Tenant overholding

How do you think the LLs pay it except with the rent. All these taxes and fees are just added to rent. Those high rents....!

The system being heavily biased is kind of a disincentive to those it biased against though.

For example a tenant can use it even if they aren't registered. Not so a LL. Double standards.

That's unlucky. But as with anything in life, there is a risk-reward payoff. You don't make a risk-free rate of return on property. Because it's not risk free. A landlord with a small number of properties cannot diversify the risk of tenants overholding precisely due to being a small landlord. But there should not be additional compensation (in the form of greater return) for that idiosyncratic risk. The result is just that some landlords get stung with all the pain and some luckily get off without noticing it at all.

Ah, you haven't heard about the Irish legal system I take it 😉

There is nothing stopping you for setting up a company yourself. Your ideas about the advantages of doing that might be borne from a lack of understanding.

A company will indeed only pay 12.5% tax on it's profit. But the property, and that profit belongs to the company. You, as owner of that company, need to withdraw that somehow. You can pay yourself a salary - in which case you then get taxed at your marginal rate. Or you can use it to build up more value in the company, such as purchase more property. Then if you want to sell the property later on, the disbursement to you will be taxed at your then marginal rate.

There are indeed tax advantages in terms of building up your capital assets, but you will pay the tax on the other end when you dispose of them. You can of course try to manage that to minimize it - but you will still pay it.

I never said it was any use. I was merely pointing out that complaining about personal vs. corporate tax rates is this context is often from someone who may not be fully aware of what it entails. I was pointing out that they could get the same benefits as a company by forming one. The only main benefit of that, as you appear to be aware yourself, would be for purchasing more property

If you buy a newsagents, you will (presumably) treat it as a business.....you will still pay your own personal marginal rate of tax on whatever you draw out of that business. Same as if you buy a property to rent out. You can treat that as a business if you want. You are still liable for your personal marginal rate of tax on whatever you draw from it

If it were that easy this forum wouldn't be full of LLs with stories of overholding tenants. The OP would want very deep pockets if they took your "advice"

Any further suggestions/hints/implications of how to perform an illegal eviction will be dealt with quite harshly.

Do not reply to this post.

It's off topic but I gather that some people appear to think incorrectly that if you own a business that you somehow only pay 12.5% tax on your income from it.

No sure what you are trying to say ? As landlord it's you income in total is taxed as a self employed / business the tax is on profits after all expenses (broadly speaking) .. two different animals .. and landlords don't have the vast options a business has to classify expenses as such

The RTB privacy statement is here, there is no automatic right to having your data removed.

https://www.rtb.ie/privacy-statement

Imagine if people could just agree with each other to rent a property for x amount of years/months and agree that at the end of that agreement they go their own ways happily ever after. And like any contract entered into, you must must keep your end up or you will be punished.

Oh sorry. Its Ireland.

Myself and my brothers are hunting around for another project at the moment.

We cant find a house where the numbers work at the moment.

But most EAs ive been speaking to are saying that most of their stock these days is coming from rentals being sold as soon as the LL gets possession of them back.

Unfortunately these days, tenants break the contract from week no. 2 and no recourse on them. They are still the ones who report you to Prtb even so they broke the contract.