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Landlord nightmare Wales

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lofty evans View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote lofty evans Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 10:59pm
Brother in law is a landlord...owns most of Gorseinon....his head is fried with the new legislations.

On another note I was an excellent tenant ...on another note there are crap landlords..swings and roundabouts 
In 1972, Roy Bergiers scored that try and said "that was for you lofty"

"All you have to decide is what to do with the time that is given to us"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 9:27pm
It's what my brother in law does with his properties...he said the benefits out weighed the negatives 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 9:18pm
Originally posted by Oracle Oracle wrote:

Is it better to go through an agency or try and save money by doing everything yourself
good agent saves you time, do all the checks  get ckeaners in and tradesmen in when needed and ensure no gap between tenants. It costs but for me it’s worth it. I’ll prob sell mine (only got two i’m hardly a propery tycoon)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 8:13pm
Is it better to go through an agency or try and save money by doing everything yourself
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 8:11pm
Originally posted by Oracle Oracle wrote:

Are you a good landlord or are you an arsehole landlord ....genuine question ...I have had experience of both in the past 
were you a good tenant or a pain in the baxkside tenant who thought it was great to smash the house up default on rent and annoy the neighbours? I have had experience of bothWink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 8:03pm
All tenancy  agreements  min 6 months (a bind for somevtenants to who just need a short term stay)then another  6 months notice, it’s a year even if a tenant defaults one month in tbh ive let mine via air bnb / short term holiday lets with an agent now.  If you want a good tip clearsprings who do the asylum seeker lets are offering 5 year contracts, good payers to. Driving lamdlords into sales will mean less not more houses to rent , making rents will imcrease not decrease and people will find it harder to rent houses. The exact opposite of what these rules are designed to, the road to hell is paved with good intentions as they say

Edited by RR1972 - 16 February 2023 at 8:08pm
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Wil Chips View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wil Chips Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 7:35pm
I'd like to think I'm ok, although with recent legislation it does mean it's very much leaning towards a tenants market once you get in to a property (getting past all the checks and protocol's to become a tenant is not so easy these days mind).

As a LL, this year I've paid 400 pounds per property to ensure I remain compliant with the new law that stipulates all smoke alarms must be linked to the mains. Added wall mounted carbon monoxide monitors at 80 pounds a pop, also mandatory.

All the tenancy contracts have now had to be re-written (stipulated) - it's best to get it done professionally at about 75 pounds each.

I only let to local people, and haven't raised any rents in 4 years.

All my tenants are in various degrees of arrears, and I get it, there's a cost of living crisis.
I'm happy to work something out, however the tenants are, or at least project the feeling to me that they are, fairly well insulated from what a LL's actions can be, so chose not to communicate. That's a shame, but such is life.

I've just completed the sale of one property, and yes I had to spend 2,000 pounds to make good the property after a tenancy departed. Still get CCJ's and chasers relating to that tenant. Again unfortunate.

Pretty sure I will bail on the others as soon as practical.
Not sure how that helps out the housing challenges I read about in my areas, but it's really not a viable option to try to maintain a rental portfolio with the obligations stacked against you, and a tenant population that feel immunized from the basic terms of a tenancy.

I'm sure there are stacks of unscrupulous LL's out there, and they provoke the rule changes I guess.





Edited by Wil Chips - 16 February 2023 at 7:40pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Oracle Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 7:10pm
Are you a good landlord or are you an arsehole landlord ....genuine question ...I have had experience of both in the past 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ladram Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 6:05pm
Sell the houses and bank the money 
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Sir Duckling Tuft View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sir Duckling Tuft Quote  Post ReplyReply Direct Link To This Post Posted: 16 February 2023 at 4:01pm
https://rentsmart.gov.wales/Uploads/Downloads/00/00/01/73/DownloadFileEN_FILE/Renting-Homes-Course-Handbook-01.12.22.pdf

In addition to 2 licenses, insurance, boiler/electrical/gas certificates repairs maintenance
The welsh assembly has gone to war with private landlords with the most biased impossible contradictory set of laws since boris party rules
apparently landlords cant go in but they can they cant they can they cant
in the end they cant

I dare anyone to try and read the additonal 100 pages of rules on landlords in wales
Not 1 single word in it about tenant responsibilities

Absolute madness

End result....Destroyed properties endless legal battles, illegal sublets, drug dens, the end of private houses rented to anyone on housing benefits as landlords have zero protection..They cant even enter their own property with out an injunction from a judge in any situation...Look out for endless housing disasters, gas leaks, fires, violence, drugs the usual and more homelessness

The politics of envy at work again..Its communism by any other name trying to force punish landlords and make their lives a living hell....
sir duckling tuft
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