I want my non paying tenant to have a CCJ

motorman99

well, biking, you are a home owner.
let’s say you bought 15 years ago for £250k and it’s now worth £450k
and you’re going into a retirement apartment for £300k

would you therefore sell your house for £350k so that you’ve just about got your flat and a few quid over and can manage or will you sell it for £450k and be a ‘profiteer’

Do tell, because if you’d sell it for £450k (you would) then that’s either absolutely blatant profiteering to the tune of £100k OR it’s actually getting the right money for something. 

You might say, well, the house market for selling has gone up everywhere, so you’d ‘need’ the full money.

but so has the rental market gone up. 

Sorry, but you’re misguided. Everyone, everywhere, every time, tried to get at or close to the true value of something when they sell it.

and the op IS selling…..he’s selling the right to live in his house for a year at a time (%or whatever) in exchange for money.  That’s selling.

you’d do the same, and if you didn’t, you’d get no where fast once the repair bills, non payment etc start landing in your postbox.

and indeed the op should get a ccj against the tenant. If it stops him being a non payer to a new landlord then that’s all to the good…..unless of course you’d care to rent a room to him

motorman99

It makes no difference whether you ‘need’ the extra money or not.

do you think tescos actually think ‘what’s the cheapest we can sell xyz for?’  No it’s the other way….the ask what’s the most we can charge for this.

And it’s not about maximising individual prices, in that you are correct. Any business succeeds thru repeat business, I’ve had two myself, and retired early by knowing this.

but you can’t repeatedly sell something worth £5 for £4. 

Once in a while, yes, and make it up on another product if possible.

business is about profit at the end of the day. No profit equals no business, eventually, every time. 

Exodi

BikingBud said:

It's not hindsight it's basic commercial nous.

You say things like this as if you're an authority on the matter, though I completely disagree, it is hindsight. Gazing down your retrospectoscope will certainly confirm that it looks to be a short-term mistake (through no fault of the landlord, might I add - as it is the tenants decision to withhold all rent), but committing to below market rates indefinitely is not "basic commercial nous".

BikingBud said:

Unsure if this is pointed at me but I would suggest that many businesses, especially local butchers (extra couple of sausages or some extra mince) and bakers (never heard of the bakers dozen) would frequently consider these an investment to ensure repeat custom.

Large supermarkets and many other businesses frequently have BOGOF offers and mainstream motor dealers, as well as back streets will offer deals on car finance. The whole perspective is to ensure continued sales, long term cash flow, not maximise individual prices. It's called business. 

There you go again, it's quite dangerous trying to portray that you know anything about business.

Companies will always keep to maximise the amount they can charge, with their prices kept honest by competition. Your obsession with cashflow is a tad strange - too many online videos with the mantra 'cashflow is king!' I expect. If all the other comparable rentals are £850, and the landlord negotiates an increase from £550 to £650, then they clearly remain competitive. For what it's worth, as a sales director, I would have increased it to the market rate years ago - clearly 'doing a favour' for the tenant has been worth nothing.

BikingBud said:

So a happy tenant paying up regularly and keeping the property occupied has been forced out by a greedy landlord who now spitefully wishes to ruin the tenant's life by ensuring they get a CCJ.

I'm not sure why you're so unapologetic for the tenant. The 'happy' tenant is paying ZERO rent to the 'greedy' landlord (unless that's why you mean he's happy?) who was and would continue to charge below market rates. The tenant would be ruining his own life by getting a CCJ - and we all know a court would side with the landlord every day of the week in awarding one.

You also constantly contradict yourself, you call others out with "Don't try and muddy the waters with hypothetical scenarios" but have no issue adding creative spins to facilitate your narrative for the tenant:

BikingBud said:

We also have no indication of the state of the property, kitchen, bathroom, carpets, windows, boiler and energy efficiency only the OP's expectation that it is worth more!

Since when has it been the position of forum posters on MSE to call out posters with 'Well I don't believe you, I think this is what really happened?'. We go by the information we are given, you can't just add your own narrative, presumably the OP has checked what other comparables are selling for, you can't just assume he's wrong.

Lastly, another captain hindsight comment. As you seem so apt at predicting things, any chance of tonights lottery numbers? Or should we expect them from you tomorrow.

BikingBud said:

In an attempt to get an extra £100 pcm the OP now appears to be ~£10k down how is that good value? And will satisfying his spite get him any of that cash back?

The Landlord is thousands of pounds down because of the tenant refusing to pay any rent out of spite. Most tenants understand rent increases, especially after 5 years. The tenant throwing a full blown tantrum could not have been predicted (except by you, now) as most normal human beings don't.

The Landlord is not being spiteful, he's ensuring the next poor Landlord who happens to stumble upon this tenant isn't also stitched up to the tune of thousands of pounds.