Any landlords on here had enough?

[Dork Lard]

I think after some changes down south to further protect tenants, the government reiterated the process to evict in certain circumstances would still be relatively straightforward e.g. not paying rent, antisocial etc. If that's true and if that's how it plays out in reality, think yourself lucky if you're a landlord and need to evict. As I've said, evicting up here in Scotland is now nigh on impossible, regardless of what the tenant is doing.

Btw I'm not one of those landlords who thinks it should be legal to evict a tenant within days on a whim, however surely there's a balance to be struck. That balance is gone up here, gone.

I'm totally out of residential property now & I'm very happy that I am.

I was only ever what I would call a 'beneficial' residential landlord, it's just that there is a percentage of tenants out there who quite frankly "take the P". I firmly believe that good business is where both sides can profit. If the balance is skewed in one sides direction then surely an imbalance must take its place, the only thing that will replace an independant landlord is a corporate landlord . . . . . Which I truly believe is what they want to happen, because your politicians are in their pockets . . . . .

 

[Mottie]

The problem is that any reform will be branded as anti-business by the Daily Mail and the Motties of this world will get their knickers in a twist and nothing will change.

Lol. And here I am on the brink of retirement and looking to rent out our commercial property. Good thing is, there’s no mortgage on it and being commercial, they can sort their own repairs out.

 

[noseall]

BTL is a curse. Glad to see that financially it's becoming less attractive. Renters might even have a chance to buy now.

 

[HawkEye244]

Lets also not forget why people bother with the property market in general... It's because money in the bank becomes increasingly worthless year on year due to money printing (inflation).

People are just trying to outrun the loss of spending power they incur year on year.

What can a person expect to hold its value over a medium to long length of time ? :

Gold/silver/rare minerals, SNP500 (increasingly risky), Bitcoin, land/property, rare antiques (Japanese cars, art work, etc), government bonds ? Lol..

The games people have to play and the hoops people have to jump through just to retain the value they've managed to amass for themselves during a life time...

Fundamentally, the problem is that the money itself is broken. Pretty much every currency used in the World today is a fiat currency. A fiat currency is a currency which is backed by nothing of intrinsic value and can be reproduced quickly and easily at the click of a button. Fiat money is classed as 'soft' money.

A hard money like gold or Bitcoin requires a significant amount of energy to produce; hence why the inflationary rate of these commodities remains low and hence why these are classed as 'hard' money.

Gold has an inflationary rate of about 1-3% per year, in comparison with your average fiat currency with a true inflationary devaluation of anywhere from 10-30% . More if you live in a country with hyper inflation...

Over a long enough time span every single fiat currency in history has been printed into oblivion and the value has gone to zero.

It doesn't matter who you vote for as the country is controlled by the central bank of that country. All central banks are privately owned. Change will not come from the ballot box.

 

[Justin Passing]

Lol. And here I am on the brink of retirement and looking to rent out our commercial property. Good thing is, there’s no mortgage on it and being commercial, they can sort their own repairs out.

I had a grotty shop with flats above, in London. The area got posh. A fashion outlet took it over. They tanked the basement, installed aircon, a new front, new floors, fire regs and soundproof standards, lovely. They went bust a year later, so I could let it out again - double the rent....

 

[Ihavenojob]

Lol. And here I am on the brink of retirement and looking to rent out our commercial property. Good thing is, there’s no mortgage on it and being commercial, they can sort their own repairs out.

Any chance of homes being built on it?

 

[Mottie]

Any chance of homes being built on it?

Eventually. Just one three bed, it’s not massive. I got plans passed in 2017 and they have expired now but I could resurrect them I presume. I didn't make a start to keep the permission live as (a) I would have had to demolish my workshop to put the footings in and (b) pay the CIL of around £8K as soon as building commenced.

 

[Ihavenojob]

Eventually. Just one three bed, it’s not massive. I got plans passed in 2017 and they have expired now but I could resurrect them I presume. I didn't make a start to keep the permission live as (a) I would have had to demolish my workshop to put the footings in and (b) pay the CIL of around £8K as soon as building commenced.

you could get PP and sell it with it.

 

[Mottie]

you could get PP and sell it with it.

I will do eventually but don’t really need the money for anything at the moment so thought I’d just get an income from it.

 

[carmanmemoranda]

BTL is a curse. Glad to see that financially it's becoming less attractive. Renters might even have a chance to buy now.

Agree, but it appears there are lots of big companies becoming major landlords. A lot of houses owned by a few, what could be wrong with that?

 

[Deleted member 221031]

BTL is a curse. Glad to see that financially it's becoming less attractive. Renters might even have a chance to buy now.

It’s not a curse, just hard work making it work.

What would happen without private landlords? The council can’t mange. Where would that leave all the unemployed

 

[gas112]

Trouble with renting is far too many people got into it thinking it was easy money with no capital at all behind them to carry out repairs
See it a lot with HMO`s they hear of the rent being achieved per room but forget all about how expensive the utility bills can be not to mention damages and people buggering off with rent arrears.
One mate has changed half a dozen of his HMO`s into serviced accommodation for contractors and paid directly by their companies then lets them out as airbnb over the weekend which has a good uptake.

 

[diy_fun_uk]

the only thing that will replace an independant landlord is a corporate landlord . . . . . Which I truly believe is what they want to happen, because your politicians are in their pockets . . . . .

They (Scottish Government) have made no secret they want to align social and private rental markets. It's also being openly discussed that what they're trying to do by legislation/stealth whatever you want to call it is to drive smaller landlords out the game. As you say, leaving a small number of large rental organisations to deal with.

It'll be interesting to see how that plays out for tenants if small landlords essentially cease to be. At present, if my tenants contact me re something wrong, for advice etc, I reply same day and in the case of faults always endeavour to get a tradesperson out asap. Yes large organisations will have SLAs, however the cynic in me thinks the service won't always be as good.

 

[gas112]

Was working two doors away from one of my rentals today . Noticed fair few weeds coming through the slate chipping so sat my ar5e down and weeded and trimmed up some plants for about an hour . Wonder if the tenant will notice and think who done that

 

[Justin Passing]

Trouble with renting is far too many people got into it thinking it was easy money with no capital at all behind them to carry out repairs
See it a lot with HMO`s they hear of the rent being achieved per room but forget all about how expensive the utility bills can be not to mention damages and people buggering off with rent arrears.
One mate has changed half a dozen of his HMO`s into serviced accommodation for contractors and paid directly by their companies then lets them out as airbnb over the weekend which has a good uptake.

When I started buying there would he about a dozen in the auction room.
In later years it became a family outing - dog included.