be 450 per month. Not in London obviously. It’s not fair is it?

@BambinaJAS, you are assuming. Are you claiming you know better about my situation with my tenant?
She gave birth to child exactly after 6 months of moving, so she didn't fall pregnant after moving. And we have not complained to her about her pet, using our storage, etc. But many would have and not wrongly so. I understandany landlords are greedy and situation in UK is quite bad but request you to not create your own stories when a poster is describing their own experience. Trust me it doesn't require a rocket scientist to tell life happens and a tenant can fall pregant after moving. But this is not what happened

Forgot to mention we are dog lovers and would not mind a little wear and tear but on principle, it sounds a bit wrong to not be upfront about who is moving in with you.

Trust me it doesn't require a rocket scientist to tell life happens and a tenant can fall pregant after moving. But this is not what happened
But she still doesn’t have to tell you, even if she were three months pregnant on signing the lease! God, this is part of what’s awful about renting – why shouldn’t a pregnant woman have some privacy about it from her landlord?

[quote OUchica]@BambinaJAS, how do you know we don't respect her privacy? Stop assuming. She moved in our flat not telling us she has a pet. Many lanflords don't want to rent to pet owners and there are reasons for it. Tenant should be open about who is planning to live their. We found this as we have a storage in building which we only gave access to agency in case of urgency but we found within 2 months of her moving, boxes of pet foods and other items stored by her. We have a right to know who lives in our property. When you say you are a single, petless occupant but then arrive with a pet and a boyfriend, it's a bit different from renter maintaining their privacy. I am sure you will come with some made up reason for her doing so as she is a renter and we are mean landlord. Problem with people like you are you are so biased and extreme in your opinions ( in this case against landlords) that you can't take balance view on a topic from both perspectives. Not all landlords are profit makers, and not all renters are victims. We bought this flat only a few years ago and until then lived as renters, and only left as had to move for job transfer. Not all property owners have had capital gains, we bought this a year before Corona and UK leaving EU and price have come down. And to be honest, looking at political system in UK and recent policies, we have very little hope for the country, I really hope I am wrong. And I am not against social housing and in favour of capitalism. I gave my example only becaue a postet said there are no accidental landlords. There is ignorance on both sides.[/quote]
We make plenty of money in my household (north of £150k/year combined)

My comments about landlords in the UK stands. It happens less in higher end rental properties, but it still happens. Only way to get a landlord to treat you with respect is to let them know that if he tries anything dodgy or untoward, you can have an army of lawyers making their life very difficult.

Have seen the worst kind of behavior in the UK. And from personal observations, this poor behavior gets even worse as you move down the ladder to cheaper rental properties.

Never experienced this anywhere else and we have been to many countries (Canada, Norway, Spain, US, and Brazil).

Saying "but we are not those type of landlords" does not change the equation here. A material minority of landlords in the UK are horrible. And at certain point you NEED SERIOUS regulation to stop this kind of behavior.

Until enough of those "good" landlords push for change in the UK, I don't see anything changing as the politicians also have a vested interest in maintining the status quo.

[quote OUchica]@BambinaJAS, you are assuming. Are you claiming you know better about my situation with my tenant?
She gave birth to child exactly after 6 months of moving, so she didn't fall pregnant after moving. And we have not complained to her about her pet, using our storage, etc. But many would have and not wrongly so. I understandany landlords are greedy and situation in UK is quite bad but request you to not create your own stories when a poster is describing their own experience. Trust me it doesn't require a rocket scientist to tell life happens and a tenant can fall pregant after moving. But this is not what happened[/quote]
None of that is your business.

Absolutely none of it. She does need to inform you.

Does not need*

More social housing. Jesus, this thread just goes round and round n circles. If only people would read it before posting.

I read the thread before posting, but I can’t see a logical answer. The answer is not more social housing. More social housing is needed for those who need it, but local councils are pretty shit landlords and there is certainly a place for private landlords.

There also needs to be the opportunity for people to decrease the risk of having a property - for example going in to negative equity shouldn’t force a house sale at a loss, owners should be able to rent out their property until the housing market stabilises again

Landlord here. Renting out my former home- very fond of it. Maintained as if I were still living there.

Renting to overseas highly qualified professionals. They are in the country for around 2 years and would not wish to buy.

Hoping for rent to be paid on time and in full. To treat the property with respect as if it were their own.

In return they will not hear from me unless they want to, through our highly reputable agent to keep things professional and detached, for the benefit of both parties. Tenants left to enjoy their lives in quiet enjoyment.

This is how renting should work as a mutually beneficial business transaction.

We are not all bad and it's dismaying for a lot of us to be portrayed as uncaring monsters.

I do not have a final salary pension as my parents did so this is part of my pension. Hoping for capital appreciation but I also take the risk of a housing crash, non-paying tenants (expect it to take up to 2 years to remove them), and damage to the property.

I provide a valued service and a stable home for their children.

If I didn't have my money invested in the house I guess it would be in the stock market. I wouldn't get kicked for that. Even if said capital were invested in an insurance company that owns one of those huge build to rent apartment blocks in Manchester.

That's the future btw, rumour is that government wants to drive out all individuals from being landlords. Instead they are being bought up by banks instead. I have a feeling these large conglomerations won't care any more than you think we do. See how hard it is to get housing association properties maintained :(

There also needs to be the opportunity for people to decrease the risk of having a property - for example going in to negative equity shouldn’t force a house sale at a loss, owners should be able to rent out their property until the housing market stabilises again

Would that apply to increase in value or just decrease?

So many millionaires posting on here who don’t own their own homes and have to rent and hate their landlords…

I own a home in London despite not being a millionaire. But it's actually very common for very high earners to rent, particularly if you are "global".

@rugbunch

So many millionaires posting on here who don’t own their own homes and have to rent and hate their landlords…

I own a home in London despite not being a millionaire. But it's actually very common for very high earners to rent, particularly if you are "global".

Bingo

@Blossomtoes

Would you go to work for free?

Ludicrous. You’re not going to work. You’re living on a passive income.

It's not passive. There's a constant stream of repairs, maintenance and checks to organize, plus admin. It always happens at the most inconvenient moments too - like when I am on holiday.

There's a constant stream of repairs, maintenance and checks to organize, plus admin. It always happens at the most inconvenient moments too - like when I am on holiday.
Anyone else starting to pat their pockets for a tiny violin when they read this thread?

I think it's unfair that if you lose your job and rent, benefits pay said rent for you...if you lose your job and have a mortgage you get nowt...how fair is that...if you work you pay the same tax regardless if you rent or buy, but you can't claim help....shit unfair scheme isn't it!

@stuntbubbles

There's a constant stream of repairs, maintenance and checks to organize, plus admin. It always happens at the most inconvenient moments too - like when I am on holiday. Anyone else starting to pat their pockets for a tiny violin when they read this thread?

Took the words out of my mouth. Heartbreaking, isn’t it?

I think it's unfair that if you lose your job and rent, benefits pay said rent for you...if you lose your job and have a mortgage you get nowt...how fair is that...if you work you pay the same tax regardless if you rent or buy, but you can't claim help....shit unfair scheme isn't it!

Is it? Id rather be the owner of a house who lost my job rather than relying on benefits to pay my rent. I would have more options as an owner.

@rugbunch

There also needs to be the opportunity for people to decrease the risk of having a property - for example going in to negative equity shouldn’t force a house sale at a loss, owners should be able to rent out their property until the housing market stabilises again

Would that apply to increase in value or just decrease?

Obviously it wouldn’t apply to home value increases

@stuntbubbles, I wish you had read my original post before responding. I dont need any private information but the tenant had not doaclosed she was moving in with the pet, we got to know from our elderly neighbour whom I used to help with shopping during pandemic and who now treat me like a close friend that our tenant has a partner living with her and we discovered accidently when we visited our basement storage that she had stored a few items - dog related and also a small furniture despite us saying she won't have access to the store as we had stored our perso al belongings as we plan to move back to this place in a few years and have not brought everything with us to our new rented home in another country. We on the other hand live in Europe and have strict rules about pet, or number of people living in. @BambinaJAS, you lost my respect when you called another poster a low lawyer because your dh is a corporate lawyer and you apparently have superior knowledge of investment products, and earn a salary in 97th percentile. As somehow this conversation has become about ethics and morals, and all landlords lacking them, you must know that corporate lawyers act in interest of companies, many of who may have their moral values compromised. Also, our tenant has moved in pregnant less than 8 months ago, has asked us to change blinds in a specific colour, so I don't tnink, nor she has not communicated to us her plans to move to another place, but I am going to assume you know better.

Great idea, what could go wrong! 🤦🏻‍♀️

that was in response to protecting owners from negative equity.

@Chestofdraws

Further info isn’t needed. We are all adults who understand finances

You’ve got your sums wrong, your costs would not be 450 a month. It would be 450 plus insurance and all repairs and Maintenance

There is nothing unfair.

Bit rich you saying that - by your own calculations you’re getting £4200pa above the actual mortgage payment - as if you spend all that on maintenance and insurance.

[quote OUchica]**@stuntbubbles, I wish you had read my original post before responding. I dont need any private information but the tenant had not doaclosed she was moving in with the pet, we got to know from our elderly neighbour whom I used to help with shopping during pandemic and who now treat me like a close friend that our tenant has a partner living with her and we discovered accidently when we visited our basement storage that she had stored a few items - dog related and also a small furniture despite us saying she won't have access to the store as we had stored our perso al belongings as we plan to move back to this place in a few years and have not brought everything with us to our new rented home in another country. We on the other hand live in Europe and have strict rules about pet, or number of people living in. @BambinaJAS, you lost my respect when you called another poster a low lawyer because your dh is a corporate lawyer and you apparently have superior knowledge of investment products, and earn a salary in 97th percentile. As somehow this conversation has become about ethics and morals, and all landlords lacking them, you must know that corporate lawyers act in interest of companies, many of who may have their moral values compromised. Also, our tenant has moved in pregnant less than 8 months ago, has asked us to change blinds in a specific colour, so I don't tnink, nor she has not communicated to us her plans to move to another place, but I am going to assume you know better.[/quote]
She asked you to "change blinds to a a different color"

You could have simply said "no" or let her do it herself with your permission

I find this kind of obsession into such minutae totally bizarre.

Do you get the rent paid on time?

If yes, are they reasonably ok to interact with?

If yes, what the heck is the problem here?

I find British attitudes absolutely insane when it comes to "their" properties.

Previous poster commented about professionals coming from abroad who rent his house, and he keeps a professional distance.

Thats 100% how it should be.

How hard is this?

More social housing. Jesus, this thread just goes round and round n circles. If only people would read it before posting
Don't be silly! Lose all the tax the government gets from Landlords. Have to cope even more with all the crap that comes with shitty tenants. Nah, any government solution is to pass it all on to private landlords. They are getting a good deal from us!

No, I own shares. I don’t compare it to going to work, though
No of course not. You don't get calls at 10pm on Sundays to be told there's no water in the property. You don't need to arrange visits for trade people, deal with renting agencies who only care to do as little as possible. You're right, your investment is much less work and hassles. It only benefit you only.

Me like many other landlords offer a roof over people's heads who would otherwise be homeless, all this with more work and much less return. And yet the lines of you see themselves as all mighty and critical of those who do have some social conscience. How ironic!

@OUchica I did read your original post; very odd to assume I hadn’t. I’ve been on this thread from the beginning. In your original post you talked about Little Greene paint – if that was your tenant’s request you didn’t have to acquiesce to it – and her pet. I agree she shouldn’t bring a pet without permission as that’s clearly the agreement, but I maintain her pregnancy is none of your business and it’s incredibly weird you keep bringing it up. Your European renting experience is also not relevant: you having to pay €200 for a dishwasher repair shouldn’t have any bearing on your tenant’s rights and responsibilities.

Me like many other landlords offer a roof over people's heads who would otherwise be homeless, all this with more work and much less return

Ummm no they wouldn’t, they’d just rent somewhere else! (From, a landlord)