Rents rising again....

HAMISH_MCTAVISH

JonnyBravo wrote: »

and at the same rent as the last tenants!

You'll be applying for the "Landlord Humanitarian of the Year" award next.

chucky

JonnyBravo wrote: »

Percy, you'll be pleased to hear my new tenants are now in.... and at the same rent as the last tenants!

Greedy, just pure greed.

Percy1983

JonnyBravo wrote: »

Percy, you'll be pleased to hear my new tenants are now in.... and at the same rent as the last tenants!

Glad to hear it, I assume you didn't price jack your previous tenants either as that statement would be void if so.

Nice to know you are one of the better landlords out there.

JonnyBravo

Percy1983 wrote: »

Glad to hear it, I assume you didn't price jack your previous tenants either as that statement would be void if so.

Nice to know you are one of the better landlords out there.

Oh...... sorry to disappoint.
The price went up for the last tenants yes. Over 15% to put it more in line with market rents.


Still no comment about selling your house for less than the market rate to help "fund the market"?
Can't imagine why.

nollag2006

Percy1983 wrote: »

Glad to hear it, I assume you didn't price jack your previous tenants either as that statement would be void if so.

Nice to know you are one of the better landlords out there.

What would you know about landlords, given that you lived with you mummy until well into your thirties and are on the record here as repeatedly referring to tenants as "losers"

Pathetic

Percy1983

JonnyBravo wrote: »

Oh...... sorry to disappoint.
The price went up for the last tenants yes. Over 15% to put it more in line with market rents.


Still no comment about selling your house for less than the market rate to help "fund the market"?
Can't imagine why.

Oh right, I guess that was to cover the 15% increase in your costs and nothing to do with milking a family for your own greed?

Here is a question, yes the 'markets' push the average price up for many reasons.

What made you put your prices up?

I am sure I answered the question on selling my house, anyway here it is again, I will sell at the market rate as I will have to buy another one at the market rate. I can't see how that relates to how much a landlord squeezes their tenants? please do explain the link?

nollag2006 wrote: »

What would you know about landlords, given that you lived with you mummy until well into your thirties and are on the record here as repeatedly referring to tenants as "losers"

Pathetic

Errmmm, I am 28 and typing this from the comfort of my own home... (in my man room as its known :rotfl:)

As for the tenants being losers comment that was outside the context it was meant, but hey if its all you have got carry on.

Come to think of it you are showing many of the signs of my many times banned jealous stalker... just a thought.

JonnyBravo

Percy1983 wrote: »

Oh right, I guess that was to cover the 15% increase in your costs and nothing to do with milking a family for your own greed?

Here is a question, yes the 'markets' push the average price up for many reasons.

What made you put your prices up?

Entirely right. I put up the rent because I could.
It had gone up only 3% in 5 years previously due to a long term tenant. When I needed a new tenant I moved the rent closer to the market average. There is little point keeping rent low to reward a new tenant to the same tune as a reliable long standing one.
It's just part of what makes business sense to me.

Percy1983 wrote: »

I am sure I answered the question on selling my house, anyway here it is again, I will sell at the market rate as I will have to buy another one at the market rate. I can't see how that relates to how much a landlord squeezes their tenants? please do explain the link?

It's all explained previously on this link. Post #55.
You still haven't explained why you refuse to "fund the market" yet you expect me to?
Is it beyond you?

Percy1983

JonnyBravo wrote: »

Entirely right. I put up the rent because I could.
It had gone up only 3% in 5 years previously due to a long term tenant. When I needed a new tenant I moved the rent closer to the market average. There is little point keeping rent low to reward a new tenant to the same tune as a reliable long standing one.
It's just part of what makes business sense to me.



It's all explained previously on this link. Post #55.
You still haven't explained why you refuse to "fund the market" yet you expect me to?
Is it beyond you?

Ok here is a good way of putting it.

You renting below the average will do society good as will me selling below market rate.

There is a big difference however:

If I sell below market rate I make a loss as the house I would then need to buy wouldn't be discounted.

If you charge less rent you make a lessor profit but still a profit.

Explain how that is incorrect please.

JonnyBravo

Percy1983 wrote: »

Ok here is a good way of putting it.

You renting below the average will do society good as will me selling below market rate.

There is a big difference however:

If I sell below market rate I make a loss as the house I would then need to buy wouldn't be discounted.

If you charge less rent you make a lessor profit but still a profit.

Explain how that is incorrect please.

No, you'd still make a profit on what you bought it for.
You'd need to find a bit of extra money to buy the next house, but you wouldn't make a loss.
You'd be putting money into the market for the good of the people, just a I would be if I chose to reduce rents.
The only difference is you want someone else to take the hit, not you.
Selfish Percy, next you'll be wanting me to make a contribution to your bad debts from years past.

Oh and it's "lesser". Well you did ask that I point out where it was incorrect.

Percy1983

Ok so I sell my house tomorrow for £20k less than I bought it for then buy another one the same I have just lost £20k, or have I just made a profit?