Thinking of selling a rental property? You should probably get a move on...

Tom do you know the percentage of rentals per category, council, charity etc? I wonder what the percentage is for private landlords.
 
TomEdison said:
By setting your rents below market in order to attract the most desirable tenants, you were very consciously competing against other landlords, including institutional landlords. Not competing to get the highest immediate rent, but to get the most desirable tenant. I hope the strategy worked for you and, if it did, it worked precisely because the rent you sought was competitive.

I can't speak for Dr Strangelove as regards what he meant by "amateur landlord", but I think his post contrasts institutional landlords on the one hand (renting property is their primary or only business; they have a relatively large number of properties to let) and small, private landlords on the other (they have other occupations and other sources of income; they have a small number of properties, often just one, to let). His point is that, in numerical terms, the market is dominated by the small, private landlords. Although the institutional investors are much, much bigger than almost any private landlord, they only let about 4% of properties for rent, and that situation is a long, long way from a situation in which institutional investors would have the market power to determine market rent levels.
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Any collaborative effort to control rents can control a market irrespective of the size of the group doing so. Without getting to deep into economics institutional landlords are effecting the market simply by showing what rents are demanded in a market that has chronic undersupply. When there is equilibrium in a market then it is more difficult for markets to be controlled by either "buyers" or "sellers" unless either controls a significant part of the market.

Other members of the market are then aware of the ceiling price of the market at that point and will decide what charge they levy.
 
TomEdison said:
I can't speak for Dr Strangelove as regards what he meant by "amateur landlord", but I think his post contrasts institutional landlords on the one hand (renting property is their primary or only business; they have a relatively large number of properties to let) and small, private landlords on the other (they have other occupations and other sources of income; they have a small number of properties, often just one, to let). His point is that, in numerical terms, the market is dominated by the small, private landlords.
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More or less the above.

ASM threads are full of landlords with:
-1 or 2 properties assembled by accidental
-profound ignorance of the regulatory regime they have to operate in

So I think “amateur” is fair terminology.

Likewise just browse daft.ie and you’ll find lots of lettings by people who clearly don't take much care of their asset.
 
TomEdison said:
By setting your rents below market in order to attract the most desirable tenants, you were very consciously competing against other landlords, including institutional landlords. Not competing to get the highest immediate rent, but to get the most desirable tenant. I hope the strategy worked for you and, if it did, it worked precisely because the rent you sought was competitive.
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Where I am/was but will be, originally there never were institutional. But there are now and will be. When I started it was white Irish, but quickly became Polish/Lithuanians - hard workers. Changed before I got out to other emigrants including refugee or asylum, hard to tell. A couple clearly traumatised, war or mental issues. No baddies. But my lord are they all milking the system. My child now subletting off a HAP tenant of a sibling, said tenant living where with wife and kids. Just got his naturalisation papers. He saw the property being renovated and told us he’s a load of potential tenants. The Irish roofer also wants to rent it, for his adult at home mid twenties child.

There are plenty properties empty, but they require a lot of work, it’s very costly.

Yesterday in a good Irish town I was brought to see two housing estates. The brand new one has houses for sale for quite a time, but not sold, around 350k, accroissement the road you can buy two for that price, but none for sale. That’s a no brainier to me, buy two live in one and rent the other. But they all want the bling of new. (This is in the context of there being no housing and we are wondering of the truth of that.)
 
Leo said:
Perhaps because there are so few who are prepared to actually put in any effort at all? The countless threads of issues with management companies here would suggest many don't want to put in the effort and are happier complaining about the efforts of the few who do.
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The problem is finding finance, and agreeing on what is required. Unlike most European countries where up to half the population live in apartments just 10% do so here. And of the remaining housing stock, only 10% is 2 bed homes or smaller.

The problem with cooperative housing also is same as any other development - you need zoned land, planning, and first of all an agreement among all the members to building something everyone will agree on - which won't work at all if its not a manageable apartment block, which is a highly stigmatized form of living here, where everyone thinks they will be traumatised unless they can live in a 3 bed semi
 
Dr Strangelove said:
More or less the above.

ASM threads are full of landlords with:
-1 or 2 properties assembled by accidental
-profound ignorance of the regulatory regime they have to operate in

So I think “amateur” is fair terminology.

Likewise just browse daft.ie and you’ll find lots of lettings by people who clearly don't take much care of their asset.
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No problem being called amateur, a name doesnt mean much..

I did as you said and looked on daft, searched county dublin and dont see anything shabby (now I didnt go thru 55 pages of them), all I see are exorbitant prices: https://www.daft.ie/property-for-rent/dublin?pageSize=20&from=0

Widened search in case you meant outside Dublin, so searched Cavan:
www.daft.ie

Property to Rent in Cavan (County) | Daft.ie

Find Property For Rent in Cavan (County). Search 16 properties for rent in Cavan (County) on Daft.ie now.
www.daft.ie www.daft.ie

Care to show what you mean, providing 1 or 2 examples wont do, as you said "lots of lettings"?
 
TomEdison said:
I can't speak for Dr Strangelove as regards what he meant by "amateur landlord", but I think his post contrasts institutional landlords on the one hand (renting property is their primary or only business; they have a relatively large number of properties to let) and small, private landlords on the other (they have other occupations and other sources of income; they have a small number of properties, often just one, to let). His point is that, in numerical terms, the market is dominated by the small, private landlords.
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I dont see this..

On daft their are 2017 properties to rent in ireland, out of that county dublin has 1081 properties which is over half (as far as I can tell county dublin does not even account for the whole of Dublin either).

To me it looks like alot of those 1081 properties are from companies, I didnt go through the 55 pages but looks like mostly companies renting them out?

Care to show how the market is dominated by small landlords?
 
Dr Strangelove said:
Here’s one.

No letting agent, pure minimum upkeep of property visible in photos.

I am not dissing this. The landlord is providing a useful service.
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I dont see it...

The rent aint as exorbitant, other stuff in the city go from 2k up to 3k+
Its clean, when you say minimum upkeep, just the stuff is old
I do not see a problem with that, I would say would suit alot of people who wont / cant pay the other prices

In fairness, you pay 1450pm, and may spend 500 - 1k on doing it up yourself - lick of paint, IKEA stuff if you want.
Or pay 2k (at a very minimum) to company.

18,400 v 24k (at a minimum) - I know what Id go for.

Ppl are so easily fooled, blinded by bling!

Now if you could show alot of damp ridden, dirt everywhere etc then you would prove your point!
 
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