tenant threatening to with-hold rent

mbga9pgf

N79 wrote: »

Any LL who has such a concentrated portfolio that the closure of a local factory / major employer would have such a knock on effect does not have a sound business model.

LLs who have over mortgaged their properties do not have a sound business model.

I agree that many amateur LLs may soon be subsidising Ts. Serious LLs will not and never will. Dream on!

Correct me if I am wrong here, but there a hell of a lot of amateur LLs out there... Starting with that despicably greedy couple the wilsons, with their 500 now massively depreciated btl properties. Shocking thing is, they are maths teachers!

So tell me, how much have they lost on their 500 overgeared properties? I know of a few wannabe neauveau riche types that thought BTL was going to pay their retirements. As I have said above, its going to happen, large scale!:rotfl::rotfl::rotfl:

silvercar

mbga9pgf wrote: »

Correct me if I am wrong here, but there a hell of a lot of amateur LLs out there... Starting with that despicably greedy couple the wilsons, with their 500 now massively depreciated btl properties. Shocking thing is, they are maths teachers!

So tell me, how much have they lost on their 500 overgeared properties? I know of a few wannabe neauveau riche types that thought BTL was going to pay their retirements. As I have said above, its going to happen, large scale!:rotfl::rotfl::rotfl:

We only hear of the bad news, bit like tenants coming on MSE with problems, we don't hear of the thousands of people happy in their homes with decent landlords...

For every landlord repossessed there is a tenant turfed out with not much notice. Why this has you :rotfl: is beyond me. Do you get off on other's misery? Or is your hate for landlords so great that you don't care as long as they suffer?

mbga9pgf

silvercar wrote: »

We only hear of the bad news, bit like tenants coming on MSE with problems, we don't hear of the thousands of people happy in their homes with decent landlords...

For every landlord repossessed there is a tenant turfed out with not much notice. Why this has you :rotfl: is beyond me. Do you get off on other's misery? Or is your hate for landlords so great that you don't care as long as they suffer?

I have no problem with LLs who provide a good service. I have no problems with LLs that do it and actually care about their tenants and show some decency. I loathe get rich quick types that priced me and my family out of the market since 2005, and are now getting their long deserved cumuppance. :rotfl::rotfl::rotfl:

I particularly dont like jumped up little LLs who have owned a rental for 5 minutes, finding it all a bit difficult, then come on here and get advice to turf out their tennant from individuals that dont have a full understanding of the facts. cowboy springs to mind.

If you are a landlord, did your sums right and look after your tenants that pay for a service, I commend you. If you are some chav that thought they could get rich quick and leveraged a dozen BTL flats on the previous ones capital gain, I say you are about to get what you deserve. Leverage works both ways.

As I have said, plenty of suppy at the moment means that for every LL reposessed, there will be one tenant on the street temporarily; who will then find his next tennancy agreement at a significantly reduced price than the one they were in.

Roll on 2009! :rotfl::rotfl:

silvercar

I loathe get rich quick types that priced me and my family out of the market since 2005,

So its personal.

Someone offered more for a house than you could afford and so the greedy seller sold it for the higher price.:rolleyes::rolleyes:

Haven't you gained by renting while the market falls?

mbga9pgf

silvercar wrote: »

So its personal.

Someone offered more for a house than you could afford and so the greedy seller sold it for the higher price.:rolleyes::rolleyes:

Haven't you gained by renting while the market falls?

Your damn right I have. I also have a decent Landlord that has always treated us fairly.

But we have got a way to go yet my friend. 2002 prices here we come. Hopefully shortly followed by legislation limiting us to 3-3.5X multiples and minimum 20% deposit, no equity withdrawl allowed.

Then we will see the likes of Delbert and his buy-to-let bankrupt empire consigned to the history books. Why should I have to pay any more of a % of my salary for the same home, just because a bunch of now (fortunately) bankrupt losers decided they wanted the easy life instead of working for their money?

silvercar

So Delbert and co have saved you money (or they will have by the time you buy)?

Question is whether the house you wanted is now back down to the price you were prepared to pay and you haven't been inconvienianced too much by having to rent in the mean time.

mbga9pgf

silvercar wrote: »

So Delbert and co have saved you money (or they will have by the time you buy)?

Question is whether the house you wanted is now back down to the price you were prepared to pay and you haven't been inconvienianced too much by having to rent in the mean time.

Its not yet, but its certainly headed that way. Delbert and co. have caused a lot of heartache in the meantime. Renting has been a pain in the @rse TBH. Whereas my parents got to move into a 3 bed semi in a nice area on an average salary after 6 months saving and start growing the family, I had no choice but to rent out and save literally every single penny we have, whilst house price rises outstripped our savings from April 2005 till September 2007. We have been saving at around 80% of my above average takehome since 2005; my wife only completed teacher training 20 months ago so income from her was pretty slow.

This housing correction is long overdue; unfortunately its going to take a large proportion of our economy with it. It would have been much better to allow housing to rise in line with wages, instead of the rediculous boom that has seen speculators cause havoc with ordinary, hard peoples lives. That, I am afraid, is something I will not be sorry to see the back of. In fact, I cant wait. If that means !!!!less speculators get bankrupted, then unfortunately they need to realise with every investment comes risk. You Lost. Prices were well overinflated at 2005 prices. Time to get houses back to what they were. Somewhere to live.

Horace

I too have a decent landlord although I and a few others did threaten to withhold our rent due to the bad behaviour of another tenant. We had a tenant from hell in the basement flat and he made life hell for the rest of us - loud parties, drug dealing, smoking dope that would stink out the block, his loony ex coming round ringing every intercom and trying to kick the door in during the early hours (she was arrested). As soon as we invited the LL round to come and stay on a Friday night to see what we had to put up with from Friday through to Monday and the thought that we would withhold our rent then he actually did something....he evicted the horrid little man.

Our landlord paints the communal areas in each block at least once a year, everytime a tenant leaves the flat gets a thorough makeover. His rents are reasonable and his staff are friendly. I have seen him forcibly evict someone before and that wasnt very pleasant but on the whole he is a jolly good chap.:D

ianian99

N79 wrote: »

I agree completely with Clutton's advice. Once a childish T always a childish T. The only thing to do is to get rid of them with the minimal fuss. If a good T attempts to negotiate a rent cut in an adult way then only a mad LL would evict. That is not the case here.

While I suspect market conditions vary accross the country, no LL will start paying their Ts to remain put - hardly a sound business model. Good houses will always rent because people will always need good homes.

Note - mbga9pgf edited their original post to remove their "future prediction" hence the discrepancy between their post and my quotation of it.

God I'm glad none of you are my landlord. If the house is cold and he cant get a tv recepeption because of equiptment on the roof then he's got valid points has he not?
If he was so childish and unreasonable then surely the previous landlord would have gotten rid of him.
I cant see him just all of a sudden deciding to not pay his rent because you have bought the property.
Sort his heating and the crap on the roof then see what happens.

ianian99

Horace wrote: »

I too have a decent landlord although I and a few others did threaten to withhold our rent due to the bad behaviour of another tenant. We had a tenant from hell in the basement flat and he made life hell for the rest of us - loud parties, drug dealing, smoking dope that would stink out the block, his loony ex coming round ringing every intercom and trying to kick the door in during the early hours (she was arrested). As soon as we invited the LL round to come and stay on a Friday night to see what we had to put up with from Friday through to Monday and the thought that we would withhold our rent then he actually did something....he evicted the horrid little man.

Our landlord paints the communal areas in each block at least once a year, everytime a tenant leaves the flat gets a thorough makeover. His rents are reasonable and his staff are friendly. I have seen him forcibly evict someone before and that wasnt very pleasant but on the whole he is a jolly good chap.:D

but did he do something because he saw what you had to put up with or was it the threat of not getting his rent?