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6000 landlords a year existing the rental market

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1235

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    #122
    Idbatterim
    Registered Users Posts: 17,852 ✭✭✭✭Idbatterim


    Rob landlords blind with tax and use it to give away housing to others, great system...


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    #123
    snowcat
    Registered Users Posts: 1,218 ✭✭✭snowcat


    Dav010 wrote: »
    How would the law act on their behalf? They are then trespassing.

    How naive. You have never asked the gardai to enforce a trespass obviously.


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    #124
    redarmyblues
    Registered Users Posts: 972 ✭✭✭redarmyblues


    Dav010 wrote: »
    Airbnb do not set minimum or maximum lets, that is up to the Host. But the Irish Government introduced legislation that requires anyone that lets their full property to occasional/short lets in excess of 90 days per year, to have planning permission.

    The 90 days for AirBnB was a figure I had in my head for some reason. So if somebody was to let a premises for say 90 days for the purpose of work and at the end of the stay say I have nowhere to live, then again that could be the bullseye, you might get AirBnB rates for a couple of years with no cleaning on the local council until they were rehoused.


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    #125
    redarmyblues
    Registered Users Posts: 972 ✭✭✭redarmyblues


    snowcat wrote: »
    How naive. You have never asked the gardai to enforce a trespass obviously.

    There was caravans trespassing near me for about 40 years. Google McGinley Sligo.


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    #126
    snowcat
    Registered Users Posts: 1,218 ✭✭✭snowcat


    redarmyblues wrote: »
    There was caravans trespassing near me for about 40 years. Google McGinley Sligo.

    Im sure that went well..40 years..


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    #127
    Dav010
    Registered Users Posts: 14,523 ✭✭✭✭Dav010


    snowcat wrote: »
    How naive. You have never asked the gardai to enforce a trespass obviously.

    The poster said the law would act “on their behalf”, and yes, I would be confident that the Gardai would intervene. If a trespasser does not vacate when ordered to by Gardai, it changes from a public order offence to one that is punishable by a fine or jail time.


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    #128
    snowcat
    Registered Users Posts: 1,218 ✭✭✭snowcat


    Dav010 wrote: »
    The poster said the law would act “on their behalf”, and yes, I would be confident that the Gardai would intervene. If a trespasser does not vacate when ordered to by Gardai, it changes from a public order offence to one that is punishable by a fine or jail time.

    Ha Ha ha ha ha hahahhaahahahhahahah


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    #129
    Cuddlesworth
    Registered Users Posts: 13,994 ✭✭✭✭Cuddlesworth


    For the original subject, another 8k private landlords gone in q1 2020.


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    #130
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    Where you seeing that...

    I suspect the Govt muttering about buying AirBnbs is not unconnected..


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    #131
    Cuddlesworth
    Registered Users Posts: 13,994 ✭✭✭✭Cuddlesworth


    https://onestopshop.rtb.ie/research/rtb-registration-statistics/

    The number of housing association units coming to market over the last few years has been obfuscating the mass exodus of private landlords.


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    #132
    redarmyblues
    Registered Users Posts: 972 ✭✭✭redarmyblues


    Cuddlesworth wrote: »
    For the original subject, another 8k private landlords gone in q1 2020.
    That is the full year Q1 2019 to Q1 2020, still a final figure 8K when you round it, I would say the figure for Q2 2020 to Q2 2021 will be horrendous.


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    #133
    rightmove
    Registered Users Posts: 994 ✭✭✭rightmove


    redarmyblues wrote: »
    That is the full year Q1 2019 to Q1 2020, still a final figure 8K when you round it, I would say the figure for Q2 2020 to Q2 2021 will be horrendous.

    last 5-7 years must be mental altogether


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    #134
    Edgware
    Registered Users Posts: 5,874 ✭✭✭Edgware


    I spoke with a landlord last evening. He spent the time giving out that he cant rent his property because there are so many places on the market. I asked did he know the law of supply and demand and cut the rent being sought. Oh no he wants the "market rent or nothing"
    I would think that getting 1400 a month for an occupied property is better than having it empty for months advertised at 1700 but apparently that "would be undermining the market"


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    #135
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Idbatterim wrote: »
    Rob landlords blind with tax and use it to give away housing to others, great system...




    And legislate to make it so bad for them they have to sell. And be waiting in the wings to buy these properties they forced them to sell.
    Seems unfair to me,


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    #136
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    redarmyblues wrote: »
    That is the full year Q1 2019 to Q1 2020, still a final figure 8K when you round it, I would say the figure for Q2 2020 to Q2 2021 will be horrendous.




    Not yet because they cant get out with the eviction ban.
    Wait til the eviction ban is over. Big exodus then.


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    #137
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    Edgware wrote: »
    I spoke with a landlord last evening. He spent the time giving out that he cant rent his property because there are so many places on the market. I asked did he know the law of supply and demand and cut the rent being sought. Oh no he wants the "market rent or nothing"
    I would think that getting 1400 a month for an occupied property is better than having it empty for months advertised at 1700 but apparently that "would be undermining the market"

    It would be better empty than having it rented, having all the cost and expense, wear and tear and no rent being paid.


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    #138
    rightmove
    Registered Users Posts: 994 ✭✭✭rightmove


    beauf wrote: »
    It would be better empty than having it rented, having all the cost and expense, wear and tear and no rent being paid.

    totally agree - the asset in the hands of a non paying tenant and not protection from the state for anything


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    #139
    Edgware
    Registered Users Posts: 5,874 ✭✭✭Edgware


    beauf wrote: »
    It would be better empty than having it rented, having all the cost and expense, wear and tear and no rent being paid.

    If you have a properly selected tenant in it the rent will be paid. Despite what people think there are thousands of people in well paid jobs working from home , earning good salaries.
    Lazy landlords use useless agents and end up with wasters as tenants.


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    #140
    Bass Reeves
    Registered Users Posts: 18,552 ✭✭✭✭Bass Reeves


    Edgware wrote: »
    I spoke with a landlord last evening. He spent the time giving out that he cant rent his property because there are so many places on the market. I asked did he know the law of supply and demand and cut the rent being sought. Oh no he wants the "market rent or nothing"
    I would think that getting 1400 a month for an occupied property is better than having it empty for months advertised at 1700 but apparently that "would be undermining the market"

    It is not so much undermining the market but you have the pressure zone rules in play as well. If you discount rent by 20% it will take 7 years to achieve that rent level again if RPZ's stay in place.. Because of this I can understand a landlord reluctance to to reduce rents.

    Add in the risk factor associated with renting and the present rules regarding evictions and risk to LL it may make more sense to leave it empty. If I had a place empty I consider revamping as there is tax relief on this until end of 2021 I think.

    Slava Ukrainii



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    #141
    Dav010
    Registered Users Posts: 14,523 ✭✭✭✭Dav010


    Edgware wrote: »
    If you have a properly selected tenant in it the rent will be paid. Despite what people think there are thousands of people in well paid jobs working from home , earning good salaries.
    Lazy landlords use useless agents and end up with wasters as tenants.

    What does a properly selected tenant look like?


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    #142
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    Edgware wrote: »
    If you have a properly selected tenant in it the rent will be paid. Despite what people think there are thousands of people in well paid jobs working from home , earning good salaries.
    Lazy landlords use useless agents and end up with wasters as tenants.

    If you are right and it's a low risk profitable venture (if done properly) then more people will be getting into it than leaving it. There will be no problems with supply either.


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    #143
    DubCount
    Registered Users Posts: 1,089 ✭✭✭DubCount


    Edgware wrote: »
    If you have a properly selected tenant in it the rent will be paid. Despite what people think there are thousands of people in well paid jobs working from home , earning good salaries.
    Lazy landlords use useless agents and end up with wasters as tenants.

    Pity you're not allowed discriminate in favour of people in well paying jobs over social housing tenants without a large fine from the WRC


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    #144
    Cuddlesworth
    Registered Users Posts: 13,994 ✭✭✭✭Cuddlesworth


    redarmyblues wrote: »
    That is the full year Q1 2019 to Q1 2020, still a final figure 8K when you round it, I would say the figure for Q2 2020 to Q2 2021 will be horrendous.

    Missed that, thanks.


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    #145
    Pkiernan
    Registered Users Posts: 4,310 ✭✭✭Pkiernan


    Dav010 wrote: »
    What does a properly selected tenant look like?

    Don't mind him...he's victim blaming.


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    #146
    Caquas
    Registered Users Posts: 1,463 ✭✭✭Caquas


    Bass Reeves wrote: »
    It is not so much undermining the market but you have the pressure zone rules in play as well. If you discount rent by 20% it will take 7 years to achieve that rent level again if RPZ's stay in place.. Because of this I can understand a landlord reluctance to to reduce rents.

    Add in the risk factor associated with renting and the present rules regarding evictions and risk to LL it may make more sense to leave it empty. If I had a place empty I consider revamping as there is tax relief on this until end of 2021 I think.

    The law of unintended consequences strikes again! Rents will stay high in our cities because LLs know they will be fixed with the reduced rent for 7 years. Rents will fall only when LLs are convinced that they “good times” are over. Many will prefer to sell if they can.


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    #147
    Dav010
    Registered Users Posts: 14,523 ✭✭✭✭Dav010


    Caquas wrote: »
    The law of unintended consequences strikes again! Rents will stay high in our cities because LLs know they will be fixed with the reduced rent for 7 years. Rents will fall only when LLs are convinced that they “good times” are over. Many will prefer to sell if they can.

    Post hoc ergo propter hoc


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    #148
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    if you had a place sitting empty at the moment. Would you take the risk on renting it with the current rules?


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    #149
    Bass Reeves
    Registered Users Posts: 18,552 ✭✭✭✭Bass Reeves


    beauf wrote: »
    if you had a place sitting empty at the moment. Would you take the risk on renting it with the current rules?

    I would as long as Zi got an economic rent. O be slow to rent it if there was a large rent rate reduction

    Slava Ukrainii



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    #150
    perfectkama
    Registered Users Posts: 106 ✭✭perfectkama


    beauf wrote: »
    if you had a place sitting empty at the moment. Would you take the risk on renting it with the current rules?

    no, wouldn't rent in the current climate


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    #151
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    beauf wrote: »
    if you had a place sitting empty at the moment. Would you take the risk on renting it with the current rules?


    I actually know people who are leaving them empty while waiting to see what happens next.


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