I’ve been a landlord for twenty years . I’ve always kept my properties in good condition and dealt with repairs immediately and charged fair rents. I’ve only ever evicted tenants because of anti - social behaviour or rent arrears. The Labour version of the Renters Reform Bill will make things worse for tenants. Decent landlords have had enough and will be selling up left right and centre. 4 days ago I served 25 section 21 notices before the Labour government bans them. If those tenants can find somewhere to rent they will be paying a lot higher rent than I was charging and rents will continue to rise as supply gets less and less as more and more landlords sell up.
Hi 👋 what's the actual reason for issuing the section 21 notices now on your 25? Other than the fact we won't be able to do it soon? Are you selling up? Or to replace the tenants with higher rents?
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm all for the government building more social houses, but when they push that burden on to the average property developer all it means is that even less housing will be built. Labour need to be mindful of that, otherwise they have no chance of hitting any targets and rents will jump up even faster.
To add to this, their best start would be to stop right to buy on Council houses. Too many people like Angela Rayner who have been taking advantage of the benefit, whilst not actually living in the property.
Social housing is desperately needed. I know a few friends, one homeless (who does work full time but can't afford private rent) one who's had a family and trying to upscale to a 3 bed, but no private landlord would take them as they don't quite earn enough, and refuse universal credit to top up (again, despite them both working and never being behind with their current private landlord). I'm having similar problems as well. It's a complete mess in my city and it's really expensive (listed one if the worst after London) and social housing has depleted every year with more than 20,000 people on the waiting list in my city atm.....and I can see first hand how there's less and less social housing every year. I would happily go private too but it's just way out my price range here atm 😬
Yes John, but nobody should be buying and selling properties as the same time as also letting them out. Do one or the other and don't treat tenants like worthless serfs with no human rights. Yes a lot of red tape is making it tough on landlords but my God it's a lot tougher for tenants in the current inflated market. Section 21 is a disgrace - I know several families that have been served eviction notices multiple times within short periods (3 times in just over a year in one case) - just think what that means in terms or stress, removal costs, keeping your job, children losing school places....
Why do you think that is? Maybe because of fear of anti-landlord legislation forthcoming! Is it not a human right to be able to regain access to one's own property?
@@johnporcella2375 Property is not an absolute right. You have a right to the things necessary for your survival - not to things necessary for other people's survival. Perhaps you need a course in ethics.
@@kubhlaikhan2015 Having access to one's own legitimately acquired property is a right if the income from it helps with survival, by, say selling it on.
@@johnporcella2375 There are no *absolute* rights. Why? because one person's freedoms are always another person's enslavement. We do not allow slavery in this country and haven't for 1000 years - so why do you expect your tenants to have no rights and to work only to enrich you instead of themselves? This is a long established tenet of British constitutional law and is also why you can never *own* the land in this country - only a freehold lease to make use of it - within constraints that are required to protect society.
Be a caring landlord or don't be a landlord. Maintain the property properly and treat people decently and you will have a reasonable income for decades to come. If you've bought property to let with borrowed money you are a fool. If you've bought it to speculate on property price rises you are out of luck too.
@@kubhlaikhan2015 Everyone uses borrowed money to buy BTL properties, it's called a mortgage. And property prices go UP over time, any drops are only ever short term, so as long as you're holding for the medium to long term then you're fine. I agree with your earlier points, but your latter ones are absolutely wrong.
@@marklewis3023 Buying to let is not a problem. Borrowing to buy to let most definitely is. It means you are taking on a debt and getting someone else to pay it back for you and then asking them to give you a profit on top even you end up owning everything and them nothing. How in God's name is that either morally acceptable or ever going to be good for the economy and society at large? As for property prices - they can't very well go up when people can't afford to buy them any more. It's obvious that asking rents that are unaffordable to most customers is an extraordinarily bad business model. Same goes for house-building and development - where I live there are scores of new builds standing empty because despite the lowering of standards and space, local people still can't afford to live in them. Expecting a cooked goose to keep laying golden eggs is just naive.
@@kubhlaikhan2015 How many people take on debt in order to start a business? How many of those then expect their customers to pay them money so that they can service that debt AND make a profit? The answer is basically 99% of businesses will do that and provide either a product or service, housing is no different so to think otherwise is naive. If you look at the history of house prices they ALWAYS trend upwards, you won't buy a house now and in 20 years it will be worth less (unless you burn it down). Like it or not rents also always trend upwards, it's supply & demand - yes there is a ceiling on affordability and the market will adjust to that accordingly. House building and buying/selling is not the market to be in right now, there is lots of fear and uncertainty with interest rates & house prices so people are sitting on their hands. All that means is there is more opportunity now for those who are willing to take risks.
@@marklewis3023 Inserting yourself as a middle man without adding value is not a business it's a scam. Housing is a human right not a free market - children's lives depend on a secure home. There is no commodity whose price naturally trends ever up and most house price inflation is literally *inflation* ie. an illusory gain of value due to the destruction of the currency as a result of printing debt into existence. Debt is slavery and ends with the destruction of social relations.
@@derekathomson mind you they do want to make it so that food etc also doesn't have to be fit for human consumption. yeah people can live on the streets. mind youthere is kinda of a queue for that these days, you know with the housing crisis.
I’ve been a landlord for twenty years . I’ve always kept my properties in good condition and dealt with repairs immediately and charged fair rents. I’ve only ever evicted tenants because of anti - social behaviour or rent arrears. The Labour version of the Renters Reform Bill will make things worse for tenants. Decent landlords have had enough and will be selling up left right and centre. 4 days ago I served 25 section 21 notices before the Labour government bans them. If those tenants can find somewhere to rent they will be paying a lot higher rent than I was charging and rents will continue to rise as supply gets less and less as more and more landlords sell up.
Hi 👋 what's the actual reason for issuing the section 21 notices now on your 25? Other than the fact we won't be able to do it soon? Are you selling up? Or to replace the tenants with higher rents?
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
I'm all for the government building more social houses, but when they push that burden on to the average property developer all it means is that even less housing will be built. Labour need to be mindful of that, otherwise they have no chance of hitting any targets and rents will jump up even faster.
To add to this, their best start would be to stop right to buy on Council houses. Too many people like Angela Rayner who have been taking advantage of the benefit, whilst not actually living in the property.
@@marklewis3023If they are not living in it, then somebody else is, so not an issue.
Great video John. Thank you for all this information.
Scary and uncertain time ahead for landlords and tenants.
Thank you John, your information is very thorough
I’ve been told if a rent cap comes in I will have to put my rents up, because I haven’t put any rents up for a long time the tenants can’t afford it,
You need new tenants.
I've just subscribed' very good and well presented. Thank you for the update on the landlord's position with things from a novice landlord of 14 yrs.
Social housing is desperately needed. I know a few friends, one homeless (who does work full time but can't afford private rent) one who's had a family and trying to upscale to a 3 bed, but no private landlord would take them as they don't quite earn enough, and refuse universal credit to top up (again, despite them both working and never being behind with their current private landlord). I'm having similar problems as well. It's a complete mess in my city and it's really expensive (listed one if the worst after London) and social housing has depleted every year with more than 20,000 people on the waiting list in my city atm.....and I can see first hand how there's less and less social housing every year. I would happily go private too but it's just way out my price range here atm 😬
An interesting, if not pessimistic take on the future of the industry.
new video coming next week when we know more, hopefully a positive outlook!
Good video lots of info,thanks
Yes John, but nobody should be buying and selling properties as the same time as also letting them out. Do one or the other and don't treat tenants like worthless serfs with no human rights. Yes a lot of red tape is making it tough on landlords but my God it's a lot tougher for tenants in the current inflated market. Section 21 is a disgrace - I know several families that have been served eviction notices multiple times within short periods (3 times in just over a year in one case) - just think what that means in terms or stress, removal costs, keeping your job, children losing school places....
Why do you think that is? Maybe because of fear of anti-landlord legislation forthcoming!
Is it not a human right to be able to regain access to one's own property?
@@johnporcella2375 Property is not an absolute right. You have a right to the things necessary for your survival - not to things necessary for other people's survival. Perhaps you need a course in ethics.
@@kubhlaikhan2015 Having access to one's own legitimately acquired property is a right if the income from it helps with survival, by, say selling it on.
@@johnporcella2375 There are no *absolute* rights. Why? because one person's freedoms are always another person's enslavement. We do not allow slavery in this country and haven't for 1000 years - so why do you expect your tenants to have no rights and to work only to enrich you instead of themselves? This is a long established tenet of British constitutional law and is also why you can never *own* the land in this country - only a freehold lease to make use of it - within constraints that are required to protect society.
I bought my first rental property last week, I’m 23 it took a lot of my money. Sounds like you’re saying sell it
Be a caring landlord or don't be a landlord. Maintain the property properly and treat people decently and you will have a reasonable income for decades to come. If you've bought property to let with borrowed money you are a fool. If you've bought it to speculate on property price rises you are out of luck too.
@@kubhlaikhan2015 Everyone uses borrowed money to buy BTL properties, it's called a mortgage. And property prices go UP over time, any drops are only ever short term, so as long as you're holding for the medium to long term then you're fine. I agree with your earlier points, but your latter ones are absolutely wrong.
@@marklewis3023 Buying to let is not a problem. Borrowing to buy to let most definitely is. It means you are taking on a debt and getting someone else to pay it back for you and then asking them to give you a profit on top even you end up owning everything and them nothing. How in God's name is that either morally acceptable or ever going to be good for the economy and society at large? As for property prices - they can't very well go up when people can't afford to buy them any more. It's obvious that asking rents that are unaffordable to most customers is an extraordinarily bad business model. Same goes for house-building and development - where I live there are scores of new builds standing empty because despite the lowering of standards and space, local people still can't afford to live in them. Expecting a cooked goose to keep laying golden eggs is just naive.
@@kubhlaikhan2015 How many people take on debt in order to start a business? How many of those then expect their customers to pay them money so that they can service that debt AND make a profit? The answer is basically 99% of businesses will do that and provide either a product or service, housing is no different so to think otherwise is naive. If you look at the history of house prices they ALWAYS trend upwards, you won't buy a house now and in 20 years it will be worth less (unless you burn it down). Like it or not rents also always trend upwards, it's supply & demand - yes there is a ceiling on affordability and the market will adjust to that accordingly. House building and buying/selling is not the market to be in right now, there is lots of fear and uncertainty with interest rates & house prices so people are sitting on their hands. All that means is there is more opportunity now for those who are willing to take risks.
@@marklewis3023 Inserting yourself as a middle man without adding value is not a business it's a scam. Housing is a human right not a free market - children's lives depend on a secure home. There is no commodity whose price naturally trends ever up and most house price inflation is literally *inflation* ie. an illusory gain of value due to the destruction of the currency as a result of printing debt into existence. Debt is slavery and ends with the destruction of social relations.
Being a landlord is a mugs game
if its gonna be this bad are you selling all you investment properties
it might mean that your property will need to be fit for human habitation.
If it's not fit for human habitation, then nobody has to live in it, right? They can choose to go elsewhere.
@@derekathomson mind you they do want to make it so that food etc also doesn't have to be fit for human consumption.
yeah people can live on the streets. mind youthere is kinda of a queue for that these days, you know with the housing crisis.