Why do Landlords feel entitled to rent increases?

A rental property is worth between 15 and 20 years annual rent so if you don’t keep the rents high you are lowering the value of your property. Banks probably use closer to 10 years rent. 

My father had a house in flats, since he passed away I help my mother with it.  Dad had the rents low and it very foolish of us not keep rising them.

Once the government brought out Rent Pressure Zones we should have been rising the rents to the max every year. Because we didn’t we are now locked in to low rent. The only way to fix that is to kick out every body and do a major renovation so that we can rebase line the rents. Personally I think rents are about 30% or more too high but are all the other costs in Ireland.  

By getting rid of small timeland lords and bring in RITS we have made things worse. Yes there is stock of good apartment to rent but a lot of them are empty, from what I hear finding somewhere to live is very difficult. I work with a guy from India and he said that people were offering an extra 200 or 300 a month cash to get a place at viewings so he keep missing out. So we are back to a black market economy. Thankfully for him he’s bought a place here now.

The way I see renting form a private LL is meant to be a convenience while you are young and not a life time thing. Is you’re a student you rent a house with a gang keep the rent down. You’re a 20 something you rent a house or flat with few others and enjoy life then eventually settle down and buy a place of your own or with wife, husband…  You’re in need of social housing, short term rent allowance or HAP, log term you rent form the council at an affordable rent.  

This craic of using private land lords as social housing is driving up rent and costing the state much more for poorer quality housing or the wrong type. I know people are crying out for apartment but these new 10+ story apartment building are going to end with social problems and massive fire. We don’t deal with antisocial behaviour here and we don’t enforce building regs or have a fire service that can fight those types of fires.

The blaming all of this on LL’s and RITEs is the government's way of covering their tracks and avoiding blame. As a further LL I shouldn’t say this but if you want to change things don’t vote FF or FG next election vote Labour and SF or for Social/Left  parties. Whatever you do make sure to vote.  

Agree on that. Crazy people with all their spare cash since covid putting it into property. Artificially inflating everything. Its a lose lose situation

Why do some tenants feel entitled , to STOP paying their rent ??

possibly some psychological issues occurring, possible financial issues, the list is endless really, but its the fact, our property markets are falling most tenents and landlords now, most landlords probably need to continually increase rates, to decrease the risks involved

If you want LOWER RENTALS, you need more rental properties (and more evil landlords).

RPZ's only help sitting tenants. New tenants pay top dollar in return. RPZ's drive lower cost rentals out of the market. Any LL charging anything less than maximum rent is reducing their income for decades to come as well as the value of their investment - who is going to do that.

As for entitlement .... I expect if your employer offered you a pay increase, you'd happily take it, but should you be entitled to it? The cost of my electric bill for my home has increased, buy why should my utility company be entitled to charge more? Entitlement is a dangerous concept in a market where identical properties have different limits on how much they can be rented for. Who should get to set the entitlement for any given product or service?

Finally. If you want quality, having a market where the price you are charged cannot be increased because you are receiving a higher quality product/service, is only going to mean a race to the bottom in standards. Where is the incentive to repaint, replace the old carpet, and fix the drafty window when you can charge the same rent whether you do the work or not?

If it makes you happy:

Landlords raise rent because they can, it is legal to do so within the related legislation, and it makes business sense to maximise return on what is a considerable investment with quite a lot of associated risk.

There is nothing new, Earth shattering, nor morally wrong with that, despite what you may think. Rents plummeted during the last recession, there was little sympathy for landlords.

I do appreciate that working with students you are at the forefront of the rental crisis, but it has never been the responsibility of private landlords to provide homes for everyone, nor to provide rental properties at prices affordable to everyone. Your ire should be directed at those who have made the rental sector so unappealing, that at a time when rents are so high, high numbers of landlords are actually exiting the market.

Your argument is based on one person you know and you assume to know the landlords tax situation.

Inflation

Its a business

Your free to purchase Our own place or move

Within the law

High cost /risk

All of the above and more is why landlords can increase rents.

No big conspiracy just market factors at play. Constant government interference is guaranteed to make it worse

There is no right that I’m aware of to either housing nor food, but I catch your drift and agree with most of what you posted.

It's the law of supply and demand. This time next year the problem may be trying to feed ourselves not the price of rentals.

Fertlizer prices are going through the roof. Last year as farmers we paid 340/ ton for Urea, next spring it's projected to be up and n 1k/ ton....and that is if we can get it. On a 5 year average Urea has averaged about 380-390/ton.

If I buy the same amount of fertlizer as last year my bill will go from less than 3k to about 9k.

the so called ' laws of supply and demand' are actually not laws at all, this was termed as so in order to compete with the scientific sector, but the major difference between the two is that scientific laws go through rigorous tests and procedures, in order to be determined laws, this is not so in the world of economics

yes people are entitled to vote for who they like, but continually voting for parties that advocate for such outcomes, is very likely voting against your own kids, grandkids, nieces and nephews future

homeowners are under severe pressure, theres enormous risk involved in being a landlord, the main way of increasing protection and reducing risk, is to increase rates, its virtually the only tool they have

All right if you want to nit pick ittge ''effect of supply and demand''