Hardship fund for BTL LL's

DaddyBear

I donate 2 fingers.

Jonbvn

FungusFighter wrote: »

I mean honestly, can you imagine?

Definitely. You would no doubt accept payment in kind?;)

Jonbvn

Kohoutek wrote: »

What kind of person tries to exploit tenants that have recently had pay cuts and are trying to bring a baby?

BTL is a business not a charity???

dopester

Jonbvn wrote: »

BTL is a business not a charity???

For the moment there may be enough would-be tenants willing to pay the higher amount that landlord thinks they are worth. To keep the landlord sweet.

It's a risk in my opinion, and one the landlord from that post, and many of the landlords in that thread... are underestimating.

This renting couple with child on way won't be the only ones to be getting pay-cuts, losing jobs, getting fewer hours in many an area... yet the landlords there are mostly all banking, actually banking on new tenants always coming through willing and able to pay the increased rents they demand. With their annual increases are a rule - forever into the future.

We'll see. They might find the market require many a landlord to lower their rents, if they want tenants at all.

wageslave

Jonbvn wrote: »

BTL is a business not a charity???

It makes sound business sense to give good tenants a little leaway when they are experiencing difficulties.

The problem really lies with the fact that the majority of BTL landlords aren't generally businessmen/women.

They are rank amateurs with a little too much power over their tenants lives. Something they tend to either ignore or abuse.

abaxas

wageslave wrote: »

It makes sound business sense to give good tenants a little leaway when they are experiencing difficulties.

The problem really lies with the fact that the majority of BTL landlords aren't generally businessmen/women.

They are rank amateurs with a little too much power over their tenants lives. Something they tend to either ignore or abuse.

Exactly, most dont understand how business works. Cash flow is king, then you can make profit.

!!!!ing off a tennent is a good way to break your cash flow.

boomerangs

FungusFighter wrote: »

I'm starting one so send your donations to Midland Bank Worcester ac no 3845267 and I'll see it reaches the poor Boveys and Wilsons of this world:D

What an excellent idea. I'll certainly be donating. NOT!!

mystic_trev

FergusFighter wrote: »

I'm starting one so send your donations to Midland Bank Worcester ac no 3845267 and I'll see it reaches the poor Boveys and Wilsons of this world:D

I've done a little name change for you

Good to see you back - thought you'd been PPR'd !

CLAPTON

wageslave wrote: »

It makes sound business sense to give good tenants a little leaway when they are experiencing difficulties.

The problem really lies with the fact that the majority of BTL landlords aren't generally businessmen/women.

They are rank amateurs with a little too much power over their tenants lives. Something they tend to either ignore or abuse.

I an curious

is it council policy or housing trust policy or professional landlords policy to reduce the rent of people struggling to pay their rent?

or do they assume they will get state aid of one sort or another?

chucky

dopester wrote: »

There was something in that singingpig thread I wanted to raise with Chucky, and that graph of his, to get his thoughts about it.

the last update that I had seen was from Abaxas who posted it from the BBC where it was up and around 69% for mid 2009.

down to 67% is quite a drop. this can only be a good thing for rental demand.
i think that they are two different surveys though, so may use different criteria.

BTL is a business like any business.
like any business if you treat your customers badly they won't be coming back.
if you treat them well you have more chance that they return and they are happy.