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05/20/2011

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xxxx

Don't landlords have insurance in case things go wrong though?

Steve

I have been a landlord now for 25 years and have had some nightmare tenants. They move in, then after a couple of weeks the trouble starts. Constant loud music day and night, has my phone ringing at one in the morning from angry neighbors. Then the rent stops and finally after you have had the expense of going to court with an eviction you find your nicely decorated house totally wrecked. It is not all money in the bank believe me. If I get some good tenants I hang on to them like gold dust. There is no point in having a two month void with no rent , when with a little bit of cooperation you can keep the present ones.

Mark

I have been a private tenant in four different properties over a period of 20 years or so. I am of the continental view that renting is good.
I have always left a property better than when I moved into it, after all any improvements are for my benefit initially.
Here in Northern Ireland longer lets are quite normal and much cheaper than Britain. Example 4 bed detached with 2 bathrooms, 3 reception rooms and detached garage - £550 per month including rates of £83 per month(we don't have council tax). That's 30 miles/minutes from Belfast (the main employment conurbation)and 5 minutes from large shopping centre, schools etc.
I'm not tied to the property because of negative equity or it won't sell, I can move whenever I want and I don't have the overhead of running repairs and maintenance. I only need contents insurance, the landlord is obliged to insure the building. It's checked every year for electrical safety and the boiler gets serviced all at the landlords expense.

tina

Some landlords though dont value of good tenants.They fast forget how the house did looked before you move in, and when u want to move out they complain about things there were before u moved iN.
What Do u expect i decorate or paint walls...it is not my house.
I am paying rent for that u fix around everything what is broken.Sorry if wallpapers looked exact the same liked i moved in, were srached in one place,dont u expect me to replace all wallpapers for you my dear landlord!
U should thank for me that i replace bed which broke down while i lve in,
But no..u complain that is it is nor the same bed.I should listen to my friend,just leave that bed,and take my new out.
Landlords are so bad when they need to give your deposit back,they find a lot reasons not to do so.

tina

I am waiting time for the excange of the contracts..and i would be happy finally move in in my own house!
I so want to move out from the rented house..i hate to rent!
I want to change smth in the house which i rent, but i sit and think ..for what??I wont get paid money back from the lanlord,still be paying the same rent.
Lanlords shouls consider to do at least cosmetic decoration or fix problems within the house.

Could u imagine,when the heating broke..i wait almost month while he fix it,how many times need to tell..hey lanlord do smth about it..
And still the heating is not fixed for sure,still he need to spend some money to replace one detail more..
Guess what i hope i wont be here...

D

I have been renting for 5 years since I moved out of home. Unfortunately after living in a house for 2 years my previous landlord wanted to sell it so we were given our notice and now 2 years later in our current house the same thing may be happening again! It is expensive to keep having to move and inconvenient. I do envy the security of buying but in the current market we do not have a deposit and as half our wages go on rent and bills we don't have the opportunity to save anything either! The only way we will ever get on the property ladder is via inheritance which is a sad but true fact for many young people today

tina

maybe some people dont know that they could buy first home with the co-ownership, u even dont need a deposit

Mary

I'd like to know which Co-Ownership trust etc doesn't need a deposit .
I would love my own home and would cherish it dearly!
One of my wishes before I leave this mortal toil is my own large garden which I could plan and plant up!Then open it up on the Yellow pages for charity.
But because I am an older lady I could never be able to have a mortgage. Because of my age...Unless I won the lottery!!
Then my garden would become a reality!!But we can all have dreams and wishes.

Mary

Hi I must add that I do live inrented at the moment and have for the last three/four years. I look after my home really well.But it has been a very scary time with my landlord. They have such a hold over you that sometimes gives them a right to be rude and offensive towards you Or treat you a second class citizen.
I also would love to decorate my bedroom .One wall to make it pretty and special.
But not allowed to do this!! The plaster may come off the wall??
I keep this house really clean and tidy and especially the garden.
Which is hard landscaped.So only growing my beloved plants in pots and veggie boxes. Which I do.
But its not the same as having your own home.Feeling really secure.
That your not going to be thrown out etc. It's very scary and my nerves have become badly affected by my landlords attitude.
Never mind.I know there are worse things out there!
I do try to be optimistic.
But I would just love the security of my own home, for at least the rest of my life.
I am now a mature older lady.
Hopefully one day all you folk renting will have your dreams realised, I hope so.

Naphtalia

Hi! Naphtalia here. Thanks for all your comments.

Just today (Tues, May 31), Halifax released the results of a survey which found that two-thirds of young people believe they will never get on the property ladder.

While property website Rightmove says rental searches are up two-thirds compared to two years ago but available rental stock is down by a quarter.

So a boom time for landlords - not so good for tenants, however. Even more reason to more respect and tigher housing laws for privtae renters.

I watched a great Channel 4 documentary at the weekend about how the British came to view homeowning as a right.

Watch it here:
http://www.channel4.com/programmes/home-stories/4od#2930821

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  • I'm Naphtalia, the newest reporter on the Confused.com team. I'll be blogging about all things money and giving you my take on the latest industry news and views.

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