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Time to start whacking those rent prices up?

24567

Comments

  • SquatNow
    SquatNow Posts: 2,285 Forumite
    jebervic wrote: »
    so I'm looking forward to current tenancies ending so that I can get tenants in at increased prices

    Can you tell me when the tennant move out and give me the addresses.

    I might be able to find you some new people for them.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • Biggie
    Biggie Posts: 370 Forumite
    Part of the Furniture Combo Breaker
    dolce_vita wrote: »
    So during the rising market, you reduced the rent did you?

    yes I did actually.
  • budget_counsellor_shaz
    budget_counsellor_shaz Posts: 357 Forumite
    jebervic wrote: »
    I wouldn't say there is a glut of rentals in London and the South East, so I'm looking forward to current tenancies ending so that I can get tenants in at increased prices, with an influx of eastern europeans, rental properties are in short supply, they also make for good tenants.

    If you look on rightmove there are hundreds of properties to rent in London and in the south east:confused:
  • jebervic
    jebervic Posts: 861 Forumite
    SquatNow wrote: »
    Can you tell me when the tennant move out and give me the addresses.

    I might be able to find you some new people for them.

    Come the revolution brother, MSE's very own Citizen Smith
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    No revolution.... no guns anymore.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gorgeous_George wrote: »
    Just had a quick look on Rightmove.

    Within half a mile of my BTL there are 19 properties (i.e., 2 pages) including 'Let subject to contract'. When I have looked in the past there has been normally 5 pages (upto 50 properties). Two bed terraced houses are up from £350 to £425 over the last 12 months. My 4 bed BTL looks to be a bargain at £420.
    I suppose it depends where it is.
    Those rents look cheap.
    People here ask questions but never say "where" and as we know, location, location, location is very important.
  • jebervic
    jebervic Posts: 861 Forumite
    budget_counsellor_shaz wrote: »
    If you look on rightmove there are hundreds of properties to rent in London and in the south east:confused:

    Yes, but there is a population of over 7 million people in London, I really don't think its going to suffer from over supply. Anyway here in leafy Hertfordshire rental prices are already on the rise and my next property will be going up £75- £100 a month in a few time.
  • realwildone
    realwildone Posts: 144 Forumite
    yes I did actually.

    What an amateur. This credit crunch is currently looking for fools like you to destroy?
  • dolce_vita
    dolce_vita Posts: 1,031 Forumite
    Biggie wrote: »
    yes I did actually.


    What?

    are you saying that when you renewed a tenancy, the rent was lower than it was before?
    dolce vita's stock reply templates

    #1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

    #2. This time next year house prices in general will be lower than they are now

    #3. Cheap houses are a good thing not a bad thing
  • budget_counsellor_shaz
    budget_counsellor_shaz Posts: 357 Forumite
    jebervic wrote: »
    Yes, but there is a population of over 7 million people in London, I really don't think its going to suffer from over supply. Anyway here in leaft Hertfordshire rental prices are already on the rise and my next property will be going up £75- £100 a month in a few time.

    That will help you with your mortgage payments then............I hope for your sake it doesn't stay empty for too long:rolleyes:
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