NewYorkie

Clearly, you self-manage, and your tenant's are fortunate that you have the time to devote to their needs. But many landlords use agents, and the situation you describe would be dealt with by them. I don't see why that would be any different with a BTR provider, or a large portfolio BTL landlord, for that matter.... Read More

Much of what Mark says is right, but I disagree that 'Much of the blame lies with government policies that have unintentionally pushed independent landlords out of the market...'. I believe Osborne's move with s24 was deliberately aimed at removing the smaller unincorporated landlord.
BTR is not aimed at the market currently occupied by BTL. It is targeting the move towards what I see as lifestyle renting. Those who prefer to rent until they can afford to buy, but want to be closer to work, good schools, and social life. They want higher quality accommodation in core cities, and onsite services e.g. gym, and can afford to pay higher rents. They don't care if their landlord is 'local' or corporate.
BTR may well be the new 'leasehold' which, after all, is still rental, and is an unregulated scam, ruining the lives of many who believed they were becoming home 'owners' through unaccountable and corrupt freeholders and managing agents, and uncapped service charges. At least BTR will be just as heavily regulated as BTL.
There will be many BTL landlords who will stay in the game, but I will invest my money in BTR.... Read More

Am I right in thinking tenants will get legal aid?... Read More

Without private landlords, tenants would have nowhere to live.

Mine was a feckless, drunken, drug user who created fear among his neighbours, anti-social behaviour, rent arrears, unpaid bills, damage, and downloaded child pornography. He cost me £20k+ and if he hadn't been evicted, the other tenants would have put him in hospital. He was probably treated very well by other inmates in prison!... Read More

I have experienced the situation you describe, and my mental health did suffer. I sold that property after eviction to achieve closure on that episode. But it did end my largely enjoyable and profitable 25 year landlord journey.

I'm now 'old' and retired, and concerns about health and dementia are rarely out of mind. It's why I want to be out of BTL next year. Unfortunately, renters will suffer, but they don't care about me and my health...

I will stay involved in the PRS, and I'm currently dipping a toe in BTR because I don't need the hassle of hands-on BTL. Going well... so far.... Read More

Most of the occupants of Grenfell should never have been living there, but no one was checking. Imagine a private landlord being allowed to get away with that.... Read More

I've seen a number of 'larger' landlords say they have incorporated to avoid CGT and IHT when passing down their rental business to children.

We have seen how farms will now be affected by IHT. Will rental businesses be affected the same way?

Or, am I talking nonsense?... Read More

'The country would be better without the PRS is, I’m afraid, the unpalatable truth.'

Please elaborate.... Read More

Idiot do-gooders like Bano don't work for free. Oh no! The taxpayer is stumping up for legal aid to pay their salaries.... Read More

It's in The Guardian! 🤣... Read More

Just got back to a letter saying the tenant would like to leave at the end of November [7 months early] because she can't afford the new rent. Bit her hand off. No hassle. No legal crap. No courts. No arrears. We can now re-let at the full market rent.... Read More

PRSR. Not a big corporate but good fundamentals.... Read More

... Read More

Angela Rayner. Oops, she was just letting her brother look after the place during the odd occasion she visited her family at a differ home; not her main one, of course.... Read More

What's wrong with the last 4 sentences?... Read More

"Do we carry on and hope this absolute shower of chancers, fantasists and commies get voted out at the earliest opportunity? Or do we join the masses leaving?"

That really is the question, isn't it.

I think there was some distant hope in the minds of landlords that Labour would heed the warnings, and the facts, and not make the situation any worse for renters than it currently is. But, they remain blinded by their ideological hatred of money-grabbing landlords or, they simply needed some more red meat to throw at the left of the Party, along with school fees and non-doms, both of which will actually cost them money.

Well, hope is not a strategy, and strategy is what landlords now need.

Yes, larger portfolio landlords will look to ride out the storm. But for how long; 5 years, more, less? They have such a majority, it could be 10! But the majority of renters rely on smaller landlords, and they are most vulnerable.

We don't need to do this [I'll be out next year], and even if we do believe there is a future for the PRS [which there is], it doesn't have to be in BTL. I've already started diversifying my investments, and my initial BTR punt is up 15% plus a 4% interim dividend over a few months. But if BTR no longer suits me, I can simply press a button and I'm out! Yes, I will now pay 18% CGT, but no more 'renters rights', no arrears while I wait a year for a court date, no EPC nonsense, no S24, no repairs and maintenance, no agents fees, no service charges and ground rents, no accountants fees, no extra 5% if I want to buy more... Nothing. Just passive investment while we visit the Galapagos next year.

That's the choice landlords have. Renters have no choice, and Labour has just made that choice worse.

Renters need to know the Party they've just voted for has made their lives so much worse. But never mind, they've got rid of the Tories. Power to the people!... Read More

I think this incompetent government believe if they keep the LHA low, and ban LLs refusing benefits tenants, LLs will be forced to reduce their rents accordingly.... Read More

Even more so with the additional
2% SDLT and increase in CGT. Why are they doing this?... Read More

I have retired and almost out of BTL. My BTR dabble over the past few months is up 15.85%. It seems to be where the influence and momentum is.... Read More

You make an excellent case for getting out of BTL and into BTR.... Read More