The joy of being a landlord

JonRGV250 said:
Is it?
I haven’t and won’t put up the rent as long as my tenant looks after the place and is no trouble (she knows this).
She’s paying £150PM less than market rate currently.
So, do tell how I’m squeezing money out of her.
Click to expand...
Hobbyist landlords need not apply.
 
All the properties my family rent are well below market prices.

There are in the same area plenty greedy though that do charge above.
 
NVP said:
Profit squeezing? People seem to think landlords just bank the entire rent. The tax changes really impacted landlords, not much profit in this game when 40% goes straight to the taxman. Just spent 6 bills on some central heating issue this past week, the previous month it was over a grand repairing a leaky terrace. At the end of the year there really isn't much in comparison.
Click to expand...
We ignoring the massive capital growth whilst your investment returns a steady 3-6% whilst you sleep?
 
Both my properties are mortgage free, probably because I work hard and don’t spend my life on forums whinging and whining about life being so unfair.
Out of interest Gary, do rent or own your shell?
 
GaryTheSnail said:
I'm not having a go at landlords here
Click to expand...
Mate, you're one of the few posters on here that need to think before they post the first thing that pops into their brain.

GaryTheSnail said:
All you landlords - if your not in it for a profit let people on here rent for for free (As long as they pay for repairs e.t.c). ;)
Click to expand...

GaryTheSnail said:
It's all about profit and squeezing the money out of renters.
Click to expand...

GaryTheSnail said:
Come on then landlords. Give us all a breakdown. [snip more nonsense]
Click to expand...

You just appear to have a problem with people making money, or with landlords making money, without any real reason as to why? Jealousy? Idiocy? Ignorance?
 
dLockers said:
We ignoring the massive capital growth whilst your investment returns a steady 3-6% whilst you sleep?
Click to expand...
You ignoring the post where I stated I bought properties as my pension? So no, not ignoring my investment. Literally stated it :rolleyes:
 
GaryTheSnail said:
Come on then landlords. Give us all a breakdown.

Tell us how many properties you have?
How much did you mortgage them for?
How much your mortgage payments are?
.. and how much the renters are paying?

Lets put some figures into the light.
Click to expand...

Many
Were bought outright through a business
Below market prices
 
Lets face it if people cant see the issue of usually older people hoarding all the housing stock and making it far more difficult for younger generations to get on the ladder then there isn't much hope. Those in power are all landlords anyway so expecting them to derail their own gravy train is unlikely. Many landlords seem to be stuck with a 1980s mindset about housing costs and the ratio to income these days, if all those youngsters just stopped buying coffee and avocado ey?
 
200sols said:
Lets face it if people cant see the issue of usually older people hoarding all the housing stock and making it far more difficult for younger generations to get on the ladder then there isn't much hope. Those in power are all landlords anyway so expecting them to derail their own gravy train is unlikely. Many landlords seem to be stuck with a 1980s mindset about housing costs and the ratio to income these days, if all those youngsters just stopped buying coffee and avocado ey?
Click to expand...

Personally I just see a fundamental issue of people profiteering from a basic necessity. They do too, which is why they're being so cagey about numbers.
 
NVP said:
Farmers give you their milk and produce for free, yeh?
Click to expand...
The price of milk has been kept artificially low for many years now, bad choice of argument. The issue isn't landlording per se, its the UK system of sucking all the wealth into the hands of a few. Honestly I just think it has gone too far with regards to housing.
 
Last edited:
NVP said:
Farmers give you their milk and produce for free, yeh?
Click to expand...

Farmers generally don't make much on milk, and you aren't just paying for the product, you're paying for their labour. Simply owning cows doesn't generate income.
 
Last edited:
200sols said:
The price of milk has been kept artificially low for many years now, bad choice of argument. The issue isn't landlording per se, its the UK system of sucking all the wealth into the hands of a few. Honestly I just think it has gone too far with regards to housing.
Click to expand...

Yeh but this is just nonsense, if you class landlords in the same category as the wealthy elite then you're quite confused buddy.
 
NVP said:
How do you think people bought those cows? ...with profit, yes?
Click to expand...

Actually they're usually bought with debt, which is then paid off with the sale of the product produced via labour. The labour generates the capital, not the act of owning the cow, unlike owning a house.

200sols said:
You'd be surprised how little you need to be in the top 5% of this country.
Click to expand...

Like that Northern bloke on question time who was earning £85k+ a year and thought he was in the bottom 50%? Lol.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom