The (Worst) Country To be a LANDLORD
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- čas přidán 27. 01. 2023
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Would you be a landlord in Ireland at the moment, is Ireland a good place to invest in real estate. Is now a good time to buy a rental property in Ireland.
40% of all sales in the last 3 months of 2022 were landlords selling up. Landlords will be extent in Ireland soon. Many might be happy with that and get their wish. be careful what you wish for.
But why is Ireland one of the worst places to be a small landlord in the world? Minus any communist countries where you are not allowed to own property.
How does it make sense that residential rents have increased 40/50% over the last 7 years but many landlords are selling up and getting out and claiming it is not worth it any more, and there is to much stigma being a landlord now. Their hated more than clampers. I am robing that in another comment from another video.
My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment; no formal advice has been provided.
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Great video again Shane, very level headed and informative. Providing crucial understandings of how the housing markets operate, I just wish more people would watch these videos and expand their understandings of how housing operations work instead of just spewing rage at surface level headlines and villainizing Landlords.
Thanks a mil for the feedback Elliot. Feel free to share the video
Hi Shane, very good channel Just came across it and found it very helpful
Thanks for the feedback John
Great video and you have been a great help .. enjoy your Sunday 💛💚
You too Sarah, thanks for the support
@@shaneflemingre 👍🏻💚💛
I'm a landlord that will sell this year also. Im Irish but based in Australia currently and would have preferred to refinance to use the equity to invest again in Ireland but no banks will offer refinance. Quite frustrating how restrictive it is for small private investors in Ireland compared internationally. Plus capital gains tax is a rip of in Ireland. For example in Australia you only pay tax on 50% of the gain if you have held an investment 12months or longer. The tax is then based on your overall income for the year rather than a flat 33% like in Ireland. Very frustrating country for small investors. If I ever move back I'll set up a small company to hold any investments to avail of the reduced ccgt incurred. Anyway I enjoy the content, thank you
That’s because the bubble is about to burst again
@jonathan Delaney Are you a landlord ,an investor or are you waiting on a house from Mary Lou ?
Thanks for the feedback. Good to know a few watch in Oz.
Also living in Australia. I have a house in Dublin which I never planned on selling, but like you I’m probably going to sell this year due to how unfriendly it is to rental providers.
15:58
@@shaneflemingre Shane can you do a video on ludicrous difference between what dairy farmers pay vs property owners in inheritance tax
Very interesting content. Thank you!
Glad you enjoyed it!
Great video shane, if this is the worst country to be a landlord in could you do a video what might be the best countries to be a landlord in please ?
Good question. US comes to mind with the write offs
Well said Shane. I have a number of landlords come to me to sell their properties. Overholding is a big issue in Ireland. Tenants who may be a year in arrears are left stay in the property yet the landlord is out of pocket. Eventually when they do leave the landlord is faced with a hiugh cost to put the property back in habitable condition.
Thanks a mil for the support. Yea so many agents reaching out and saying the same thing
I'm going to Overhold , am 7 years in property,landlord never increased rent . Sadly he died and passed on property to brother who never increased rent. Sadly he has also passed away. NOT received from solicitor stating a new man will want to move in for 3 years (highly unlikely as he already lives in a nice house ) Property was never registered with Rtb and threshold have pointed out errors on the NOT. I'm not gonna make it easy for this accidental landlord who already owns his own house to kick us out for his greed.
You could also try negotiating something out of it. If you were willing to move sooner.
Hey Shane great video and a lot of information there
Just some feedback, I think in making the content you can pick a point maybe have some text on the screen and finish explaining that point before moving to another point, as currently you talk about a lot of points at the same time and it can make the listener a bit confused
But thanks a lot in all this is really great
Thanks for the feedback. I am always looking to improve
I like your channel Shane, you give an argument and opinion seldom given in mainstream media. One question, you said rent fell by 40-50% in the rest of the world during covid. Can you provide a reference for this please? It is a fact I've never heard before
Hi Adrian, thanks for the feedback.
In terms of rents, referring to major city’s where everyone exited due to covid and work from home between 2020 and 2021. Rents in NYC fell massively, many other examples
I was thinking of investing in Ireland, but now I'm sure I'll just invest elsewhere in Europe. Perhaps Spain, perhaps France, Portugal turned me off because properties there are insanely expensive now and the minimum wage/average wage there is quite low, so it seems that there are better places to buy a property for the rental market (if you can come up with a good suggestion of a good place to invest in Europe, I'm all ears).
After studying a bit about investing in property in Ireland I realised it was just insane to invest here. Too many taxes, too many regulations, too much bureaucracy. The whole property market in Ireland is chaotic for several years, even when it comes to new developments and I see no signs that things will get any better, quite the contrary, it only looks that they'll get worse.
If you are not based in ireland you might have a lower tax depending on where you are based.
Great Content. Thanks, Shane! I am wondering, at the moment, whether it is worth investing in property that has a retail store on the ground floor and accommodation upstairs? Does such type of property have a different tax structure in terms of rental income?
Hi Kasey, you will spread the risk with two different uses. But commercial leases are a lot different.
The retail unit should be attractive to many tenants.
The tax will be the same
I had a problem with getting a house back so I moved into the house myself saying my wife kicked me out everyone was gone in a month , I also walked around in underwear quite a lot , the other official methods are too annoyingps iam also 6ft4 and hairy it all helps
What would you have done if one of the tenants was gay and took a fancy to your big self ?
That's hilarious🤣😂 the hair was definitely a advantage 😂🤣👍👍
Ha ha
Is this joke or that legally allowed to go and stay with tenants? 😂😂😂
😂 don't forget to put Tattoo on
The mortgage is going through the roof . I was a former small time landlord for 5 years in Ireland. Hell nooooo I will not be a landlord again . Mortgage and taxes and rent cap is loss making investment. Its lunacy to expect landlord to manage and own property at a losses. Sorry the Irish government has screwed up
Would you be a landlord in Ireland at the moment?
No 😨 actually I think I'll withdraw my application to study in Ireland
I suppose it depends how much the property worth when you buy it initially. If you buy property relatively cheap in 2013 -2016 and only planning to let it now the first time then it’s quite profitable. However, as the new landlord with no great savings, I agree, there is too much barriers from the government which doesn’t make sense to be a landlord at all.
No. It's seems more reasonable to invest elsewhere in Europe. If you have tips of hot markets in Europe that are landlord friendly, it'd be quite interesting to hear about it.
Making videos about how to invest elsewhere in Europe, while living in Ireland would be a very interesting topic.
@@AlaKareem Ireland is a great place, it has its problems like everywhere but it really is a great place when don’t think about the politics
@@Igor-bw2tq if you bought us in 2013 for say €275k and worth €450k, and a rent cap is about to start, say you have 300k in equity. You have to ask can I sell and invest the 300k somewhere safer and less worth. That is the question you should ask not how much you bought it for.
Real life example from a rent pressure zone: landlord is renting out rooms rather than the property as a whole. Years ago he set rent really low and now even if one tenant moves out and he gets a new person in, he cannot increase the rent for that new tenant because RTB caps whole house's rent/not per room. As a result, he is renting rooms for €250/month while any new landlord in the area will charge that per week. Absolutely crazy.
It’s a flawed system and doesn’t work in favor of the renter either.
Hi Shane, thanks for comprehensible video!!. It sounds to me that becoming a small landlord is a mugs game in Ireland in todays climate. What exactly are the pros? I can really only see cons?. It all really sounds like a headache and you need to be committed for the long run to make it worth your while and this in my opinion is only achievable with good tenants. Are good tenants hard to come bye?
Interesting question Alan in the pros. There are pros, but it is a long term game. At the higher level there are structural that allow it to be more favourable, but hard for small landlords if just buying an asset and renting and not adding value somehow.
Generally tenants are good. More good than bad, but one bad one can lead you to a whole world of pain.
@@shaneflemingre what’s are key points to getting a good tenant in terms of the due diligence process? Any blind slights to avoid?
@@Al12Al1 You cant discriminate, but I believe you can tell a lot by meeting people face to face and having a normal chat, getting their landlord references and checking them.
I'm out. Too much hassle not with the tenants but with the government interference and high taxation and regulation. RPZ and RTB were the final straw. Shane mentions a net profit of €100 pm from his example. I can make that in 3 to 4 hours work in a not very qualified job.
I am hearing this from a lot of landlords
Hi Shane, would it mean that in the upcoming year, we would see a larger supply of houses and cheaper prices? Or everything would be bought up by big corporations?
Hey. Much of the landlord stock has been sold off already over the last 2 years. I don’t see supply improving this year.
Rent to ukraninas one room ant reset just sunbelt to other people
Great video Shane. My partner and I are thinking about investing in a property in Ireland but we´d like to know first what are the taxes for landlords based in other countries in Europe, our case probably Spain, do you know where could we look into this or would you recommend any website where to check this particular information? Thanks for all the content, it´s very useful.
Thanks for the support.
Generally it will be a flat rate of 20% for non residents but may have other taxes from home country as well
Great video and it's great to see decent Irish content creators! I'm curious though, you say landlords are leaving the market due to the rent caps, but then go on to say the rental caps aren't working and rents are still going up, so why are LLs leaving the market if rents are still going up through the roof?? 🤔🤔
Also you mention that you feel bad that renters have less options as the rental stock dries up, surely though that's a good thing because it creats more selling stock and means those same renters won't be STUCK renting anymore, as they will have increased buying options.
Personally I've been renting (against my will) for the last 10 years, and every other renter I know feels the same, no one I know *wants* to rent, they're doing it because house prices where out of control, but finally this year houses finally seem to be comming back to the market finally giving renters the chance to buy....
Thanks for the feedback, on the first point that is kind of the point in the video, rents are going up as supply dries ups as landlords are selling up, meaning the limited new units can charge more.
A country needs a functioning rental market. Not everyone can buy if they move job, college etc and renting is the best option. Even the IDA have said the rental market is impacting our economy. I am in favor of people owning their own home and in favor of individuals buying but as a country we need a functioning rental market so people can freely move around for college, work or even for family reasons. Not everyone wants to be locked into a mortgage.
I've been looking into buying a rental property in Ireland but have found that the numbers just don't add up. The high taxes and uncertainty around being able to evict a non-paying tenant mean there is too much risk of the investment ending up costing and not paying any income. Instead we are starting with a bit of rent-a-room scheme to see how we like it and will go from there. With renting a room in our house we have far more control and are capitalising on an existing asset without having to invest anything other than upkeep on the room and bathroom.
I agree James, ireland is not great for landlords at the moment. I have done a video on that house hacking
It’s the same in Spain where I live. Barcelona has introduced rental caps and the boss of Colliers has said that landlords are selling up resulting in less supply, increased demand and higher rents. The government in Spain has also pursued such an agenda and I don’t think they understand the repercussions of their actions. While a contraction of supply, a lack of new properties and an increasing population are key problems in many countries, it is also the case that many people are moving to exciting and dynamic new locations only to find themselves caught up in higher rents and cost of living. While I think it is admirable that individuals are looking for new avenues in life, many people are creating their own problems and impacting on the services and infrastructure in the areas in which they live.
I'm planning to buy an appartment in west ireland, because I'm planning to move their with my family. I'm not in a hurry. According to you what could be the best moment to buy? And a second question if you please (it's the same price I guess); if I have to wait, let say one or two years before enjoying my asset, how easy it is to stop the landlord obligations towards the rental contract? (knowing it will be my main residency)
Thank you for the titps.
If you need to move into the property your self you can issue notices to terminate the lease. The length of the notice will depend on how long the tenant has been there.
Hey Shane, your videos have been really helpful. Would you suggest buying a house and avail the First Home scheme where I get a house paying 500k faar faar away or buy a house with flooring and interiors done inside the city for 500K?
For me I bought a new house in 2013, sold in 2019 and bought in the city in 2020, but need a lot of work. But why happier in the city. But that is just me. There are loads of pros and cons and really it a personal on and what works best for job/schools etc.
Thank you , looking forward to see a video on how you did up the house you got during Covid!😊
Hi Shane. What is the best property for renting. I was doing some research and thought Duplex would be the one as it allows to maintain privacy as well and has separate kitchens/laundry areas and entrances at times as well. What if someone wants to buy a property (lets say 3 bed) and live in 1 room and rent out the other 2. Would you suggest doing that especially at this time period? Because renting is expensive also, if you are buying 1 house only is it still not worth it and better than renting? Thanks
Hey, in terms of best property, location has a lot to do with it. Think where people work, go to college, and good transportation and shops.
You should check out a video I did on house hacking. Think I have 2. Explains the benefits of living and renting out rooms
@@shaneflemingre Thanks Shane, will do definitely. You are doing great work on providing information on the Ireland property market, so thanks for that. Also, do you do some kind of consultation calls if people want to take detailed advice?
@@fahadgilani92 thanks for the feedback. Do offer the some consultants calls. You can email me at shane@flemingre.com with some details
the incredible situation where it's bad for landlords, bad for renters and bad for people trying to buy property...
That is very true
Great for the institutional landlords and the RTB though.
Rent for cash!, And by god vet your tenants throughly - philipinos never give hassle, im sorry but ya have to discriminate even against our own entitled irish
Landlord doesn’t even have a right to decide who they rent to under current rules
@@shaneflemingre Interview them all then give it to whoever you like!
My landlord collects rent in cash so I think he wouldn't be facing the same problems and in fact seems happy. What do you think about this Shane? Do you think more landlords will opt to do this?
I would say less. Revenue will be all over them soon. With the tenant credits
I'm in the U.S., and I don't have a problem with small landlords, mostly. Small landlords are not the problem as long as they are providing a service to people who could otherwise not afford a place to live. Some landlords charge rent that is too high for tenants to pay or force tenants to live in dangerous conditions. This, I think we can agree, is unethical, but I'm mindful of the problems that can occur when more regulation is introduced. It's rather lopsided. Charities have also been fined for violating arbitrary city regulations intended to prevent the poor from getting help.
I agree with a lot of socialist philosophies in theory but not in practice. A lot of this "care for the poor and marginalized" is shallow virtue-signaling intended to take more power from the working and middle classes and give it to the government and corporations. That's why, for the most part, I agree with capitalism and economic conservatism.
Think the problem with socialist ideas is they look good on paper but never get the results you want
Is it much more tax efficient buying investment property via a limited company?
Hi Aidan, in terms of cash flow very little, benefit it directors loans and long term option to start a pension account as a director. But it a long term play
Ireland is a joke. Why would you be a landlord ! This madness must stop 😢
It is mad goes against common sense
There is also a rumor about taxing people for leaving their residential properties empty /_o that's just crazy
hardly crazy to tax vacancy in a housing crisis
It’s coming, more rules on how you manage your private property
“Only 4% a year”. Incredible how landlords think this is restrictive. Keep in mind that most people who are renters do not get pay rises every year and some may even go 4 or more years without seeing a pay rise.
Having rented in Australia and in Ireland I would say this: Irish market needs much more regulation and less private rentals. Ireland landlords should stop doing furnished rentals. Finished rentals are practically non existent in Australia and I preferred it that way as a tenant. As a renter you have your own furniture which you move from property to property.
For landlords there is no point holding a asset that doesn’t perform better and inflation. They are therefore holding a devaluing asset better to have money invested somewhere else. But if there is no landlords there is no tenants.
I have rented in ireland and abroad and have had to get my furniture. It’s is a cost to take into account as well.
In my opinion, if you have to open a long mortgage with a bank the only entity benefitting from your investment is the bank.
Taking your example, if you have 150k in your pocket, just go smaller. Look at some 250k max 300k apartment in Dublin and open the shortest mortgage you can afford. Let's say 15 years at 50% deposit and 4% interest. Put all your efforts in repaying that mortgage quickly and closing it sooner. If you managed to save 150k before you should be able to close it in perhaps 5-8 years, after that all the income after taxes is yours.
Rent it to a working couple that would occupy for many years for a reasonable amount, don't use an agency but get to know the people in person. Bonus if you can help someone you know or at work. Forget the market price and the rent cap, if you are asking 1800-2000 for a 2 bedroom it's already enough, or 1400 for a 1 bedroom. It's better to keep a good tenant for a low price than getting an extra 200 euro which go mostly to the taxman.
I agree that the rules should protect more from bad tenants.
In my opinion the income coming from rent should be calculated separately from your standard income. So that you don't pay on it PRSI and USC and you have a band at 20% specific for rent. This should favor small landlords and be of small impact to large landlords or companies. At the end of the day a good small landlord is offering a service to the community by providing accomodation to young people that cannot afford to buy their own place yet.
How long have you been a landlord ?
Income tax and rental tax should be viewed differently.
Can you explain the interest and capital payment? What is that?
Not sure what you mean. You can get interest only loans or interest and capital loans generally it’s only the last few years where you are paying off capital
If you're currently renting, would you say buying a house in the current market is wise? (To live there myself, not to rent)
Housing Market Crash - Is it worth the wait?
czcams.com/video/6aHBqY4tbLk/video.html
I have a few videos on this topic
Also a video on timing the market somewhere too
@@shaneflemingre Alright, will check them. Thank you!
that case study really puts this mess into perespective no way anyone in their right mind would be a landlord for 100 euro net per month. is it really that hard for the government to reduce the minimum deposit to 20% like 2nd time buyers & bring that 52% tax in line with CGT at 33%. thats still not great but alteast incentivise landlords to stay in the market and also bring more supply on the market. doesn't take a genius to figure out this is going to backfire on them. just watch over next couple of years when the government start begging people to become landlords again because current policies won't work.
You might be right, it will be fully to see the government beg people to become landlords again. Will refer to this comment if they do
I am not entirely sure if looking at the costs for a "new landlord" today make sense to make this type of argument, since you are focusing on a small percentage of the landlord population. The majority of small landlords that are leaving probably bought their properties many years ago.
I am afraid the society is being pushed to antagonize small landlords when, in reality, they didn't play the biggest role to lead us to where we are today.
I think we need to be discussing the impact of REIT funds and big landlords in this housing crisis and what can be done (from the government point of view and also the open market point of view) to start tackling the real problem.
Unless we do something to tackle that, the crisis will get worse and worse. With small landlords selling and the majority of people being unable to afford those properties, they are going to end up in the hands of the big landlords and the cycle will repeat itself.
Small landlords with 1 or 2 units make up 60/70% of the stock. Look at the current value and return on that asset is very important no matte when you buy.
REITS hold such a small % of the rental stock. There is only one residential reit and they have even sold sites recently.
There are other investment companies that also own residential units like pension funds. But the level of stock they control on a % term is very low compared to international norms.
Planning legislation is the root cause of ireland problems. REits and landlords are the scapegoats.
from what you said!! i can guarantee THAT GREECE IS MUCH MUCH MUCH MUCH shitier place to be a landlord!!
Ha ha maybe
How is housing in Athlone? I will be there in September to study
Expensive and hard to get
Every is hard but Athlone wouldn’t be as hard as Dublin
@@sarahbrennan1342 😔
1400 euros plus is more than i pay here in new jersey for a room in a rooming house.I pay $1,200 USD a month.That's nuts man
i was casually just looking at home prices and I get many places in Europe are expensive but sheesh.
Btw i'm an american army veteran that has Irish and Italian on both sides of my family,I'm uncertain on how far my lineage goes in Ireland though.I am considering moving to Ireland sometime in the next decade.The other places are Serbia and Georgia I'm considering moving to.I do want to establish a business in either Ireland and or say Georgia or Serbia.
I understand that i would likely have to renounce my US citizenship in order to avoid double taxation as the US taxes at least federally based upon citizenship and not territorial.
But Mr.Fleming thank you for the advice in the video.have a good day
in case you're curious as to what my job was in the army,I was a main battle tank driver(M1A1 Abrams crewman)I served for three years with 3rd Infantry Divison,2nd Brigade,1-64 Armor Delta Company,3rd Platoon
You should offer your services to the army in Ukraine. Run an Abrams driving course in Poland for some of their guys. They are going to need all the help that they can get to push out the invaders ...😉
@@endrefidje5698 first off while it's been a decade since I was last in a tank.
Two while that might have some utility in the current situation, I'm neutral in this conflict.
Third I lack the capital to even procure what I would need to properly train anyone.
An Abrams tank isn't a Honda Accord where after 5 minutes of instruction you can jump in and drive
If in ireland, reduce some of your taxes as there is a double tax treaty. But rules change all the time. I would keep the US citizenships and pay the tax.
Honestly, Dublin specifically could do with less landlords. I say this as a owner-occupied landlord. Granted, some of the data around the rental caps is concerning.
Major rental crisis. Need someone to prove units
@@shaneflemingre Major housing availability crisis also. You pointed it out yourself plenty of folks from here cannot buy and feel forced to leave or move in with parents. When I was looking a few years ago for a property, many listings in city centre specifically pointed out the average return per annum on properties. It is clear who was the target demographic for those listings and it was not the people actually living and working here.
There getting out now because houses are at there highest value and the tax there paying is to high
Move to a Country with a tax agreement and you won't have to give up your US citizenship. If you give it up, you will lose your VA /Military benefits .
Yes it doesn’t make sense to stay at current yield
I do property management. And yes landlords are selling
A few agents have commented the same thing
And I you talk to Irish people about the problem they don't have clue what's happening and why 🤦♂️
How can I invest with small money in property in Ireland?
The question is not how but why ?
Most cases you need 30% deposit, I am trying to create easer access
Don’t was it 171 regulatory changes all every single one against the investor!
@@shaneflemingre can you buy property with 30% down without a credit score in Ireland?
@@fabio.1 there is no such things as a credit score in ireland. You will need a income
Profitable dairy farmers pay no inheritance tax . Property owners pay $$$$
Farmers are treated like business
@@shaneflemingreexplain
@@shaneflemingre why are landlords not treated in the same fashion..
@@AbcdEfgh-zp1sn they can slow pass on the kids that are working on the farm. Like you can pass a family business
@@shaneflemingre farms held in a personal name can be passed on with Almost zero cost. Property owners can not do the same
Making money is an action. Keeping money is behavior. Growing money is knowledge..
👍🏻
Its no pic nic in America for landlords either. When governments legislate all the profit away from landlords, where are all the people, that can't afford to buy going to live?
The last news of the Irish media saying that REIT one of the biggest landlords in Ireland will sell them assets at 50 millions Euros this year.Sell off season which I was talking about before are starting Mr Fleming.The things call Increased central bank's rates and Margin calls will push many properties on the market that way government doesn't worry about reducing number of built houses this year.
They will be sold our funds if sold. Ireit said they are happy with ireland. Who is selling vast amounts
@@shaneflemingre Mr Johny Ronnan already sold his assets in Paris to pay debt in Ireland.
@@guylocal6423 that’s his business model, he is a developer, he sells and refinances all the time. Most of the properties are commercial. A good few developed sites. It’s not a indicator to the residential market
The Irish rent freezes saved lives. At the end of the day housing should be socialized and everyone should have access to homes. Sin Fein is the way forward, landlords will just have to find something else to do with time. Sorry (I'm Irish btw)
Rent freeze around the world have proven to make things worse for tenants.
Who funds houses for everyone, what happens to renters
Well rent freeze will push small landlords out of the market. So supply and demand. Who suffer in the end?
There was kind of game behalf of government as partly owner of Irish banks after 2008 crash ,NAMA and vulture funds.The main target was create property shortage limiting mortgages and involving people who was buying property for rent.Government made everything as possible to make more people renting and more people investing to property for rent increasing property value making is more atractive for vulture funds from abroad for investing to property in Ireland due with high price rise.Government started losing tax income because created tax free zone for vulture funds and then government which got many mouses to trap as landlords started rip them off.Unfortunately dear landlords you got into the trap to cover government losses from reducing taxes for vulture funds.Somebody has pay the bill and HAP expenses also.Now you dear landlords will sell your property to cover new built houses shortage.Government in win win position because even when nobody will build houses there will be still houses on market.People will emigrating ? Who cares ? Government will bring 200K ukrainians to replace them.
I think you give the government to much foresight, I don’t think they could plan all this.
@@shaneflemingre There is plenty unnamed "advisers" "experts" "lobbysts " spinning in government building everyday.The main targets in post 2008 was bring property prices up to reduce banks losses and make this country attractive for investment to property market reducing unemployment.Unfortunatelly those who was buying property for rent was playing on government/banks/investors side.The landlords created shortage of property on market the landlords made property market attractive to invest the landlords was a milking cow.Believe me Mr Fleming there is good bunch of experts working beside Leo and there is good bunch of experts will work beside Marry when time will come.The only things will be different will we watchers or figures in them games.And it will be your decision to be a fish or fisherman in them games.
Ireland has gone to f..k
You might be right but I hope you are wrong
Money wrapped up in property is economically dead money. That money should be invested in business that provides value to society and increases GDP. Not this stupid culture of hoysegrabbing.
It costs money to build and buy property. Someone has to do it or those business wouldn’t have anywhere to work and great gdp
Not agree! Best country to be a landlord ! 2 washing machines broke down,1 fridge and we bought dishwasher ! We need flooring ? No problem,we bought our selfs ! In 9 years time our landlord did not got a single phone call because we know if we will bother landlord the rent will go up ! We spent around 3K on house maitenance and our landlord still does not know about it ! Mr Fleming,I think You Are Wrong !There is plenty different stories about landlords which are profiting from situation.Also some of them are selling houses on top to buy cheaper after.
I don’t mind most comments on my channel or comment about me. But I take offence when someone called me a liar. You are free to disagree with me, but not call me a liar. The facts are landlord are selling up in their thousands.
When you buy a house of your own,this content will make more sense to you
It’s up to you if you want to put money into a house you will never own .. but most tenants will expect their chimney to be cleaned by the landlord and the oil burner serviced yearly ( carbon monoxide) so if I were you I’d be ringing my landlord pretty lively with my receipts and getting my money back .. plus a landlord cannot just put you rent up because something needs doing in a house … you sound like an ideal tenant.. buying all for the house ..
@@shaneflemingre My apologies!I didn't kept in mind you are lier.I just told my situation which some my mates has also.Once again,my deepest apologies!
@@guylocal6423 Thanks for explaining. I understand that it is hard for tenants too. If there was more landlord, they would have to compete for good tenants