Varadkar hits the right note for Landlords

I know of a couple of cases where people let to the council on the LTL scheme. Council put in anti-social tenants and washed their hands of it.

So in those places now you have anti-social council tenants ruining the lives of the people living around them. And the council just say "talk to the hand", i mean "gdpr", "gdpr", "the hand" "yeah gdpr" is more what they say.

I think if they bothered to actually look at their own data a reason that the average rent might be going up might be that all of the ones locked on lower rents might be selling at a rapidly increasing pace.

You would think they might be interested in investoigating that possibility, but the RTB as we've seen before are not shy about massaging the figures.

It all depends on how you access risk. At auction you be lucky to buy one in 10 properties you are interested in. in the 2015-2020 period there was multiple properties available at discount prices. A solicitor and engineering evaluation of each property would cost in the region of 2K/property. Accross 10 properties that is 20K it changes the price discount. On one property I bought it would have been equivlent to 40% of the property price. People(myself included) take similar risks buying cars. some peoplewouldpay 50% or more on a car in a private sale.

I did not buy blind I visited and accessed the property myself. To the first couple I went to see I got a buildr friend to come with me and showme what to look out for. As I said it takes 2-3 hours to read a sales contract. The first one isthe hardest to check out and took me 10+ hours to understand the gobbledygook. After you read the contract the main thing is to watch for any changes as thisis unually when they add in sneaky bits.

On planning nearly all the old files are now online. So you can check the plans and planning of anything online. Its like buying cars privately it not for everyone. Some day you may make a mistake but you hope by that time you will havesaved more than you can lose.

Neither was it indicated that there was. The debate was about how at an auction lately houses with tenants failed to sell. This was caused by the continual changing of regulation on renting. A few years ago it was an advantage to have a tenant in rural and smaller urban area's

If you can get a better return, (or less risk and hassle) then perhaps its time to move on.

Its seriously hard to get tenants out and paying rent is optional theses days. It hasnt been like that forever, but it is now.

TBH most LL have no problems with getting there rent paid at present. The problem for most tenants now is if they do not pay the rent and get kicked out they will not find a place to rent again.

Even if investing now I would Ber looking at any place where property prices are below build costs. People will make choices to live where they can afford. A lot of Roscommon is commutable to Galway. As well Athlone is a large town. There is no amount of houses going to be build in places like these until house prices reach bud costs.

Looked at prices on daft, if it was nearer to me I would not be afraid to invest. There is property there that will increase by 50% in the next 3-5 years.

Heard through a friend about a builder where his plastering contractor increased his costs from 11k to 20k from one house to the next. There would be 9 weeks labour on the houses. That is a labour price only. It's a large town price not a city pric e. Houses prices are going from 250-290k.

The apartment you quoted has a yield of 12%, as U said the only way the price of that apartment is going is up. Will increase in value by 50+% in the next 2-3 year. The yield for the house might be slightly lower, in rural area 2 beds make nearly as much as 3 beds for renting. However that house will be worth 200+k in 5 years time. As well that house is an owner occupier sale.not an investor sale.

1.5 hours to Palmerstown and another 1.5 hours to Merrion Square. Strokestown is a remote place and fuel prices are rising. Post offices, banks and small shops are closing in smaller towns and villages.

For people who can work from home the time to get to Palmerstown is irrelevant. Living in a small village with no banks, clothes shops, convenience stores, local GP means everything is done by car. In cities there is public transport and all kinds of amenities are accessible locally.

If population returns to small villages the services will return. Even if not there are few villages that are more than 10 miles from a decent sized town. Even smaller towns now have a Lidl or Aldi along with maybe a Tesco , Dunnes or SuperValu. You will only be buying you milk or the odd item you run out off.

Just glancing at Strokestown on Google maps, there is a SuperValu and Eurospar in the town, a Garda station( with limited opening I imagine) a Chinese and 2-3 businesses marked on it. Interestingly there was a golf club on the outskirts. There is primary and post primary education as well as a GAa and soccer clubs. There is a medical center.

This is not the ar5rhole of nowhere, it a urban center admittedly on a smaller scale. I saw 1-2 comments about PO closing, they are now become banking hubs for AIB and BOFI so this will help there survival. I have noticed that as smaller Post Office's have closed the remaining ones are getting busier

Some services will not be coming back to smaller villages. Banks are closing everywhere for good. Lidl and Aldi are not interested in smaller towns. The GP retires and another can't be found. What you don't see in Strokestown on Google Maps is a shoe shop, any kind of clothing shop and electrical retailer. The local bank of Ireland branch has just closed. Strokestown is just a dormitory village. People have to drive to other towns constantly.