To think that Landlords have a bad name.

[Arewe29]

NC for this.

Is it just me or are all landlords frowned upon a MN.

We own and rent out 3 properties all our properties are rented out to young families, just under market rate, we allow them to decorate their homes how they like, and if there is any issues or problems they just call us and we sort it out ASAP.

I know that there is some terrible landlords out there, that should be dealt with but there are thousands of other that are decent that follow all the laws and their tenants are very happy.

🤣 Go and have a lie down.

All I can add to the OP's last post - that's great, probably a vast improvement on the basic, terraced house next to me - a little used 2nd home no less.

But OP, please don't be disingeneous and suggest you're a LL out of the goodness of your heart; no matter your workings out on the financials, your preferred tenants won't be a low-waged HH dependent on UC top ups to make it through each month.

But then you set your rent at the LHA rate? Probably not.

Please do correct me if any of what I've posted doesn't apply to you.

You do know they could still provide families with homes if you didn't own them?
Or did you think a middleman was entirely necessary?

Over 40% of RtB are now privately rented.

About 800k dwellings, not sure how many are HB.

Add that to the houses that govt/councils should have built and didn’t and we have x2 areas othat caused the crisis.

section 3.1 last paragraph.

https://lordslibrary.parliament.uk/right-to-buy-past-present-and-future/

My partner and I moved out of the south east to the East Midlands. It was a big move. We kept my flat in case we decided we'd made a terrible mistake and wanted to move back. I make no profit on it, in fact I make a bit of a loss (thanks Liz). I comply with all legal requirements, I had it redecorated and recarpeted before letting it out......my tenants are new to the M4 tech corridor and have no idea if they want to stay in the area......I'm not sure what is quite so awful.

I have said all along that this is an investment, I have also said that we do not make monthly profit on 2 of the properties, because of work that we have carried out.

One home is rented at LHA to a Mum on UC, that if we did not rent out to her she would be in temp accommodation and on the housing list for 10 years in an area with no local connections.

They're not going to tell you otherwise though are they? Would you? Knowing you are completly expendable?

Yes, and posters who are arguing against private landlords would prefer that profit went to (currently largely underfunded) councils to be used to fund public services, rather than lining the pockets of private individuals and bankers who keep such wealth for themselves. One is demonstrably better for society than the other, hence the belief that private landlords are less than ideal.

Unless I've lost track and that's the point you're making too - I am very tired!. 😴

Who, what?

If they do not like it, they can either leave and rent somewhere else, they can buy a property.

Not within the fixed term period. And it's two months notice that is needed, not 8 weeks. Landlords can't turf anyone out after 2 months. They have to make an application to the court for a possession order. That usually takes around 5 months.

Your mortgage lender can make an application to repossess your mortgaged property after two months of mortgage arrears, in exactly the same way. It takes slightly longer than a rented property because both sides are more likely to turn up to court, and depending upon the circumstances, providing you can show an ongoing ability to meet your mortgage payments, and to repay the arrears at a set rate over the remaining term, you are unlikely to lose your property. Many do though, and repossessions are up. That's due to government policy as well by the way.

Whoever ‘they’ are don’t seem to be coming forward.

Thank you @Arewe29, not just for clarifying but also for renting a property to a 'Mum' who relies on UC at LHA rent.

If only more LLs were like you.

In your silly analogy of owning more than one tv, then imagine this

TV's are £200. I go to all the Tv shops and buy every single last one. I then stand outside the TV shop and sell you it for £500. It's ok though because other landlords are selling them for £600 so I'm doing you a favour, plus I will let you change the batteries in the remote and maintain the TV however you wish

You need a TV and I'm providing you one so what's the harm.

You'll never own the TV

There are decent landlords out there but I think the big issue is we only hear about the awful ones.

We were initially renting as needed somewhere to stay and buying for the sake of buying wasn't the best plan.

We were keen to move back to our home town and there was nothing on the market to suit.

We ended up renting for years (the rent actually was cheaper than our mortgage) we didn't have the repairs to pay for and they allowed us to do what we wanted to the property so long as we didn't cause structural damage. In the end we ended up buying the house from the landlord. When we did rent though issues were sorted within days (I usually had to put them off as we weren't around).

We now rent out 2 properties but do this ourselves. We have homecare plans and insurance, our tenants can do what they want with the property all we ask is when they move out the decor is neutral. We have families in both.

The thing with the people that rent many of them rent as without a private landlord they would be homeless. Social housing is a nightmare to get and many don't have the savings for a deposit. So for those saying landlords are making it impossible for first time buyers I'm not sure that's really fair.

I have a tenant on LHA PC. Can I have a pat on the back too please.

Actually I'm waiting for him to leave as I'm wanting to sell it.

The properties 🙄

I don’t want to be a leech. I want to do the right thing. So I’ll evict all of my tenants tomorrow.

@Applescruffle you know that lots of landlords are selling up and yet the housing market has not cooled.

Also please show me where a house that costs 35k 25 years ago is now on sale for 300K, I will go and buy there tomorrow.

Why are you renting, this is genuine question, someone with your views and stance should not be renting and line the pockets of a greedy landlord.

Also my neighbours house not identical to mine, but still the same number of bedrooms is paying less than 2k a month of my mortgage but they did buy 12 years ago, so you can't make such sweeping statements.

Why not sell them your properties under market value

I would evict them tomorrow and offer it to them at market rate, as scummy landlords have pushed up all the prices, its all our fault.

@PrincessofWells thank you for the info, so a LL cannot ask a (fully paid up) tenant to vacate a home in 2 months? (I said originally said x8 weeks but clearly that was wrong).

Can my mortgage lender suddenly ask me to leave in 8 weeks even though I’m up to date with all payments?

Can a council ask a full paying, non-problematic tenant to leave in 8 weeks, sorry 2 months?

Will all homeowners sell their homes at below market value. Most will have sold their previous homes at market value.

Oh Princess, you can't I'm afraid, just issue a S21 and sell; pats on the back are only for those that give a teeny bit of shit unfortunately.

A perverse view is that you're not allowed to rent hovels anymore; the places that the many low-paid used to live, not necessarily the slums, just basic rooms, flats, etc that now have to be 'to standard', to everyone's greater cost.

Oh dear! Seems I might be saying 'bring back The Slums' which is not a good idea. But it's so totally shit for so many right now.

A council tenant will never own their home