Why do Landlords feel entitled to rent increases?

Yep most is fixed. In my case the amount I deduct is about 20% of total rent, including capital allowances

it’s mortgage interest, insurances, daft, accountant, boiler services etc etc.

the LPT was agreed as a deductible with Noonan in 2012, and then never implemented. That’s the biggest non-deductible.

we’ve a lot of kitchen whites across all rentals, usually 10-15yr lifecycles, so there’s always something like a washing machine that needs replacing and it’s never a surprise.

the only surprises are with things like the current storms - damage to roofs is expensive. boilers are €2k, sheds are €1k and so on - those are surprises, but you can factor them in on about a 15yr lifecycle.

Plenty of people recon trying to time the market is pointless. I remember in 2013 people lamenting that there was no value in the property market any longer. I remember when we bought our place in 2016 people saying we bought in at the peak. There are lots of mini cycles but if you're looking for long term investment what happens in a given quarter or year or even 5 years matters little.

I speaking more general about the idea that investment is all about timing the market. I'd argue that when it comes to regulation, timing is also not super relevant as regulations are only marching one direction and apply to all landlords regardless of when you got in.

Didnt say they did.

Person buying it is probably buying it through a company structure. Assuming that they put up 20% and they can borrow 200k the repayments over 20 years is 14K/year. An informal tenancy while risky also means they can up rent on tenant. An informal tenancy also means tenant can be given notice if buyer wants the premises himself.

On the short term buyers would need to top up the mortgage repayments by 2k/ months. At the end of 20 years you own the premises and the yield is all income. Adding 2% inflation in yield and property value would mean property would be worth nearly 300k and yield would be 20k/year.

Lots of companies have cash swirling in bank accounts which are effected by negative interest rates, investments lime that may be tempting

Admittedly, I haven’t read the whole thread (going to do so now), but genuinely need to know why you as a tenant think your landlord should be empathetic to your situation?

It’s a business transaction that’s very much driven by the quality of the product and the market.

Would you expect your utilities company or your supermarket to be empathetic to your situation? You’re not expecting them to give you a cheaper price for their product, so why should a landlord?

As an accidental landlord, I can tell you the figures really don't add up for people like me.

I have tenants in my house at below market rent. I agreed to sell the house to them in September of last year but they have not yet secured a mortgage - although it looks like they finally be successful with a Rebuilding Ireland home loan. They have a meeting with the local council on Friday.

Between tax, maintenance, insurance etc. the house is costing me an average of €350/month on top of the rent. I have stood by my agreement of September 2020 even though the property has increased in value by at least €35k. I am lucky enough to be in a position to be able to afford to back up the mortgage and pay additional costs - a lot of landlords are not. I have set a target of 1st Feb for my tenants to have deposit paid and contracts signed, otherwise, I will be serving a Rent Review notice. I will also be withdrawing from the agreement to sell the house because, if I am getting market rent, it will not cost me as much to hold the house. Either way I am not too bothered, I just don't really want to be a landlord.

Renting houses on a professional basis is a business like any other. People invest in stock and expect to make a profit.

The government rely on the private sector to house people, this should not be the case. Local authorities have massive landbanks around the country and could essentially be the largest construction company in the country but there is no joined up thinking.

‘Twas ever thus. It is undeniably more expensive to live in a city, Dublin has always been more expensive than outside it. But if you can’t afford to live there, then you have little choice but to move to a lower cost location, always been that way.

Based on the Dublin limits you're household with two people is at or above the average industrial wage. You're not well off but are better off than a lot of people, if the state deemed you had sufficient means not to need support, I'm not sure why you'd expect a handout from your landlord?

OK, this is gonna sound harsh, but you're blaming other people for your inability to maximise your potential.

When I (we) first went to buy a house, firstly, we stayed at home until we had the deposit together for a house. Didn't smoke, had one cinema trip & one pub night out a month, no extras, save everything. We got mortgage approval & kept getting outbid constantly on houses. The banks (rightly) wouldn't loan us any more money.

We ended up moving to the far side of Drogheda from Dublin. We both worked in Dublin City. Moving to Drogheda meant we had the added expense of a monthly train ticket to get to & from work, the times were lousy meaning we would arrive about 40 mins early & leave about five minutes before official quitting time, just so our working hours lined up (also had to stand the entire way both directions).

This added train ticket cost would have more than covered a higher mortgage payment, pain in the ass but that's the situation we were in.

Over the three years we lived there, we both unskilled & earned more money, this allowed us to put a bid on a run down ex rental house that frankly the previous tenants just didn't care about. Holes in walls, doors, an Jesus, the smell... But it was all we could afford.

Spent the next couple of years fixing it up & making it comfortable. Kept studying, kept ups killing, kept asking for more money (& getting it), sometimes this involved moving jobs, but we were back in Dublin

Then sold it & are now in frankly the biggest & nicest house I've ever lived in. Bigger than our parents houses, way bigger than our old houses. Four large bedrooms, multiple bathrooms, lovely gardens, all mod cons.

We're still upskilling. We want more.

Nobody's gonna give you anything. Nobody's gonna come and tell you they're here to help. It's just you.

Improve yourself, improve your circumstances, start upskilling, find a niche & make it yours. I don't have a traditional school exam to my name, no inter/junior or leaving. School was very much not for me, but I recognised a couple of years later that I'd have to get my ass in gear if I was going to make serious money (or even decent money). Stop bitching online & get hungry, you can do it. Reduce your expenses by moving somewhere cheaper, maybe move job to the same area & then study your ass off in an industry that's in demand.

I have friends in RPA that after six months of study & then another six to eight months of experience are on €50k+ a year, I've one friend who works four days a week as a contractor at €1,250 a day (again automation but with years of experience in a pretty niche market). He doesn't have any traditional school exams either.

If us load of asses can do it, anyone can.