well, as a LLD operating since 1983, but who has sold up most of properties in readiness for new (scary) legislation (and will admit retirement, although if things were looking ok for LLDS I would have passed it all on to sprogs, no way can I happily lumber them with what is out there -so anotheer “good guy” has dropped out, we kindly included quite a few “social tenants” that have now had to move on, and it ‘aint easy for them to find decent, normal surroundings to live in -with kindly/responsive/fair LLD) (sorry for long windedness here) .’SO to the decision makers out there, that consider landlording an investment, not a business (probably you dear little guys sitting in nice offices with prospect of comfy conditions, fat pensions ( I AM REFERRING HERE TO CIVIL SERVANTS THAT ARE RESPONSIBLE FOR NOT MUCH APART FROM TELLING US HOW MUCH TAX TO PAY) never get called out on a Sunday 10pm when tenants get home from week-end away, and notice a tap was left on - oops / heating aint working/flat roof allowed water in, there is a smashed window from break-in, and if a tenant doesn’t pay their rent (or taxpayer/scrounger witholds monies somehow) you lot won’ t take a hit in your income
Oh and I will add to every one of my posts (I don’t do many you may be pleased to hear), all this stuff about damp/condensation, that leads to the LLD being guilty/responsible for mould. Personally as a home owner, I have a karcher (or multiple clean cloths will suffice, Clear the moisture we all get on windows/sills. You then won’t gather loads of black mould, although wait up, let it build up folks, you can then demand a LLD “sorts it” (at least comes and cleans up after you), failing that my darlings, you may demand loads of rent back, if the clearing up isn’t successful (i have seen on this site, some poor victims suffering from this new scam, the tnts wouldn’ t give them access to the home, great ploy, let the mould build up (instead of tnt having to wipe up), and heigh ho, some “COMPO” yay, which will cover 5 yrs of renting
well, most pple I know, don’t think their offspring are there to look after them in old age, for a start. That idea is many societies (Western world) is right out of the window, just loiters where the daughters end up on guilt trip of course (often with those cultures where the daughters get killed if they don’t fit in with the hopes/expectations of that particular culture.)
Property118 thread link I said I would share : Just to share other landlords’ perspectives.
This one comment on Page 2 is funny, well made, but worrisome. Hard to counter his argument tho. I quote below :
no I would not accept this person as a tenant. In the last few years I have only accepted tenants who have a very strong motive to be good tenants. The strongest motive of all is that they are saving a deposit to buy a house and will need an unblemished record to get a mortgage. Your friend has no real motive to be a good tenant. What is the worst that could happen to him if he does not pay the rent or even if he damages the property? In practice the worst is loss of his deposit, that’s all. If his record is tarnished he can buy a house or flat for cash.
@Nightwatchman there will certainly be reckless rich people who don’t take care of things and think they can always buy their way out of trouble. But if such a tenant causes more damage (beyond wear n tear) than the security deposit and LL has evidence (inventory, photos from inspections move in/out reports etc) they can be sued in small claims court just like any other tenant. For a rich tenant it is more likely they will be able to settle or pay up.
And a LL can take account of additional risks by setting a premium rent and/or getting landlord insurance options for cover for malicious damage by tenants and accidental damage by tenant.
Although not possible to require (due to tenancy fees act), a LL can also request that tenant takes out full insurance themselves too (just like they can be asked to take out pet insurance if they have pets)
LL can also provide entirely unfurnished so there is the least possible to be damaged, and carry out regular inspections (or have these done by an inventory clerk) to mitigate risks