| Buy to Let on the Wane 16:16 - Jul 24 with 2299 views | JACKMANANDBOY |
The number of private landlords selling up is increasing and fewer are joining the market, shrinking the private sector rental stock.
So the consequences of making if difficult for both good and bad landlords is a reduction in rental properties which are being sold into private ownership reducing the stock and pushing up rents, making it difficult for more people who can not buy.
All landlords are bar stewards is part of the populist narrative and is now making things difficult for those who need to rent.
https://www.google.com/amp/s/amp.theguardian.com/money/article/2024/jul/22/numbe
[Post edited 24 Jul 16:22]
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| Buy to Let on the Wane on 16:27 - Jul 24 with 1795 views | onehunglow |
And property is is a good investment for old age
I was tempted but didn’t |  |
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| Buy to Let on the Wane on 16:37 - Jul 24 with 1795 views | Dr_Winston |
It's a combination between Governments making it more and more difficult for landlords of all types to actually manage their properties, and a vast increase in the numbers of absolutely shitty tenants.
I was considering letting my place out when Mrs. Winston and I finally shack up, but now I'm more likely to sell and just bank the proceeds. I'll be happier earning 3-4% interest than maybe seven with potentially huge expenses repairing the place or covering unpaid rent. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Buy to Let on the Wane on 16:43 - Jul 24 with 1782 views | SullutaCreturned |
| Buy to Let on the Wane on 16:37 - Jul 24 by Dr_Winston |
It's a combination between Governments making it more and more difficult for landlords of all types to actually manage their properties, and a vast increase in the numbers of absolutely shitty tenants.
I was considering letting my place out when Mrs. Winston and I finally shack up, but now I'm more likely to sell and just bank the proceeds. I'll be happier earning 3-4% interest than maybe seven with potentially huge expenses repairing the place or covering unpaid rent. |
I was talking to a fella who owned a house on Vivian road in Sketty. His tenants had to move out but smashed the place u before they left. They were students though and their parents had stood surety so had to pay up or go to court.
On the other hand, take a walk around Sandfields PT and look at the state of many blocks of flats. | | | |
| Buy to Let on the Wane on 16:51 - Jul 24 with 1776 views | Dr_Winston |
| Buy to Let on the Wane on 16:43 - Jul 24 by SullutaCreturned |
I was talking to a fella who owned a house on Vivian road in Sketty. His tenants had to move out but smashed the place u before they left. They were students though and their parents had stood surety so had to pay up or go to court.
On the other hand, take a walk around Sandfields PT and look at the state of many blocks of flats. |
Heard of a place in Clase that was let out. From day one the rent wasn't paid. Eventually when the L/L reclaimed possession they found that there wasn't a molecule of copper left in the place. Wiring, piping, the lot. All stripped out.
Some people are just locusts on society. There should be a blacklist and anyone on it should lose any entitlement to housing. Social, Private, anything. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Buy to Let on the Wane on 17:41 - Jul 24 with 1617 views | onehunglow |
| Buy to Let on the Wane on 16:51 - Jul 24 by Dr_Winston |
Heard of a place in Clase that was let out. From day one the rent wasn't paid. Eventually when the L/L reclaimed possession they found that there wasn't a molecule of copper left in the place. Wiring, piping, the lot. All stripped out.
Some people are just locusts on society. There should be a blacklist and anyone on it should lose any entitlement to housing. Social, Private, anything. |
J
I can relate to you of my going to Abstracting Electricity jobs where renters have literally out lives at risk
I was working in Liverpool 8 when a gas explosion killed .
Meter by passed
I was told to pay the most you can for. Nice three bed semi on a decent estate and get a 2+ 2 family into it and that would be a great investment .
Put shite on and you can expect pain and expense | |
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| Buy to Let on the Wane on 18:10 - Jul 24 with 1592 views | controversial_jack |
| Buy to Let on the Wane on 16:27 - Jul 24 by onehunglow |
And property is is a good investment for old age
I was tempted but didn’t |
I did. i bought property., paid cash, no mortgages.It's for the kids after my days. but I am getting some income from it. It's not really worth the hassle though. Regulations, tax, insurance, repairs and so on | | | |
| Buy to Let on the Wane on 19:21 - Jul 24 with 1550 views | majorraglan |
It’s not surprising tbh, landlords have lost the tax perks, while interest rates have shot up, there’s been an increase in red tape, restrictions on evictions all the while the number of scummy tenants out has increased significantly.
My uncle has 6 or 7 buy to lets including 3 student houses and he’s never had a problem. My cousin has 3 buy to lets, he rents his out to DSS types via an agency, they get busted up a bit but he gets his coin and he’s not bothered about spending money - his view is the tenants get what they deserve.
There’s going to be major ructions about housing going forward, all governments want to raise the standard of the property for rent (which is fair enough) but they have to be fair with the landlords. No landlords equals no property for rent. | | | |
| Buy to Let on the Wane on 19:40 - Jul 24 with 1529 views | Dr_Winston |
The other thing that is happening is that as private landlords leave the sector, banks and other corporations are stepping into it. Lloyds Bank is making big steps in becoming a major property manager, both new build and existing stock.
Not going to be easy for first time buyers and renters to outbid a bank, or explain to one why they need an extra couple of weeks to come up with this months rent. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Buy to Let on the Wane on 22:36 - Jul 24 with 1445 views | builthjack |
There has been too many landlords charging top whack and doing absolute minimum, if any, repairs.
Lots of good landlords too, who get a bad name because of the bad ones. |  |
| Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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| Buy to Let on the Wane on 02:07 - Jul 25 with 1400 views | Ohyeah |
Landlords need to register with that Rent smart Wales & pay for it and pay to do these online courses on a continuous basis to keep your license & this has been in operation for years since November 2015 ....
Every landlord in Wales are only allowed to rent properties out if they have this Rent smart Wales license ( unless you use a letting agency)
This means you have to have an up to date EICR, Gas, fire/smoke alarms, EPC certificates etc before you can even rent a property out..
You can then you have problems getting tenants out of your property, its truly full of pit falls /lots of different forms (RW's) to use and in the correct sequence or you have to start the process again.
For example if you gave someone a tenancy tomorrow you would have to wait 6 months & a couple of days until you could issue a 6 months termination notice & then you have 2 months to take legal action to get them out..
To be fair here it has speeded up the process if your tenant is not paying the rent or are behaving in an anti social behaviour way..
So its no wonder landlords are selling up its really become a bureaucratic nightmare..
And remember lots of these properties are becoming AIRBNB's especially in the touristy type areas where it is far more lucrative... [Post edited 25 Jul 2:47]
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| Buy to Let on the Wane on 09:50 - Jul 25 with 1310 views | controversial_jack |
| Buy to Let on the Wane on 02:07 - Jul 25 by Ohyeah |
Landlords need to register with that Rent smart Wales & pay for it and pay to do these online courses on a continuous basis to keep your license & this has been in operation for years since November 2015 ....
Every landlord in Wales are only allowed to rent properties out if they have this Rent smart Wales license ( unless you use a letting agency)
This means you have to have an up to date EICR, Gas, fire/smoke alarms, EPC certificates etc before you can even rent a property out..
You can then you have problems getting tenants out of your property, its truly full of pit falls /lots of different forms (RW's) to use and in the correct sequence or you have to start the process again.
For example if you gave someone a tenancy tomorrow you would have to wait 6 months & a couple of days until you could issue a 6 months termination notice & then you have 2 months to take legal action to get them out..
To be fair here it has speeded up the process if your tenant is not paying the rent or are behaving in an anti social behaviour way..
So its no wonder landlords are selling up its really become a bureaucratic nightmare..
And remember lots of these properties are becoming AIRBNB's especially in the touristy type areas where it is far more lucrative... [Post edited 25 Jul 2:47]
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Rent smart Wales is a pain. Nothing against regs, but they are so slow and it's not cheap.I hate doing their courses too
I rent out 2 properties for £550 per month each. They both have young families, and I do not have the heart to increase the rent, although I should. Not virtue signalling, but I feel i'm doing my bit to help families | | | |
| Buy to Let on the Wane on 16:01 - Nov 11 with 750 views | RockChesney |
| Buy to Let on the Wane on 02:07 - Jul 25 by Ohyeah |
Landlords need to register with that Rent smart Wales & pay for it and pay to do these online courses on a continuous basis to keep your license & this has been in operation for years since November 2015 ....
Every landlord in Wales are only allowed to rent properties out if they have this Rent smart Wales license ( unless you use a letting agency)
This means you have to have an up to date EICR, Gas, fire/smoke alarms, EPC certificates etc before you can even rent a property out..
You can then you have problems getting tenants out of your property, its truly full of pit falls /lots of different forms (RW's) to use and in the correct sequence or you have to start the process again.
For example if you gave someone a tenancy tomorrow you would have to wait 6 months & a couple of days until you could issue a 6 months termination notice & then you have 2 months to take legal action to get them out..
To be fair here it has speeded up the process if your tenant is not paying the rent or are behaving in an anti social behaviour way..
So its no wonder landlords are selling up its really become a bureaucratic nightmare..
And remember lots of these properties are becoming AIRBNB's especially in the touristy type areas where it is far more lucrative... [Post edited 25 Jul 2:47]
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Absolutely spot on—Rent Smart Wales has turned into a real headache for landlords. Keeping up with regulations is hard enough, but the endless admin for things like EICRs, gas safety checks, fire alarms, EPCs… it just piles up. And if you’ve got multiple properties, managing it all can be exhausting.
For anyone fed up with the hassle, I’d definitely recommend checking out these services: https://londonsafetycertificate.co.uk/ —they handle everything from EICRs to gas certificates, making it a lot easier to stay compliant without the stress. With all the extra red tape these days, it’s no wonder more landlords are thinking about Airbnb or selling up. It’s a tough market, but having a reliable service to sort the compliance side can really make a difference. |  |
| <a href="https://londonsafetycertificate.co.uk>London Safety Certificate</a> |
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| Buy to Let on the Wane on 16:19 - Nov 11 with 733 views | pencoedjack |
| Buy to Let on the Wane on 16:37 - Jul 24 by Dr_Winston |
It's a combination between Governments making it more and more difficult for landlords of all types to actually manage their properties, and a vast increase in the numbers of absolutely shitty tenants.
I was considering letting my place out when Mrs. Winston and I finally shack up, but now I'm more likely to sell and just bank the proceeds. I'll be happier earning 3-4% interest than maybe seven with potentially huge expenses repairing the place or covering unpaid rent. |
I did the same when Mrs PJ and I got together. It was okay to start with decent tenants, but then I had some bad ones.
When you have a mortgage to pay from the rental income you should be getting it can be difficult.
I knocked on the head about 7 years ago when all these regulations started coming in & made a tidy profit on the house sale.
Do you have to wait about 6 months to get non-paying tenants out these days? |  | | |
| Buy to Let on the Wane on 17:22 - Nov 11 with 690 views | Dr_Winston |
| Buy to Let on the Wane on 16:19 - Nov 11 by pencoedjack |
I did the same when Mrs PJ and I got together. It was okay to start with decent tenants, but then I had some bad ones.
When you have a mortgage to pay from the rental income you should be getting it can be difficult.
I knocked on the head about 7 years ago when all these regulations started coming in & made a tidy profit on the house sale.
Do you have to wait about 6 months to get non-paying tenants out these days? |
Something like that. Plus the inevitable damages that you've then got to put right. Can easily lose £10k on one scumbag tenant. Not worth the hassle. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Buy to Let on the Wane on 17:24 - Nov 11 with 686 views | majorraglan |
| Buy to Let on the Wane on 16:19 - Nov 11 by pencoedjack |
I did the same when Mrs PJ and I got together. It was okay to start with decent tenants, but then I had some bad ones.
When you have a mortgage to pay from the rental income you should be getting it can be difficult.
I knocked on the head about 7 years ago when all these regulations started coming in & made a tidy profit on the house sale.
Do you have to wait about 6 months to get non-paying tenants out these days? |
My uncle has 8 properties which he rents out including 3 x HMO’s, the only “hassle” he’s had is with the students and he’s prepared to take that on the chin as he gets extra cash. He interviews all his tenants snd gets the checks done through a decent agent as there are a few cowboys out there.
There are good and bad tenants and there are good and poor landlords. The poor landlords have resulted in the additional regulatory legislation.
There’s supposed to be a fast track process to get people out if they don’t pay, it’s 1 month or 14 days for non payment but not sure how quick it is in reality. | | | |
| Buy to Let on the Wane on 18:30 - Nov 11 with 658 views | raynor94 |
Hmo's has ruined Mount Pleasant in my opinion, lovely family homes turned into rentable rooms, who the majority show no pride in the area they are living. |  |
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| Buy to Let on the Wane on 00:37 - Nov 12 with 582 views | STID2017 |
| Buy to Let on the Wane on 18:30 - Nov 11 by raynor94 |
Hmo's has ruined Mount Pleasant in my opinion, lovely family homes turned into rentable rooms, who the majority show no pride in the area they are living. |
Agree entirely with that.
Been looking all year at property to buy ( to live in, not rent out )
Ruled out loads of lovely properties just by where they were.
Shame really as some of them had the best views and location in Swansea East |  |
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| Buy to Let on the Wane on 01:23 - Nov 12 with 575 views | Robbie |
One of the Oldies who my Parents had the chance to by our Council House at that time .
Lived in that place years later and treasured them time growing up as a family .
Daughter inherited a terraced house , legal issued followed as per norm , but it is hers .
She entrusted a local letting Agency to let the property out , she lives elsewhere .
Comission fees for vetting potential tennants are deducted from her monthly income .
She is happy with that albiet losing cash in hand deals maybe to her benefit short term .
How can people break a roof over their heads , the lucky one in the current day and age .
My Parents never trashed home I was brought up in.
Maybe I got lucky . | | | |
| Buy to Let on the Wane on 02:04 - Nov 12 with 566 views | STID2017 |
| Buy to Let on the Wane on 01:23 - Nov 12 by Robbie |
One of the Oldies who my Parents had the chance to by our Council House at that time .
Lived in that place years later and treasured them time growing up as a family .
Daughter inherited a terraced house , legal issued followed as per norm , but it is hers .
She entrusted a local letting Agency to let the property out , she lives elsewhere .
Comission fees for vetting potential tennants are deducted from her monthly income .
She is happy with that albiet losing cash in hand deals maybe to her benefit short term .
How can people break a roof over their heads , the lucky one in the current day and age .
My Parents never trashed home I was brought up in.
Maybe I got lucky . |
Same here.
My parents rented all their married lives.
Treated the property as if it were their own.
I think the majority of people still do.
Sadly a large minority dont respect other people's property, which probably reflects the change in our society | |
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| Buy to Let on the Wane on 07:14 - Nov 12 with 532 views | Dr_Winston |
They do it because there's no consequences.
If they default on rent nobody makes them pay it back. If they trash a property they don't have to meet the cost of making good. If they're homeless, there are plenty of people who will insist that housing is a "right", not a privilege to be respected and insist that the local authority find somewhere for them.
There should be a blacklist of scumbag tenants that private landlords can check (and rent at their own risk) and who are prohibited from any social housing. Let them live in a tent on the beach. It'll be their own fault. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Buy to Let on the Wane on 08:52 - Nov 12 with 490 views | Whiterockin |
| Buy to Let on the Wane on 07:14 - Nov 12 by Dr_Winston |
They do it because there's no consequences.
If they default on rent nobody makes them pay it back. If they trash a property they don't have to meet the cost of making good. If they're homeless, there are plenty of people who will insist that housing is a "right", not a privilege to be respected and insist that the local authority find somewhere for them.
There should be a blacklist of scumbag tenants that private landlords can check (and rent at their own risk) and who are prohibited from any social housing. Let them live in a tent on the beach. It'll be their own fault. |
Harsh but fair, if you can't behave suffer the consequences. There is no excuse for being a bad tenant, it's not your property respect it. |  | | |
| Buy to Let on the Wane on 09:03 - Nov 12 with 469 views | onehunglow |
| Buy to Let on the Wane on 07:14 - Nov 12 by Dr_Winston |
They do it because there's no consequences.
If they default on rent nobody makes them pay it back. If they trash a property they don't have to meet the cost of making good. If they're homeless, there are plenty of people who will insist that housing is a "right", not a privilege to be respected and insist that the local authority find somewhere for them.
There should be a blacklist of scumbag tenants that private landlords can check (and rent at their own risk) and who are prohibited from any social housing. Let them live in a tent on the beach. It'll be their own fault. |
Absolutely on the money
They get away with appalling criminal damage ,and that is what it is . | |
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| Buy to Let on the Wane on 09:32 - Nov 12 with 444 views | STID2017 |
| Buy to Let on the Wane on 07:14 - Nov 12 by Dr_Winston |
They do it because there's no consequences.
If they default on rent nobody makes them pay it back. If they trash a property they don't have to meet the cost of making good. If they're homeless, there are plenty of people who will insist that housing is a "right", not a privilege to be respected and insist that the local authority find somewhere for them.
There should be a blacklist of scumbag tenants that private landlords can check (and rent at their own risk) and who are prohibited from any social housing. Let them live in a tent on the beach. It'll be their own fault. |
Very sad and cynical view of people you have.
Just starting to get very cold and you suggest people go live in a tent ? | |
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| Buy to Let on the Wane on 09:38 - Nov 12 with 436 views | onehunglow |
| Buy to Let on the Wane on 09:32 - Nov 12 by STID2017 |
Very sad and cynical view of people you have.
Just starting to get very cold and you suggest people go live in a tent ? |
I fail to see why landlords have a duty to keep in their properties people who have no intention of paying for the privilege .
Not only that ,but when it suits,leave the property covered in excrement and devoid of even light switches and floorboards .
Literally . | |
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| Buy to Let on the Wane on 10:10 - Nov 12 with 423 views | controversial_jack |
| Buy to Let on the Wane on 09:38 - Nov 12 by onehunglow |
I fail to see why landlords have a duty to keep in their properties people who have no intention of paying for the privilege .
Not only that ,but when it suits,leave the property covered in excrement and devoid of even light switches and floorboards .
Literally . |
Then you don't return their deposits | | | |
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