Jump to content

CommonLaw

Members
  • Posts

    4
  • Joined

  • Last visited

Posts posted by CommonLaw

  1. On 5/18/2019 at 7:44 AM, Melboy said:

    I guess you are not alone with your thoughts Acura.  There are mixed messages on the reasons why landlords are quitting.

    I have been landlording since 1990 plus property developing as I go along.  I have actually bought 2 rental properties in the past year. Was this a wise thing to do?  Who knows.  I have very good tenants in place and I am happy with everything right now.

    I will always stick by my theory that investing in property long term will be a good decision in the long term.

    I was told once way back in 1970 that "the value of property doubles every 10 years and the value of money halves".  Probably not too far from the truth imo.

    Perhaps the "shake out" of landlords right now are some who entered the market to make quick money? 

    I call them the "Dinner Party Landlord's".  :D

     

    I know a landlord sold portfolio 32 houses and took all money abroad, fed up of councils licking tenants backsides!

    Social housing crisis, more people renting than ever, and landlords selling up, recipe for chaos!!! The queen and her government couldn't organise a piss up in a brewery!

  2. I will Keep it simple

    Tenant left property owing 1.5months rent

    12months contract ends june 2020

    Tenant removed kitchin, bathroom units and white goods and even laminate floors and furniture, property is completely empty.

    Electric meter is £70 in debt and letters from electric company are addressed to occupier.

    Clearly they have left without notice and neighbours and  neighbouring landlord have witnessed property trashed, as they were given keys to fix a leak and keys returned to rogue tenant.

    Will be informing council residential officer of abandonment by tenant 

    Is the Tenancy agreement is still live?

    Tenant has not returned keys

    Would it be illegal eviction to change the locks or re let after 30 days?

    Have been advised by letting agent need repo order, courts making more profit from landlords purse affecting my health and family life, ruining my last 2 week's of life. Middle class family man, drinking daily as i cant handle the stress levels. Maybe i shouldn't be a landlord some of you may say, but I've worked hard all my life, it's extra income which i use to help homeless people and ever growing expenses for my children.

×
×
  • Create New...