Rent arrears described as Long Covid

Hmm, what Donald Trump is saying makes a little sense. I can easily see someone who would just not pay take on a property at a high rent intending not to pay, or someone with bad relations over rent increases just deciding to not pay until they are kicked out.

As a landlord I (and others) do keep the rent a bit lower for decent tenants. Not saying that is any better or worse as a strategy, but it something I believe tenants appreciate and results in a good relationship.

Equally hard to know though if they are decent or not before renting to them. So as easy as it sounds...

The tenants owe the landlord over 70k as a result of that contract. Same as in any business and any contract.

We really need to get rid of these "have-a-go" landlords that can't get their heads around basic facts and realities.

I have two relatives who found themselves as unexpected landlords due to getting married in the late 2000's and early 2010's after the crash. They both rented out their properties at below market rent. In both cases to tenants they didn't know personally although in one case the tenants were recommended by a work colleague. They still have the same tenants because those tenants don't want to lose what they have. And they never give a bit of trouble.

I'm sure they could kick out those tenants and try to bump up the rent, but they appreciate the value in having no hassle and good tenants.

It really shouldn't be that difficult to understand. The suggestion is not to charge the same tenants less money, the suggestion is to charge less money to get better tenants. There isn't exactly a shortage of tenants out there so you have plenty of choice. Maybe the one that offers the most money isn't the best choice. That's all.

There is no need to register as a charity. We are merely giving you some helpful suggestions as you don't appear to be able to cope with managing the risk as things currently stand. One solution would be for you to get out of the industry and instead allow the people who can cope to take over. Another would be to try to find some ways for you to lessen the risk so that you can indeed manage.

How about if you don't pay you are compelled to leave in a timely fashion

And if you damage you are forced to pay damages in a timely fashion

And then there's no need for anyone to "explain" about risk management

When the **** risk us caused by moron legislation the best way to have it managed would be to amend said legislation as above.

But of course it will take a lot for bullshit populist legislation to be changed to what it should be and its advocates to give up their twattery imo so the risk will have to be managed by not taking it at all as its simply too great.

You have an innocent and naive view of the world. You will find that in the real world, especially in business, that people do not always do what they should do. You have to be able to cope with that though if you want to stay in that business.

You get compensated for the risk you take. You would have no justification calling for an above risk-free return while demanding risk-free conditions.

In what world could it not be foreseen that a tenant might not pay their rent? I think their rental started back in 2019. Would you like me to search boards.ie threads from that time to give you examples of people complaining about such issues back then?

Only an idiot would rent out their house thinking they are immune from the possibility that the complete stranger and who agrees to pay them could ever, not even in their wildest dreams, ever decide not to bother paying them.

Some links for you given that you think such a possibility could not have been envisaged back in 2019 and before:

Even a post here from some fella in 2019 going on about the issues. I wonder if he ever managed to get his head around them.............

Nearly 4 years later and still whinging about the same issues............

The tenants still owe the landlord the money. They most definitely played the system and were assisted by covid etc.

(Whether he can get it from them is a different matter)

Oke Dokey

If you own a house and don't pay your mortgage, it can take up to 10 years for a bank to reposes a house. Why should renters be treated any different ? As I posted yesterday, FF/FG are under the same impression.

When the property crash hit, many many property owners were bailed out directly and indirectly by the rest of society. Pressure was put on banks to facilitate restructuring of loans. Rules were changed so that banks could pretend that houses were still worth far more than they were (which meant that other actions such as repossessions were not triggered)

A blast from the past:

I guess I'll never know what "being a landlord is about". Presumably some kind of spiritual, metaphysical journey to enlightenment. 😉

Oke Dokey