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.

You're asking why there are such entrenched views. People have told you, quite clearly.
You're welcome.

Look at the responses on here.

All landlords are scum, and no one should be a landlord.

My point is being made perfectly.

Yet others have made valid points yet you are not seeing that.

you're welcome

So why are you doing it then? Why hoard assets if not for profit? Is it for the warm fuzzy feelings you get when you allow the poors to paint the walls 🥺

I think people need to just accept it for what it is. Taking money from people who are usually worse off financially than they are.

But I'm not the one asking for answers

One family can need more than one car or one TV, but they don't need more than one house - they obtain them to make money from people who are less well off.

I get that its hard to understand the possibility of a world where no one starves to death or is homeless but its sad you think it's dumb

Of course you're making a profit. When you sell them, you will have had the increase in their value paid for. Someone else has made that profit to hand over to you.

The way the market is going, you are getting your wish. There's around 25 per cent of the properties available as rentals in my area in comparison to 6 years ago. So only 1 in 4 remains a rental. Rents have increased by around 15 per cent as a result. A property goes on the market on Monday, available for viewing on Thursday, gone by the close of the day with multiple offers subject to affordability and references.

The current housing crisis is not due to landlords, it's due to a lack of coherent government housing policy for 20 odd years. It's down to the right to buy, and lack of social housing.

Landlords saw a gap in the market around 20 years ago and took advantage of it. It's a business.

This government has changed taxation so now you're taxed whether there's a profit or not, they fail to enforce the law, lack of enforcement coupled by the withdrawal of legal aid has led to little enforcement which is how landlords failing in their statutory duty get away with it.

The perfect storm of high mortgage costs, (down to government policy), higher taxation (down to government policy), and threatening the loss of s21 ( government policy) has made a dire situation worse.

This government doesn't give a shit about the homeless families, lack of homes, disabled people, women, Jews, lack of law enforcement, the NHS - none of it. That's not the fault of landlords either.

Exactly the OP is like:

Why do people think like this

And then when people explain its all

But that's not fair, you are all a bunch of meanies, why don't you see how nice I am

If the OP doesn't like the answers maybe they shouldnt have asked the question 🤦‍♀️

So where do you suggest students and young people who don't want to buy their own place live?

This thread is wild.

If the rent is paying the mortgage and the property goes up in price over the years then yes you are making a profit. Of course you are. No one would set out to buy and rent properties and make a loss would they.

The rent covers the mortgage but not the ground rent, or the tax we pay, or the repairs, we have put in new windows and boiler into the 2 properties, new carpets that were only put down 3 years ago that the previous tenant left in a state.

A new kitchen also went into the property as the tenant asked for a new one.

It’s an interesting idea. However some landlords only own the property they let out - they’ve moved to a new area and let out their owned house while they decide whether to stay put or they’ve moved in with a new partner and want to keep their owned property in case it doesn’t work out.

Just to add a different perspective I ended up being a landlord as bought a house to move into but ended up taking a job in a different city (renting). I wanted to sell but Tennants wouldn't move out...it's not always so clear cut! Yes there are bad landlords, there are also bad tenants...buy to lets have out priced many but instead of being annoyed at the people who invested in this...why not be annoyed about the government who allowed it/didn't provide an economy to allow people to trust investing in other things...this is not just about Tories...'new' labour also...why are we all blaming each other...no one holds the government to account (both labour and Tory...pretty much as bad as each other but we don't have any other choice to lead this country - sad)

So, capitalism? That is literally the basis of most businesses. Yet it only seems to be landlords who get attacked in this way.
Im not saying they don’t do it for the money, most absolutely do. But that doesn’t make them scum bags. Some of the views on this thread are extreme to say the least

According to lots of posters they should have no where to live.

Fancy wanting to leave home or move to a new area, want to study.😂

OP sounds like she might make a profit in future but she’s not now and future profit is not guaranteed.

Either way, why are posters talking as if profit is a dirty word? We live in a capitalist world. Profit is made out of essential things all the time. I wonder if all the people that are so worried about OP’s possible future profit are equally as concerned about the profits made by the companies that produced their food, clothing and medications.

I have the same handyman, electrician, gas engineer and plumber I use for all my properties and my own home. It's the best way to keep on top of not just repairs but refurbishments too. I have 11 btl properties but it takes me a fair amount of time to keep on top of admin. I used an agency to do credit and immigration checks to make sure I don't break government legislation but I managed the btl's myself.

Agreed. I feel it is unethical behaviour to buy multiple properties and leech off tenants who are out earning money and actually contributing to a functioning economy. I too was outbid by multiple landlords while buying a property. I was often exploited when renting. My distaste really increased when I went to buy a carpet, after buying, and was asked if it was a renter’s carpet I was after. It was explained that they had a really shit, cheap range for the renters.

Yet no one says about Tesco making huge profits, car makers making a huge profit.

I sometimes think some posters should move to North Korea, as they believe capitalism evil.

Pretty much everything you buy someone is making a profit. Are they exploiting you too?

It certainly is.