LL wanting to put rent up - Twat!

[SantanaBinLorry]

This is the 5th house ive lived in with a shit back door.
They are aaaaaall unusual sizes, of course! I swear LL's must think we're fucking stupid, maybe we are!

Its the faux surprise... YOU FUCKING KNOW THE DOOR IS SHIT....why are you just now, 30 odd years after owning the house realizing it might need fucking replacing.

Don't get me started on the 80% of the double glazing that has blown - most with broken latches, the hall way full of black mold, the stair carpet that was fitted by monkies, the frayed carpet at EVERY door way, no extractor in the bathroom - more black mold. The stain on the kitchen ceiling from a leak (not our fault) 2 years ago
Outside tap broken, inside tap dripping 2 ltrs a day, over flowing guttering and the back fence has just blown down. Also the fact we offered more rent each month at the beginning of our tenancy as we were desperate to secure the property, and we are STILL waiting for our new TA since the renting regulations changed in Wales last year.

Txt this morning to say he was putting rent up by £50 from next month.

I know I'm not unreasonable, hes a twat and I just needed to rant.
I've rented all my life, will never own, late 40's and two teens and I'm just sick of being treated like shite by moneygrabbing bastards!

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That's a bit of an oversimplification. If the PP is breaking even, then it'll take years before she makes a profit on the property, even if it goes up in value given the cost of estate agents fees etc.

The PP makes a very valid point, and oversimplification of the property market/ money a landlord makes (as you have tried to do) does nothing to help people like OP who are struggling.

This is not a black and white situation where all LL are evil money grabbing bastards and all renters are angels.

OP,

I would not challenge it (as some PPs have suggested). If you don't like it, OP (and you don't have to) you should just find somewhere new - as harsh as that sounds. One of my friends challenged a rent increase recently and it got all the way to Tribunal where it was ruled that instead of the £100 the LL wanted...he was entitled to £250. So now she's looking for somewhere new in a market that is falling apart. You'll find a good LL eventually - they're not all twats.

You must feel there's still something in it for you though or you'd sell up. Presumably the mortgage payments aren't just interest only so you are getting some of the capital paid off and therefore are still making money in the long run.

If you choose to keep owning despite not making money then that's on you not your tenants

To summarise the debate:

All landlords are money-grabbing bastards, but some are more incompetent than others.

''@Hereyoume

Why is your LL a Twat?''

Let me think...

Because he is not fulfilling his obligation to take care of repairs and maintain the property so it is habitable?

Mould, dodgy windows, doors that are not secure, water ingress...isn't that for you?

And on top of that he wants more money for a property in that state.

To me that is a good definition of a greedy twat.

But there’s no reason why private landlords should act as a charitable service.

Some LLs are good, some tenants are good.

`The opposite also applies.

It's not an oversimplification.

The tenant is paying for the landlord's house. That's how a tenant/landlord relationship works.

Even if you factor in the £50 a month "loss" that the landlord is "suffering", that means the landlord is paying £600 a year but at the end of the BTL mortgage term, gets a free house.

Over the long term, property always rises in value. So the free house will be worth much more by the time the landlord gets the free house that the tenant has paid for.

I love how every LL on MN rents out "below market rate" and carries out all repairs even before they're needed 😂

Landlady here. These "money grabbing twats" are not immune to all the price rises. 🙄

Pedants Corner is over there >>>

They are giving you the monthly payments which you pass on to the mortgage company in order to buy the house.

Depending on the part of Wales, rental properties may be few and far between.

Definitely see if Shelter will deal with him re the mould-not sure though if they will help private tenants, but I might well be wrong. The carpets are supposed to be replaced every 7 years according to some guidance I read a while back, just did mine plus the kitchen and bathroom, they’re going to get grotty, especially if there are kids/pets.

We need landlords. YOU need landlords.

what we NEED is social housing! Individuals should not be allowed to hoard houses.

I’m not a LL but isn’t this just capitalism?. I don’t understand the vitriol directed at LL but not at other occupations in our capitalist society.

I’m not a LL but isn’t this just capitalism?. I don’t understand the vitriol directed at LL but not at other occupations in our capitalist society.

This thread is specifically about LLs and private renting.

@ReadingSoManyThreads you keep accusing the OP of branding all LLs as money grabbing and twats and she’s not done that. She’s just talking about the ones she’s encountered which she has every right to do. I really don’t know why you’re going off.

I am also a LL and I too charge below market rent. I charge the same as the council and i dont increase the rent for 3 years. then i t will go up by 5 pounds only. repairs are carried out in 24-48 hours but urgent repairs are done within a few hours. i have a waiting list but my tenants are usually long term and stay for years. the longest had a one bedroom flat with her hubby and is now in a two bedroom flat as a single parent. all flats have had new bathrooms and most have had new kitchens. just away to replace a bathroom which i replaced a couple of years after i bought the flat. i wont let anyone stay in my flats if i dont think I could stay in them/

you keep accusing the OP of branding all LLs as money grabbing and twats and she’s not done that. She’s just talking about the ones she’s encountered which she has every right to do. I really don’t know why you’re going off.

Shes going off because she’s triggered by the truth in what OP said.

Yes, landlordism is indeed a pure form of capitalism, making money just because you already have money, but extreme because it draws profit (and in our housing system, excess profit) from a basic need and generally doesn't use labour to add value.

Okay, good, but what's the purpose of this post? You're replying to someone who states that in "my professional experience of residential landlords is that most don't do even the minimum they ought to be doing". If you maintain the property well and keep prices low, this doesn't mean anything in respect of whether others are doing likewise (or even just the minimum required of them).

Landlords are the worst. My current landlord has humanity, every other has been a lazy, greedy piece of shit like yours.

Renters are expected to pay a fortune for substandard, dangerous ‘homes’ (dives)

Actually, the fact successive governments have destroyed or failed to restore the social housing market, coupled with their failure to create a proper professional regulated private rented market ( leaving it to lots of individual landlords with a tiny number of properties) has forced people like OP into situations like this

All companies need money to establish themselves and all food and clothes sellers are profiting from a basic need.

People need to start putting the blame where it belongs. With successive governments who have created the utterly shit state our housing market is in across social, private rented and owner occupier markets. It’s an utter shameful shambles, and completely unnecessary.

I'm not a fan of capitalism generally, I think it's a fairly horrible way to model a society and has a lot of unpleasant impacts.
But the elements like landlord that exploit a basic need for gain without effort are the worst of it.

We desperately need more social housing

1. Phone environmental health and report the problem.
2. They will in worst case scenario fine him megabucks.
3. You will be smug in the knowledge that when he eventually sells up that nobody will want to buy his shit-tip of a house because it needs ££££ spent on it.

Completely irrelevant post no need to make it all about yourself

@ReadingSoManyThreads maybe you should go back and reread the Op then, she never once said it's ALL landlords, just the ones she's dealt with.
Get off your fucking high horse.