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Landlord nightmare Wales |
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Sir Duckling Tuft ![]() Senior Member ![]() Joined: 27 May 2012 Location: wales Status: Offline Points: 698 |
![]() ![]() ![]() ![]() ![]() 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....
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sir duckling tuft
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ladram ![]() Rambler ![]() ![]() Joined: 08 April 2005 Location: United Kingdom Status: Offline Points: 26559 |
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Sell the houses and bank the money
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Oracle ![]() Veteran ![]() ![]() Joined: 19 September 2022 Location: North pole Status: Offline Points: 3959 |
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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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Wil Chips ![]() Rambler ![]() ![]() Joined: 23 August 2009 Location: Africa Status: Online Points: 49909 |
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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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RR1972 ![]() Veteran ![]() ![]() Joined: 27 April 2009 Status: Offline Points: 17615 |
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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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RR1972 ![]() Veteran ![]() ![]() Joined: 27 April 2009 Status: Offline Points: 17615 |
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Oracle ![]() Veteran ![]() ![]() Joined: 19 September 2022 Location: North pole Status: Offline Points: 3959 |
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Is it better to go through an agency or try and save money by doing everything yourself
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RR1972 ![]() Veteran ![]() ![]() Joined: 27 April 2009 Status: Offline Points: 17615 |
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Oracle ![]() Veteran ![]() ![]() Joined: 19 September 2022 Location: North pole Status: Offline Points: 3959 |
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It's what my brother in law does with his properties...he said the benefits out weighed the negatives
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lofty evans ![]() Rambler ![]() ![]() Joined: 20 September 2007 Location: Gorseinon Status: Offline Points: 52799 |
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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
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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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roy munster ![]() Veteran ![]() ![]() Joined: 30 August 2010 Status: Offline Points: 15387 |
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No swings anymore it's 100% loaded against landlords Honestly it's the most disgusting legislation I've ever seen Look out for drug dens, illegal subletting, overloading houses, vermin, and house flats going up in flames....100s of council flats were razed to the ground in Llanelli in the past 3 yes...all destroyed by tenants...it's in the interests of landlords to maintain their asset, their houses...it's not in the interests of tenants who are not accountable for anything...stolen rents, damage, years of stress and legal battles all on the landlord.... There is literally no law that allows a landlord into his own property if his tenant doesn't allow it....eve no damage, 1000s of rent arrears, rats, even flood and fires you cant go in without a £1500 injunction No one in govt cares as long as they bash landlords for cheap votes and soundbites that sound good on TV but create a living hell in reality...exactly what this former great town has become Edited by roy munster - 17 February 2023 at 12:33am |
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ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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Eastern outpost ![]() Rambler ![]() ![]() Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 21015 |
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Interesting piece on BBC TV News this morning about Lou Macari and his help for the homeless. Worth searching and catching up on.
He says his worst opponent is drugs, in terms of his work to help his folk transitioning from sleeping rough to having an address and getting back into society. Never been a landlord and no desire to do so. It’s fine when you’ve got great tenants that pay the rent on time, look after your property etc. However, all you need is the tenant from hell and you end up having to devote so much time, energy and expense. For those that have more energy and appetite for that and do it properly, I take my hat off.
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In a world where you can be anything – Be Kind.
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Oracle ![]() Veteran ![]() ![]() Joined: 19 September 2022 Location: North pole Status: Offline Points: 3959 |
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Are there any Tennant's of Roy's flats posting on here , we need to hear both sides of this story , my brother in law doesn't seem to have the same issues and concerns that you are raising ...Do you lease out through a 3rd party agency , as this costs a bit but it takes the pressure off the landlord , having to do deal with all the issues mentioned ....if you want contact details for the 3rd party company ..let me know and I can send you the details ....by the sound of it , it looks like your best option
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Fscarlet ![]() Moderator Group ![]() Joined: 26 January 2015 Status: Offline Points: 8547 |
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There's no money in renting out houses now sadly. The landlord who rented out the house next to us has his house gutted. Tenants took everything out that wasn't theirs including white goods - he's sold it now & the new owner said it's going to take 6 months of work just to get it looking good enough to think about moving in.
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Wil Chips ![]() Rambler ![]() ![]() Joined: 23 August 2009 Location: Africa Status: Online Points: 49909 |
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I think these are extreme cases, but I do recognize that in 2022 I realized just about 40% (net) from the gross rent. I anticipated about 70-75% as a sensible ROI.
Agents fees about 15% Mandatory upgrades/contracts 13% Mandatory certifications - 6% Building insurance - 4% Repairs and maintenance - 10% Rent owed/arrears (rolling average) - 12% |
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It's not something I'd ever want to get into personally. If someone sets up rental accomodation as their business and does so reputably for a fair price, I've nothing against that on a personal level but I do believe that the State ought to be providing a great deal more in terms of quality social housing. There are disreputable landlords and there are bad tenants. In any business transaction, surely both parties should enjoy fair legal rights. There is a balance to be struck of course. The WG is far from perfect but there is a small proportion of the Welsh public who seem to portray them as the Devil's armpit. Seems a bit OTT to me. It's been good to see the range of experiences shared here. Perhaps the conclusion is that like much in the UK, housing is dysfunctional right now. I am aware that there are also complaints in other constituent nations of Britain on this matter.
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