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Look at the stat's it is an average of 2.8 weeks of void a year.
Anyway your argument shots itself in the foot. You say landlords can put up rent because they can evict tenants and just find new ones, yet your own experience is that you keep your rent lower than average to have full occupancy. It's a bit contradictory isn't it.
🙄
So my actual experience does not count? its not contradictory at all. Its common practice to do it and I have done it.
I like to be a good landlord. I like to have full occupancy so I let the flat at a reasonable cost. If you did the same you might have the same experience - no voids.
when in reality the rental market is saturated and its a bit of a tenants market,
Really?
[url= http://www.guardian.co.uk/money/2011/nov/08/rental-properties-snapped-up-record-time ]http://www.guardian.co.uk/money/2011/nov/08/rental-properties-snapped-up-record-time[/url]
[url= http://www.guardian.co.uk/money/2011/sep/16/rents-rise-record-amount-august ]http://www.guardian.co.uk/money/2011/sep/16/rents-rise-record-amount-august[/url]
[url= http://www.guardian.co.uk/money/2011/oct/13/families-unable-to-afford-rents ]http://www.guardian.co.uk/money/2011/oct/13/families-unable-to-afford-rents[/url]
you just said this
t took me 3 days to get new tenants in last time I wanted them. Its standard practice up here to increase rents at the end of the six months.
but then you said you have low voids because you have low rent, this is not an example of landlords putting up the rent and then finding it easy to get new tenants is it? And then you said it was standard practise to do that - so which is standard practise - rents up and easy finding of new tenants or low rents and easy finding of new tenants? Stop talking bollocks Teej, I want a discussion not an excuse for you to massage your ego. You can do better than this mate. Don't make me mention loss of respect...
Petard hoisted by yer own methinks.
edit: militant biker damn you..
My excuse is I only know about exeter - and a small corner of it, north of the river, east side, lots of rental property available here, not enough tenants, we are constantly having to raise our game to compete. I actually have no idea about the rest of the country.
Actually national stats like that pee me off as they don't reflect what happens here at all and are no bloody good as a guide for working out what to do next.
edit:
If you did the same you might have the same experience - no voids.
In my own properties I have never ever had a void for single day that wasn't intentional (ie for major refit etc).
try actually reading what I wrote toys. Its two different things - what I do and what standard practice is.
Its standard practice here to put up rents at the end of the 6 months. Its a landlords market so if a tenant does not like it they can be given notice and new tenants found easily.
What I personally do is let slightly below market rents so not only is it easy to find tenants but I can have a plentiful choice of tenants and I want to be a good and fair landlord.
I had a choice from around 10 different potential tenants in the first day I advertised it. The ones I chose it took me 2 days to check references and for them to come up with the cash. I was still getting enquiries weeks later.
yea I can read and so can everyone else.
Sorry, I didn't mean it as an attack. 😀edit: militant biker damn you..
My excuse is I only know about exeter - and a small corner of it, north of the river, east side, lots of rental property available here, not enough tenants, we are constantly having to raise our game to compete. I actually have no idea about the rest of the country.
Actually national stats like that pee me off as they don't reflect what happens here at all and are no bloody good as a guide for working out what to do next.
Yeah, national stats; London skews so many statistics that it's far from ideal.
I only know this as I've been reading up. I'm about to be a renter in the UK again (and a landlord to my brother) and I'm not sure what to expect. Last rented ~5 years ago. 😕
Sorry, I didn't mean it as an attack.
I call it being held to account.
If the rental market is going to get better round here that makes me much less miserable than usual. I shall refuse to believe it until I see it. I can only see gloom.
where will you be renting?
Anyone want an Edinburgh flat - my neighbours flat is vacant and for rent right now
geebus, problem is most tenants aren't in the position to put down six months rent and so buy a long term agreement, lettings agents seem actively against it as they have a nice earner by charging "admin" fees when they ask you to renew the agreement every six months, and some mortgage companies do specifically prevent it.
Oh as for rent increases, the way it was put to me by one agent was accept or move out, i moved out they were a crap agency far to much hassle. If i had refused to budge it is only going to end up in court and me having problems getting a new place.
i suppose i shouldn't be so harsh on landlords, i just wish they went in with eyes wide open. Problem is the pension industry in the UK is f***ed, savings are worth nothing, the stock exchange has yet to reach the level of Dec 1999. what is there left to invest in that will give some kind of return? Mind you i am not convinced housing is the best vehicle for savings, at some point something will give, rental levels, interest rates etc.
As for Agents, scum.
Teej did they put the rent up?
militant, those guardian articles are b**ks if you look they are based on very dodgy numbers and have been released by agencies, in the same way they talked the housing market up they are now trying to sc the rental market.
My neighbour - its a complex situation with the landlord overseas and an incompetent agent. Its never been let before. I am tempted to step in and get tenants for her
It would be good if we could somehow collate our 'real world experiences on this subject rather quoting 'the law'.
I'm not sure 'the law' always works quite as it should...
mrmo - I had noticed 2 were from letters, but 1 is from Shelter
Cambridge or Elytoys19
where will you be renting?
even shelter has an agenda, but the real problem is how you interpretate the numbers. National and local are very different things to look at, and london is the problem.
Anyone want an Edinburgh flat - my neighbours flat is vacant and for rent right now
i think you should state if it is next door to you or a property owned by your neighbour. 🙄
Hi all again.
Do i have any options to get my current tenants out quicker than the 2 months notice i have to give them??
I might have new tenants lined up already(one is a teacher) and they are desperate for a house in our area.
Although it is 'easier' to evict a tenant in these times I'd certainly not clasify the eviction process a 'whim'.
Regardless of what legal framework is in place there are going to be winners and losers in any given set of circumstances.
Serving a S21 or S8 notice can be done readily and easily but it's hardly a fast forward to being granted a possesion order by the Court.
Secondly neither notice is a 'notice to quit' to the tenant merely a notice that the landlord wishes to seek possesion. A landlord can only evict a tenant with a possesion order. Even if correct notice is served the tenant can still delay and frustrate Court proceedings if they understand the rules.
Ultimately though, there are far more bad tenants than bad landlords. Added to this a change in how we live our lives then it may well be time to review the Law. However, a reversion back to the 'old' system would be a step back.
Rento - get real advice. I think if they are in breach you only need give one months notice - however you need real lawyers advice from someone who knows the issues and the law.
Wahtever you do do not start harrassing them to get them out
If they owe 2-months rent then the 'fastest' legal method is a S8 notice. But this would become nullified if they paid up enough money to bring the debt down to below 2-months.
Regardless of the notice, you still need to go to Court after the notice has run to obtain a possesion order.
You could try buying them off but if they are trying to get into council housing they will probably refuse.
TJ, depends what you mean by 'breach'. Smoking in the house would not be held by the Court as an enforceable breach.
I echo the need to seek proper legal advice from a solicitor experienced with the L&TAct.
ETA; My posts relate to the property being in England or Wales.
I've always thought I'd like to keep our current house to rent out if and when we can afford to move, mainly as something to use towards a retirement pot. Having read this sort of thing more and more on here I'm not so sure anymore!
M6TTF, this is not meant to put you off,
If you intend to keep the property and let it out, do your homework, there are plenty of good tenants out their but their are also plenty of bad ones, speaking as a tenant never trust an agent, i doubt they treat landlords any better than they treat tenants.
Be aware that houses need repairs, you may be willing to live in a house for a few weeks if the boiler fails, as i tenant i would not be happy unless you can come up with a damn good reason. Can you cover the costs of void periods WHEN they happen.
Look at your local market, and i mean YOU look, do not accept the word of an agent as to how much it will let for. Can you cover the mortgage with the rent and save something to cover the inevitable?
And look at your mortgage, are you allowed to let the property on the current mortgage
I'd be remortgaging it for a suitable policy, and would certainly do my homework. Quite a lot of the neighbouring properties are let as they're ideal, being in town. Something to think about anyway!
M6TTF - what has put you off? I think it's a great idea, just do loads of research loads of maths and loads of hard work.
La propriété, c'est le vol!
The mods on here suck, they deleted my first post dismantling Steve Austins assertion that landlords evict people for a power trip. And a couple other of my posts, and the content of some of my psosts. Talk about lack of freedom of speech. I am holding the guy to account for giving what I think is misguided advice. You guys need to get a grip.
geebus, problem is most tenants aren't in the position to put down six months rent and so buy a long term agreement, lettings agents seem actively against it as they have a nice earner by charging "admin" fees when they ask you to renew the agreement every six months, and some mortgage companies do specifically prevent it.
Indeed - but then expecting landlords to make a big effort when the tenant doesn't, doesn't seem too reasonable.
The mods on here suck, they deleted my first post dismantling Steve Austins assertion that landlords evict people for a power trip. And a couple other of my posts, and the content of some of my psosts. Talk about lack of freedom of speech. I am holding the guy to account for giving what I think is misguided advice. You guys need to get a grip.
Then we're taking our ball away and closing the thread. Sorry, I'm sure that there was some quite useful stuff on here, but the amount of petty bickering going on has forced our hand.