If you want to confine rental property investment to professionals who will be happy to let out properties indefinitely and never utilise these properties whenever they or their dependents need them, fire away, but do bear in mind that this would turn the current exodus of buy to let owners into a veritable flood.You have to consider if in Ireland we have very short term mindset when it comes to rentals. We have the mindset that is temporary accomodation. But actually many people will rent for most if not all of their life. We also have the mindset that is not really a business premises, but the landlords personal accomodation. Temporarily borrowed by a tenant.
Is this really a professional approach.
No, I didn't realise that. Care to illuminate me?"...utilise these properties whenever they or their dependents need them..."
You realize ".. whenever..." hasn't been allowed for many years.
Renting a property is a commercial transaction nothing more nothing less. Both parties have a right to terminate the contract on agreed terms.You have to consider if in Ireland we have very short term mindset when it comes to rentals. We have the mindset that is temporary accomodation. But actually many people will rent for most if not all of their life. We also have the mindset that is not really a business premises, but the landlords personal accomodation. Temporarily borrowed by a tenant.
Is this really a professional approach.
How do rental markets in Europe compare to the UK?
As reform looms for the UK lettings market, The Negotiator looks at how the different European countries on the continent operate theirs.thenegotiator.co.uk
Another conversation we should have is our population has increased by 1,000,000 since the last census. Most of the high earners are comfortable with large institutional investors to rent from. The real issue is small Landlords have taken over the role of the Government by providing social housing for those reliant on housing payments.I thought I just did.
Landlord rights is one thing. But there's another conversation around tasting like a business.
The market probably has to move where a rental can't be chopped and changed between rental and LL 2nd home.
Not chopping and changing is a good way to describe it. The business-owner has to make a decision at the start on what kind of business, as in airbnb, etc.Do you mean that if someone buys a property and rents it out, they can never thereafter occupy it themselves nor can a family member or someone else close to them?
Of course, evictions for non-payment, if that's what you mean, should be enforced.But some control and protection needs to be given to landlords whatever happens. A lowering of financial risk.
Another conversation we should have is our population has increased by 1,000,000 since the last census. Most of the high earners are comfortable with large institutional investors to rent from. The real issue is small Landlords have taken over the role of the Government by providing social housing for those reliant on housing payments.
Well exactly..Not chopping and changing is a good way to describe it. The business-owner has to make a decision at the start on what kind of business, as in airbnb, etc.
They can rent to the relative if a property becomes vacant.
This idea of asking someone to leave to move a family member in, is just wrong. (I have a relative who's a landlord and I would never ask or suggest to move in while there's someone living there, though legally it's possible).
Of course, evictions for non-payment, if that's what you mean, should be enforced.
Any eviction ban that might be brought in should be on the condition that rent is paid.
If not then then the landlord should be compensated for any rent that isn't paid. Actually would say that regardless of whether eviction ban is brought in or not. If a tenant has no choice of place to move to, and does not pay due to affordability reasons, the government should compensate the landlord, because the government has failed to provide accommodation for people who should be able to move if they need to.
Look it's very simple. The more restrictions you introduce on what a rental property owner can do with their own property, the fewer rental properties you will have, and the higher the rents and homelessness crises will escalate.Not chopping and changing is a good way to describe it. The business-owner has to make a decision at the start on what kind of business, as in airbnb, etc.
They can rent to the relative if a property becomes vacant.
This idea of asking someone to leave to move a family member in, is just wrong. (I have a relative who's a landlord and I would never ask or suggest to move in while there's someone living there, though legally it's possible).
Of course, evictions for non-payment, if that's what you mean, should be enforced.
Any eviction ban that might be brought in should be on the condition that rent is paid.
If not then then the landlord should be compensated for any rent that isn't paid. Actually would say that regardless of whether eviction ban is brought in or not. If a tenant has no choice of place to move to, and does not pay due to affordability reasons, the government should compensate the landlord, because the government has failed to provide accommodation for people who should be able to move if they need to.
If you take that attitude, you can safely bet that soon enough it won't be a rental.It's either a rental or is isn't.
Is that simple enough.
There has to be fluidity in the private rental market or you won't get people investing and those that have are running for the hills. The government have shifted the blame for lack of housing on the small private landlord, while quietly pocketing up to 50% of the rental income. And now they are threatening us with indefinite tenancies. And landlords are still the bad guys!It's either a rental or is isn't.
Is that simple enough.
If you take that attitude, you can safely bet that soon enough that it won't be a rental.
There has to be fluidity in the private rental market or you won't get people investing and those that have are running for the hills. The government have shifted the blame for lack of housing on the small private landlord, while quietly pocketing up to 50% of the rental income. And now they are threatening us with indefinite tenancies. And landlords are still the bad guys!
This "attitude" you refer to is actually the law. Had been the law for considerable number of years.
I'm not sure if you are being sarcastic if so why? Or genuinely not know the basics, if so also why?
I'm still waiting...No, I didn't realise that. Care to illuminate me?
I'm still waiting...
Exactly.You can't evict people "whenever" you need one of the valid reasons and valid notice period.
That's a fairly weak basis upon which to accuse me of sarcasm or "genuinely not know(ing) the basics".My comment was in relation to the "whenever" in your comment. Which is why I specifically quoted it.
Beside the point. That didn't last "for many years" so it doesn't advance or justify your claim.But as an aside we've had a an eviction moratorium the lockdown, (27 March 2020) if they bring in another it will be the second one.
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