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

Status
Not open for further replies.
Tom do you know the percentage of rentals per category, council, charity etc? I wonder what the percentage is for private landlords.
 
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.
 
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.
 
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.)
 
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
 
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:

Care to show what you mean, providing 1 or 2 examples wont do, as you said "lots of lettings"?
 
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?
 
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.
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!
 
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.
This would be an attractive property for lots of people, the rent is low and it is city centre (I know it is a studio). The fact that the rent is €878 indicates that the landlord is complying with the RPZ rules and that may be why upkeep is limited. Current allowed increases are €0 or as close to it as makes no difference.

The landlord could improve the studio, but why bother. It'll rent at that price and the rent can't be increased even if it has a very expensive makeover. The landlord is likely simply making a business decision here as we are always being encouraged to do on this forum.
 
The property I rent is well maintained. But that's definitely a thing that LLs would consider. When I purchased the property, we renovated it from top to bottom. Our goal was to rent a nice place at the highest price possible. Now, it's about 60 per cent under the market. It's maintained but things that we could have done are simply not done. Why would we change a decent kitchen with a rent stuck in the past? We could rent it multiple times each time it comes to the market.
 
€878 rent.. wow great
When I clicked that link when I first saw it (yesterday) it brought me to a studio for 1450!!
Anyway proves my point even better now.

878 for city centre will be picked up by a happy tenant in no time..
 
Last edited:
Why would we change a decent kitchen with a rent stuck in the past?
Why would you any way? It's a business!! Any further investment of funds should be to protect the value of your asset or increase your return. In a renters' market investing in a new kitchen might makes sense in order to attract or retain better tenants, but it makes zero sense in the current market.
 
I'm reminded of Swedish economist Assar Lindbeck who once said “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”
 
I'm reminded of Swedish economist Assar Lindbeck who once said “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”
Rent controls are known to negatively impact supply, but that's a different matter. Thinking about spending money unnecessarily replacing fixtures and fittings is nothing to do with rent controls, it's just poor business.
 

Rent controls are known to negatively impact supply, but that's a different matter. Thinking about spending money unnecessarily replacing fixtures and fittings is nothing to do with rent controls, it's just poor business.
Not necessarily. Absent rent controls, you could well take a business decision to refurbish on the basis that you will get a higher rent and/or a better tenant ie. the investment ultimately pays for itself and then makes you a profit.

In the current market, you can't increase the rent and as supply is limited (very likely rent controls are a factor here too) you have your pick of tenants anyway- so why bother.
 
Not necessarily. Absent rent controls, you could well take a business decision to refurbish on the basis that you will get a higher rent and/or a better tenant ie. the investment ultimately pays for itself and then makes you a profit.
Yes, but as stated above, in the current market you are unlikely to get a return on that investment. In a market where rents are at an all time high, spending thousands on a slightly better kitchen is not likely to be a wise investment.
 
Why would you change the kitchen anyway, if its in good condition and the tenant isn't complaining? My parents are perfectly happy with an early 1980s kitchen in good working order and looks much nicer than the stern metallic and grey look so trendy now. If it isn't broken, why fix it?
The whole point of refurbishment of properties (let or otherwise) is to bring them to modern standards. In reality more kitchen upgrades are done for fashion and cosmetic reasons. Just fix what needs to be fixed and keep up with the important upkeep, not the unimportant trendy stuff which your tenants won't thank you for anyway.
 
To be fair there, as of 2007 or so I was paying around 650 per calendar month for something like that in Cork city north. But my income was half what it is now with poorer t+cs. It comes as no surprise that rents have risen in line with salaries - people keep going on about the tiger era rents being lower, but an awful lot of the people renting then were earning half or less what many tenants earn now. And a lot of those tenants were far less likely to buy in those times either, there was a much bigger gap for the typical tiger era tenant who couldn't afford to buy compared to tenants in Dublin now earning 60-80k who have a far better change of affording something north county or commuter belt than the same age group of 20 years ago.
 
Any landlord who has rents locked in by RPZ won't advertise on daft.ie. They cannot. Someone told me a couple of years ago that her daughter put a rental up on daft and she got 60 calls in one day, most of them wanting to know if she accepted HAP. Most side-line landlords (aka most landlords) won't have the time to deal with that so they'll put out via word of mouth via friends, family or work that there's a good value tenancy available, and it will be filled in no time. You also don't want to be advertising on DAFT if you were not previously registered and are moving the rent higher than the permitted rpz limit to the new tenant.
 
Status
Not open for further replies.