Is the end of the road for landlords coming ?

08-01-2017 10:55am

handlemaster wrote: »

Policy should be fully paid up front for the lenght of time the tenant can legally stay in the property.

Won't long til that's til the end of time

beauf · 08-01-2017 11:48am

4ensic15 wrote: »

Loss of rent insurance is the consequential loss arising from one of the insured risks. If there is a fire or flood, for example, and the property is uninhabitable for a period the landlord can claim for the rent that would have been paid during that period. It does not insure a landlord for default in payment by the tenant.

I thought it covered damage by tenant.

Over-holding you get back from the courts. (in your dreams).

Obviously think its too common, too much of a risk to insure.

handlemaster · 08-01-2017 11:58am

beauf wrote: »

I thought it covered damage by tenant.

Over-holding you get back from the courts. (in your dreams).

Obviously think its too common, too much of a risk to insure.

It doesnt the tenant has a legal right to be in the property

beauf · 08-01-2017 12:41pm

handlemaster wrote: »

It doesnt the tenant has a legal right to be in the property

I'm not sure what that was in answer/response to.

handlemaster · 08-01-2017 12:46pm

beauf wrote: »

I'm not sure what that was in answer/response to.

Doesnt cover damage by the tenant to the property. Hope this clear this up for you.

beauf · 16-01-2017 6:32pm

More to come.

http://www.thejournal.ie/anti-evictions-bill-2-3185676-Jan2017/
http://www.thejournal.ie/court-spain-eviction-832819-Mar2013/

16-01-2017 6:49pm

beauf wrote: »

More to come.

http://www.thejournal.ie/anti-evictions-bill-2-3185676-Jan2017/
http://www.thejournal.ie/court-spain-eviction-832819-Mar2013/

Some serious bull in these proposals. If a LL wants THEIR property back for a family member then they should pay compensation to the tenants :rolleyes:. How anyone voted for AAA-PBP is beyond me, they are a total joke. Even proposing something like this (it hasn't a notion of getting through) shows the laughing stock they are.

Graham · 16-01-2017 6:49pm

beauf wrote: »

More to come.

http://www.thejournal.ie/anti-evictions-bill-2-3185676-Jan2017/
http://www.thejournal.ie/court-spain-eviction-832819-Mar2013/

It's hard to find many facts in either of those "articles". Are you referring to this snippet:

a proposed new security law in Madrid that includes stiff fines for people who attempt to stop evictions.

16-01-2017 8:09pm

So glad im out after reading those links.
Now i hope the notice period rolls on by before some new law comes in to take my properties off me altogether.
As it is the only way I can take control of them is to sell them.
Awful, awful treatment of investors.

murphaph · 16-01-2017 8:49pm

Scary stuff. This kind of kite flying will actually spook a lot of landlords into selling up, further restricting supply. These people are morons.

17-01-2017 8:05am

murphaph wrote: »

Scary stuff. This kind of kite flying will actually spook a lot of landlords into selling up, further restricting supply. These people are morons.

This is the path that this government follows.
See what's popular and then do whatever you can to garner their votes, even if that involves screwing someone who is not popular.
Add to that an element of demonisation and they are on to a winner.

Not a good situation to have skin in the game.

I got an email from one of my tenants who I was giving notice of selling to last night telling me that they have been to threshold and are taking a case with the RTB.
They also accused me of tax evasion.
This is a couple who I have been very good to over the years and i thought that they were very good tenants too. I even let them off the rent in December as a Christmas present the last two years. Even without being let off December's rent they are currently paying monthly about 40% less than the apartment a few doors away was advertised at a few months ago. And in their email the stated because I let them off the rent in December the rent is actually out 11/12ths of what it is set at, so that's all they'll be paying from now on. Said they confirmed this with threshold.
I'm trying to calm down before I speak to them.

They seem to think that they can stay in my property as long as they like and I can just go away and leave it to them. And the RTB will help them do this for as long as possible too even if I win, which I am confident I would.
I really didn't think it would be them who were going to cause me hassle.

murphaph · 17-01-2017 8:45am

It's the same old story. The immediately forget the 40% discount they've been enjoying and go on the offensive. These tenants can enjoy guaranteed 4% increases every year from now on wherever they go to.

listermint · 17-01-2017 8:50am

76544567 wrote: »

This is the path that this government follows.
See what's popular and then do whatever you can to garner their votes, even if that involves screwing someone who is not popular.
Add to that an element of demonisation and they are on to a winner.

Not a good situation to have skin in the game.

I got an email from one of my tenants who I was giving notice of selling to last night telling me that they have been to threshold and are taking a case with the RTB.
They also accused me of tax evasion.
This is a couple who I have been very good to over the years and i thought that they were very good tenants too. I even let them off the rent in December as a Christmas present the last two years. Even without being let off December's rent they are currently paying monthly about 40% less than the apartment a few doors away was advertised at a few months ago. And in their email the stated because I let them off the rent in December the rent is actually out 11/12ths of what it is set at, so that's all they'll be paying from now on. Said they confirmed this with threshold.
I'm trying to calm down before I speak to them.

They seem to think that they can stay in my property as long as they like and I can just go away and leave it to them. And the RTB will help them do this for as long as possible too even if I win, which I am confident I would.
I really didn't think it would be them who were going to cause me hassle.

Why would they accuse you of tax evasion? Did they give a reason for that?

Cash in hand job with the rent?
Are they registered with prtb?

Accusations like that don't just rock up out of no where.

ABC101 · 17-01-2017 9:52am

The trend appears to be one of steadily eroding landlords constitutional rights to their property / properties.

athtrasna · 17-01-2017 9:57am

No need for scaremongering. That Anti Prosperity motion hasn't a hope of being passed. Please don't use it as an excuse to drag this thread back into politics.

Thanks

The_Conductor · 17-01-2017 9:58am

ABC101 wrote: »

The trend appears to be one of steadily eroding landlords constitutional rights to their property / properties.

They keep stating these are 'temporary measures' to get around the constitutional property ownership rights. However- the measures, as they currently stand, in some cases have resulted in the value of property halving (particularly for rent controlled property in pressure zones that is fixed at below market prices).

It remains to be seen whether Minister Kelly's measures will be reviewed/renewed by the current Minister (Coveney) on top of the latest measures- however, as it stands, you'd want your head examined rather than invest in property in Ireland.

The_Conductor · 17-01-2017 10:02am

beauf wrote: »

More to come.

http://www.thejournal.ie/anti-evictions-bill-2-3185676-Jan2017/
http://www.thejournal.ie/court-spain-eviction-832819-Mar2013/

These are the same crowd who came out with this beauty:

"No-one who can afford private health care should be allowed to access the public health care system, and there should be active penalties to force people to purchase healthcare- in order to lessen the pressure on the HSE for those in society who need it the most".....

I.e. its socialist left wing sentiment- that has precisely zero chance of coming to pass- it'll get shot down in flames- however, it'll give them a pulpit from which to preach for a few days, until the next thing comes along (whatever that might be).

Zero chance of the Spanish socialist proposals coming to pass here- zero.

17-01-2017 11:28am

murphaph wrote: »

It's the same old story. The immediately forget the 40% discount they've been enjoying and go on the offensive. These tenants can enjoy guaranteed 4% increases every year from now on wherever they go to.

I think it's very unlikely they will find anywhere near the rent they are paying now when they next go looking.

Anyone with property rented below market value will stay put so that wouldnt become available for anyone else to rent anytime soon.

Any landlords selling property rented belowarket value wo t be able to sell to an investor so that property will come off the rental market when it's bought.

murphaph · 17-01-2017 12:33pm

listermint wrote: »

Why would they accuse you of tax evasion? Did they give a reason for that?

Cash in hand job with the rent?
Are they registered with prtb?

Accusations like that don't just rock up out of no where.

lol. These same tenants also reckon that the LL giving them a xmas present of a month off in December equates to the rent being set at that rate going forward. In short, they're off their rockers and would say mass apparently.

amcalester · 17-01-2017 12:51pm

murphaph wrote: »

lol. These same tenants also reckon that the LL giving them a xmas present of a month off in December equates to the rent being set at that rate going forward. In short, they're off their rockers and would say mass apparently.

The scary thing is that I wouldn't be surprised if the RTB rules in the tenants favour.

In their quest to standardise and professionalise the rental sector both the government and the RTB are making it so a landlord can't treat what they consider to be a good tenant favourably, meaning that all tenants will be treated equally to the worst.

This will not end well for tenants or landlords.

17-01-2017 1:18pm

listermint wrote: »

Why would they accuse you of tax evasion? Did they give a reason for that?

Cash in hand job with the rent?
Are they registered with prtb?

Accusations like that don't just rock up out of no where.

I've been accused of all sorts of things by applicants when they don't get to rent for whatever reason. The default ones are racist and tax evader.
They always threaten to report me.

In this case I presume they looked me up somewhere and couldn't find my name so went to the default accusation.

DrPhilG · 17-01-2017 1:37pm

Anybody tempted to sell down south and buy in the North?

What are the regulations like up there?

17-01-2017 1:39pm

DrPhilG wrote: »

Anybody tempted to sell down south and buy in the North?

What are the regulations like up there?

We are looking at buying in Spain or Portugal
We will use it ourselves and airbnb it for when we aren't using it.

DrPhilG · 17-01-2017 1:48pm

76544567 wrote: »

We are looking at buying in Spain or Portugal
We will use it ourselves and airbnb it for when we aren't using it.

Does the tax situation not make life complicated? Pay tax in Spain, then the Irish government will probably look to tax it again?

17-01-2017 1:52pm

DrPhilG wrote: »

Does the tax situation not make life complicated? Pay tax in Spain, then the Irish government will probably look to tax it again?

I have an accountant for that. But on initial investigations we'll make more from the investment, have more control over it, and have free holidays. We have narrowed it down to a couple of areas and will pull the trigger once the first property in Ireland is sold.
Investing in Irish property is a totally different animal these days. Not worth it.

The_Conductor · 17-01-2017 1:52pm

DrPhilG wrote: »

Does the tax situation not make life complicated? Pay tax in Spain, then the Irish government will probably look to tax it again?

Its actually fine- its covered under the reciprochal tax arrangements we have with them. The messy bit is property tax, filing returns, council taxes (where appropriate) and all the other messy bits that you might normally expect with any property (insurance etc).

Claw Hammer · 17-01-2017 2:17pm

76544567 wrote: »

I think it's very unlikely they will find anywhere near the rent they are paying now when they next go looking.

Exaclly, that is why they are now kicking up after being given notice and they will run you around the RTB and maybe the courts before they get out.

GGTrek · 17-01-2017 2:35pm

Claw Hammer wrote: »

76544567 wrote: »

I think it's very unlikely they will find anywhere near the rent they are paying now when they next go looking.

Exaclly, that is why they are now kicking up after being given notice and they will run you around the RTB and maybe the courts before they get out.

A good deed never goes unpunished. Many tenants deserve the treatment vulture funds give them.
This is a good example on why rent needs to be close to market. If landlord let it slip too much below tenants will feel entitled to the good fortune they had.

17-01-2017 2:36pm

Claw Hammer wrote: »

Exaclly, that is why they are now kicking up after being given notice and they will run you around the RTB and maybe the courts before they get out.

Im pretty sure I'll win with the RTB and the courts, but they will go the whole way I think.
It could be a couple of years now, and they will probably stop paying the rent too.
The venom from them was totally unexpected. It has really taken me aback. I definitely didint think they would ever go that way.

17-01-2017 3:08pm

76544567 wrote: »

Im pretty sure I'll win with the RTB and the courts, but they will go the whole way I think.
It could be a couple of years now, and they will probably stop paying the rent too.
The venom from them was totally unexpected. It has really taken me aback. I definitely didint think they would ever go that way.

On what grounds are they bringing a case to the RTB?

Is the end of the road for landlords coming ?

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