How many Land Lords are really legit ?

Prothet_of_Doom

BitterAndTwisted wrote: »

Why would someone want to behave like such a smart-@rse about someone's private business that has nothing to do with them, their colleague or their work? I don't get it.

Because he is advertising on a kitchen message board,

and I thought he was a friend,

and we share a reasonable level of low level banter,

(he takes the mikey about my car choices and lack of exercise, and the small but stressfull issues I've had with the HMRC...accountant failed to send in my accounts on time, and I take the mikey out of him living with his parents, his doomed to failure romantic optimism, and his car choices)

and having read the post in the link on here, and because I've procrastinated about investing in a BTL myself,

and have been shocked by some of the experiences that "amateurs" have had to endure,

I thought I'd share my concerns.

I should however have kept my mouth shut...that is for certain. :T

Prothet_of_Doom

I've read all the posts, and it's clear that my procrastination was a good thing. It would seem that whilst you can be very cautious in who you rent to, and do everything by the book, it can still be very stressful.

Pixie5740

tumbledowngirl wrote: »

Absolutely!
Naively, I thought I'd enjoy doing something "hands on" with the money...have now learnt a hard lesson. Thankfully, we invested the rest in less stressful ways.

I've looked at BTL as a potential way of investing my money but there really ain't nowt as queer as folk so I decided to consider other options instead.

tumbledowngirl

Prothet_of_Doom wrote: »

I've read all the posts, and it's clear that my procrastination was a good thing. It would seem that whilst you can be very cautious in who you rent to, and do everything by the book, it can still be very stressful.

I'm not sure if being a landlord is less stressful if your BTL is anything other than a 2 bed semi starter home?
I'd like to think that it is slightly improved if you're renting a nice family home to a middle aged couple with teenagers...but you can never account for the quirks of human nature!

ognum

I know many amateur LLs and I am actually shocked at how little they do know.

I am currently buying a flat where the LL had not protected the deposit and new nothing of tenant rights and law.

I have several friend a who have one flat who just mess about at it in their own way and are surprised when things go wrong.

Every tenant deserves a good LL.

tumbledowngirl

ognum wrote: »

I know many amateur LLs and I am actually shocked at how little they do know.

I am currently buying a flat where the LL had not protected the deposit and new nothing of tenant rights and law.

I have several friend a who have one flat who just mess about at it in their own way and are surprised when things go wrong.

Every tenant deserves a good LL.

Or maybe, every good tenant deserves a good landlord? Until renting is seen as a 2 way street, with both parties equally committed to their responsibilities, I don't see anything changing, sadly.

Carl31

Depends how you define legit, There are many people that set out to build a portfolio and create a genuine business - they are legit

There are others that want 'people to buy them a house' - are they legit landlords? they leave management up to an agent, and do not have contact with their customers. If they are like ours, they provide the lowest possible cost service so they are not out of pocket. I have no problems with that as we maintain our house ourselves on the whole, but I imagine ours are the types trying to make an easy buck

justjohn

there are more iffy tenants then landlords. Many tenants take the pee.

I don't rent out to anyone. always do a background check. Facebooks a wonderfull thing. All those nice photo's of prospective tenants current house's. You get a good idea of a tenants attitude and lifestyle from FB.

I would rather have no tenants than bad tenants.

paddy's_mum

Prothet_of_Doom wrote: »

Because he is advertising on a kitchen message board,

and I thought he was a friend,

and we share a reasonable level of low level banter,

I thought I'd share my concerns.

When you can see someone you like about to make a huge mistake in an area you are fairly knowledgeable about, it is almost human nature to try to help, even if with hindsight you can see that it could be misinterpreted.

Which of us could prevent ourselves shouting "look out!" when we see someone about to walk blindly into danger?

Maureen Lipman perfectly describes (in my opinion) PoD's actions when she said "I go round meaning well like anything...". Well done, PoD - better to try to prevent a disaster than stand back waiting to pick up the pieces and mop up the tears. :T

fishpond

tumbledowngirl wrote: »

Absolutely!
Naively, I thought I'd enjoy doing something "hands on" with the money...have now learnt a hard lesson. Thankfully, we invested the rest in less stressful ways.

Give us a clue then.