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.

All very good points. But you’re ignoring the fact that I accept there needs to be a profit motive for private provision. It’s a matter of how and how much.

If controlling your profits is unacceptable to you, let (highly regulated) bigger companies carefully vetted for being fit and proper, with block insurance contracts, long-term contractor deals, big cash holdings, in-house surveyors, specialist lawyers, and so on, take over.

BTW, I’m not suggesting that bigger operators now are particularly ethical; but some muscular regulation would weed out the bad ‘uns and leave a good, responsible and dependable industry.

Just like I can rent houses out to help my family. 😊

That isn't what happens.

www.google.com/amp/s/amp.theguardian.com/business/2022/sep/29/blackstone-rebellion-how-one-country-worlds-biggest-commercial-landlord-denmark

I will continue to rent out my houses, to those that need to rent because of work or a single mother that has no hope of social housing and no chance of a mortgage. I do it for my family and kids, they will benefit and have a great start in their adult years.

If that makes me a leech, then so be it, my kids will always come first.

I have taken risk, some have paid off, others will provide an income in five years.

Those saying that I beat others when buying the properties 2 had no sold for 6 months as they needed so much work done to them, so anyone could have bought them it was an open market.

In my opinion, it doesn’t matter what a “nice” landlord you are. Buy-to-let is caused by and causes huge social issues. The overwhelming majority of renters would probably prefer to own, but can’t because the prices of houses are inflated by (amounts other things) people buying them for investments. I’m glad for you that you have that privilege, and I’m glad you’re not trying to exploit your tenants, but you’re the beneficiary of a huge inequality and you can’t seriously expect the have-nots to be kissing your shoes in gratitude for granting them the chance to pay your mortgage for you.

As much as it pains me to agree with anything written in the Guardian, Mr Bano is right. We don’t need to build very much. We need to introduce efficiencies into the existing housing market.

(I suspect Mr Bano and I would disagree abut RTB, but the gist of the wider argument we’d agree on.)

Actually you can’t directly tell someone to fuck off on here because mumsnet delete people for that. They deleted you.

But you have to pass a credit check to rent too!! I had to with my last three properties and for people that can't pass credit checks, you need a gaurentor who can... doesn't sound too dissimilar to a mortgage to me??

As for not being about to afford a deposit.. you have to pay a deposit to rent too! 😂 in fact for the house I am in now, mh husband and I had to pass credit checks, pay a deposit AND pay 6 months rent upfront which amounted to almost £8k. And this is not unusual.

It really is a case of LLs driving up property prices and charging high rents which put people in an impossible position with little chance to save enough.That's why it is the LL's fault. It doesn't mean tenants are un-creditworthy and poor.

I do what’s best for us as a family, if others wouldn’t, more fool them. I don’t believe many people wouldn’t do it given the chance if they could make it work.

My parents were like lots of people on this thread, until the chance came to buy their council house. Their principles soon went out the window and they bought the house for a very low price. They sold it a few years ago making a tidy profit.

Your comment was deleted.

I’m not sure of the relevance of that article. What I’m arguing for is regulation precisely to stop housing rental abuse.

I can’t comment on Scotland - which a different poster raised - but I’d be inclined to think that its housing situation is probably particular to it. And as a pp said, the answer there is likely to be better regulatory policy, not none.

If have been happy for it to stand, I think it shows you for what you are. I’m just proving the point thsg when you say you can do it, you can’t. If you do it often enough, you’ll be banned,

But you’re ignoring the fact that I accept there needs to be a profit motive for private provision. It’s a matter of how and how much
Indeed, how do you regulate this? At the moment, 40% of the rental I receive goes to the government in taxes due to my current FT position. It's a good deal for the government. I however don't take any profits.

The intention though is to have it paid off by the time I retire. I will then be paying less in taxes and make more of a profit.

So should I be penalise for the level of profit after retirement? Despite the current situation? It can't be regulated.

Well, i guess you are unusual, as most posters on Mumsnet seem to have a sharp eye on what capital gains they expect to aee on their family home, and even more so that of their parents, to which they feel entitled.

It’s not opinion, it’s fact. Mumsnets rules.

The Guardian article fails to mention the massive increase is smaller households in recent decades, therefore there is a shortage of housing. That’s a fact that many on here refuse to acknowledge. More convenient to make landlords the scapegoat.

I understand you to be saying that the rent covers a mortgage. Is that right? I wouldn’t allow that.

LLs should have to be freeholders without charge on the property. Then the assessment of rent and profit margin could be done.

LLs should be specialist, regulated housing providers, not individuals whose job, income and family circumstances change.

I do what’s best for us as a family, if others wouldn’t, more fool them. I don’t believe many people wouldn’t do it given the chance if they could make it work.

That’s exactly why radical change is needed.

Landlords are frowned upon by some people OP, as another poster said, you are not likely to change their opinion so just get on with doing what you do.

We own 4 properties, 2 that we live between due to our family circumstances and 2 that we rent out. We will sell them when our kids want to move out to help them buy a house. I couldn’t care less if people think it’s wrong, we want our kids to have a good life and they’re our priority.

Nothing to show for it but the home you live in. Do you think you should have it for free?

I understand you to be saying that the rent covers a mortgage. Is that right? I wouldn’t allow that
No it doesn't. I pay the mortgage via the income I receive through my FT job. The income from the rental, after the 40% that goes towards taxes, pays for management, maintenance, repairs, all the required checks, insurance, and the fund I put aside in case of non payment and damages as twice this has happened in the past.

If it wasn't for the fact that I can pay towards the mortgage and that I intend to use the income later towards my retirement, I would have long sold the property, like so many landlords have and continue to do.

Just to add that many landlords are in my situation.