Why so much hate for Landlords on MN?

[coulditbeme2323]

Who do LL's get so much hate on MN?

It seems so much more hate than there is any real life.

It is earned.

I know. Mortgage companies don't care! That is their usual stipulation: rent must more than cover mortgage and council tax.

It is the role of individuals to be decent people and exploiting vulnerable individuals is not being a decent person.

People who are against landlords are not saying it's their role to house people. They want the opposite. They want them to stop buying up all the houses and giving vulnerable people no choice but to rent them. We want them to NOT house people.

Lol no it isn't

Of course it is, there is this belief that it is passive.

It isn't.

No it's not. It's not earned income, it's investment income.

I've done gas check (annual) electric check (5 yearly), heating repairs (3 x as complicated), new cooker and remortgage (fiddly, thanks Putin/Trump). About £3k. Plus there are annual service charges of a grand or more due to complex ground landlord situ.

I am sorry that isn't always true.

I can only speak for myself but I'm not "exploiting a vulnerable individual"!

My previous landladies (2 sisters inherited their mum's house) seemed really nice at first but kept it from us until we moved in that the adjoining semi belonged to one of their husbands boss! The walls were quite thin so we got moaned at via landladies husband about the noise (we tried to rectify this) and got constant whinges from the neighbour, once again via landladies husband who kind of took over the role of landlord, about our garden. It was overgrown when we moved in but they expected us to pay for a gardener (they could sod off). My husband was always mowing and strimming. If we had known about the landlords boss living next door we would never have moved their. I'm convinced the landlords boss is the reason we got evicted after 5 years and being told we were good tenants and could stay as long as we want.

Fast forward our current landlord. He runs a company that builds houses. He bought the old bungalow we moved into with the intention of demolishing it and building 3 houses on the land. However we weren't told this until we had been living there a month and got a letter about a planning application to do that. So we had gone from a no fault eviction which was very stressful and made my 4 year old son stop eating until I had to take him to hospital to thinking we would be out on our ear yet again. Luckily the planning got denied. Being a tenant means your whole wellbeing and security depends on the landlord.

Neither am I!

I think there’s an inherent and historic dislike and mistrust of people who own private properties other than those they live in, with the sole purpose of making money out of other people’s housing need. Many, many landlords maintain their properties to the minimum, or below, while trying to extract the maximum amount of rent, with tenants often having to offer over the amount asked, in order to secure a tenancy. That’s just the way it is and has always been. Of course most people aren’t going to harangue bad landlords to their faces in real life! A large number of tenants feel exploited, nonetheless.

It's literally unearned income, that's why you don't pay national insurance on it.
Noone cares that the landlord has to pay tax on unearned income. Everyone has to pay tax on their earned income, before they then pay it to the landlord. Why are we supposed to care? And why does this make them any less leechy?

It's not unearned, but if I explained it to you - you wouldn't agree anyway.

You cared enough to start a thread about it and then reply lots of times.

Because I am intrigued.

I'm really struggling to understand what you are trying to achieve OP. You seem to have little to offer other than dismissive one word responses ignoring everything said apart from what you agree with.

Are you accounting for the rise in the value of the house?

Yes, there will likely be capital gains tax at the end, but that tax is not 100% rate, so the owner still gets to keep some capital gain.

I disagree being a LL is unearned income. I suppose if it's fully managed there is an argument it is.

But what both myself and my husband do.

1. Make sure gas and electric certificates are up to date.
2. Carry out minor repairs.
3. Book and instruct tradespeople.
4. Attend AGM's and quite often sit on the board.
5. Deal with debt enforcement agencies.
6. Transport furniture from one property to another dependent on tenant's requests.

That's not unearned.

She should be able to rent from the council, in an ideal world.

That is what is wrong with society: private landlords, private water companies, private electricity and gas, private railways, and on and on.
Profiteers and shareholders getting rich by owning essential services that should be provided by the state.

Neoliberalism 101.
privatise everything, con society if they just work hard enough they’ll achieve, keep dangling that carrot of achievement and success in front of them so they keep striving but never quite reaching it and then as a result everyone turns on each other instead of facing the real problem. People who believe getting rich at the expense of others at any and all costs with minimum effort have bought into the neoliberal lie. We see it very clearly with OP’s posts. I’m alright jack, screw you!
OP seems to genuinely believe they offer a public service 😂

I mean it is a service isn't it.

Please explain your public service and the good it does to society

How very naive