That's why you have think outside of the box and also pick your type of commercial property wisely, as well as choosing the right location... There's tonnes of types of commercial property that are still doing well, you just have to make sure you do your research and due-diligence to find those types of commercial properties!
@@sharonmc5192 all of the above and dont forget it is simple now to change empty commercial high street units to residential and sell with very favourable planning laws and tax incentives (VAT and capital allowances). Good luck.
Then buy them at low cost and convert using PD to resi. Pay only 5% VAT earn up to £1m tax free per person per year, learn how to use the fabulous low cost buildings that are everywhere!
Good video. I am a tenant in London. I have been renting property for 47 years from a wide variety of landlords. I will soon be renting in Clacton on sea as London prices are more than I want to pay and also I am retiring by the sea. I have not rented from a landlord who has NOT tried to unfairly raise my rent, get me to leave or unfairly keep my deposit. I have fought them all and I have won every time leaving a long history of regretful landlord. I understand money is so very important as I am a money making capitalist myself but your opening motto of 'money matters' sets your clichéd landlord standards out for all to see, yes of course money matters and is hugely important but a tenants health, happiness and home is equally if not much much more important. A tenants attachment to thier rental property and need to avoid being homeless is a great weakness and vunerability which landlords do not have and often do not understand or care about. Most tenants are crushed or made homeless, I am in the minority due to my legal talents, personal assertiveness and willingness to be unfair against those who try to treat me unfairly first. I look forward to removing no fault evictions, having a floating deposit system and reasonable permission to keep a companion animal. Landlords are not selling hot dogs they are providing an essential service to vulnerable tenants. Things will soon be on an equal and fair footing where I have to treat my landlord, his property and payments with respect and he has to stop putting money first by lying and getting out the thumbscrews.
You sounded a savy tenant! But instead of being cleverly won so many court cases against your landlords, you could have purchased your own property from all those rent you've paid out over the last 47 years, well done! Not.
People will still prefer residential property and with the number of stores empty or having to let or for sale signs on high street very doubtful it will be profitable
My advice for small landlords get out now well you can still get reasonable prices. More austerity will mean more tenants unable to meet rents which means higher costs trying to get them out plus all the other chaos that follows. Sale up now hopefully a lovely balance left over. Sadly banks have been great friends to landlords over the last decade looking for new mortgages especially if they already own properties so some landlords may already be in so deep they have no freedom to sale up. Greed is a nasty monster. It’s sad that no democratic country controlled it. If labour does too much that mortgage bubble will pop then chaos.
UK government just do something to shirk its responsibility only. Cancellation of no fault eviction, the gov need not to provide house for the evicted tenant. The poorest condition of house is exactly provided by the local council, the government from the news. Request the landlord to provide dream home to the tenant but restrict the rent increase. Force the landlord to upgrade EPC but after upgrade, it has issue of damp and just say it is LL responsibility……. The gov can provide adequate house to the tenant and dominate the market. No need to deprive the right of landlord and landlord should sue against the gov for deprivation of normal right of landlord. The tenant can choose any landlord they want but landlord cannot.
@@PaulSmithTouchstoneEducation😂 Everybody knew the vacancy rate of commercial properties are very high, especially office. The rent of commercial properties in general must be in decreasing trend rather than increase in past year. I don’t know why you will advise to buy commercial properties. One reason that you are sales and agent on it.
Nice video, the issue with most of us landlords with out properties in our own names, is that if we wished to put them into a Ltd company now, we would have to pay CGT, as that transfer is viewed as a sale by HMRC. I have been selling up and only have one property to go, the small landlord with up to 4 or 5 properties is over. The BTR corportate boys are taking over, let the govt house the thousands of homeless that will come from all our evictions. One thing not mentioned in this excellent video is that in the new Labour RRB, they are looking at something called a 'hardship test ', not good. If they remove s21 and bring in a hardship test, then all a tenant has to do is prove to the court that by you evicting them they will suffer..........hardship......... and that court could stop you evicting them ! Think on that, you have lost control of your property............... SELL NOW.
Currently the capital form my sales is simply sitting in a high interest savings account, I am over 60 years old and have been working all my life in a job with a good pension, so has my wife, we are due to retire in the year. My rentals were never my main income, the monies will be used to travel and gift to my children to pay their mortgages. I have found in the job I do, that life has a habit of messing up your plans to live to 100 ! So when in good health, grasp that good fortune and make memories. Good luck with all your plans.
Particularly at the opening stage of property investment, it makes a lot of sense to invest in one's own name as less likely to be more than a Basic Rate Income Tax payer AND it avoids the issues of owning property in a limited company, namely the extraction of profits problem, fewer mortgages available and at slightly higher cost. Even for those people who are higher rate Income Tax payer it may be possible to drop them into the Basic Rate bracket if they have self-employed or employment Income with large contributions to a personal pension plan. Once the size of the portfolio rises beyond a small handful, it makes sense to buy ongoing properties through a limited company.
If you only have one BTL with no mortgage and its rented to the council then its really not a problem as owning a LTD company as you say is ok until you want to get your money out yes you can offset various expenses but ultimately you save very little when the time comes to exit and take your money out.
@@oldmangolf72 The trick would be to stop being a UK resident when extracting dividends from the company when winding it up, say, as only UK residents pay income Tax on dividends received. Advice needed to carry this put properly.
I have a tenant that I’ve never increased the rent. They’re no longer in a fixed term tenancy agreement and are simply in a rolling contract. In order to increase the rent via a section 13, do I require the tenants consent to the rent increase or is that simply for tenants within a fixed term agreement? I’d really appreciate your thoughts on this please? Thanks in advance
Any increase in landlord costs will be passed on to tenants, as has been done during the last 10yrs. Best option is to clear your mortgages by selling some of your units.
Hi Paul, I am the Landlord. Middle man Estate agent absorconned without paying 3 months rent areares. I do not want to go to court. I several times visited agent office. Today I got parking notice. From that day till today no validating machine worked. Not possible for me to enter my car reg. What to do now? Can I pay £60 and pay further parking fines? Please advice. Also is there any insurance for agent not paying?
I'm pretty sure you can move an existingly owned property into a newly formed LTD company but it's a lot harder to do and takes a lot of time to switch rather than starting out with an LTD and purchasing the property with that company.
If by "move" you mean sell and buy into limited you can indeed. Of course you will pay stamp duty and capital gains (probably). Incorporation relief will help larger landlords. There are other ways too but generally if one or two properties very difficult to make the numbers work to support selling to limited co.
Moved back into each of my properties and project managed lipstick renovations for a year then sold out. Four more to go and I am out baby.... heading back to my overseas idyll and managing paper investments.
A better lesson to learn for Landlords would be "What is a mutual fund?". It boggles my mind anyone would want to run around after tenants for a return that is less than you get for just investing in a tax efficient wrapper. I know people love to brag about their rental investments, but its financial illiteracy.
As long as a person is investing to grow and protect their wealth for the long term I think many investments are great. I hold property (Resi and commercial), shares, gold, crypto, I buy and sell businesses, invest in private equity, have a private wealth account, use my Lombard facility extensively. I do not think on or the other of these is "best" I recommend a balanced portfolio. That said my wealth all started from property. Tax breaks are huge to buy, improve and sell your home in the UK. 100% tax free. From property I was a millionaire (on the side while working a full time job) by the age of 28. The amount of wealth that can be created through property with little to zero starting capital is huge. I do agree that improving financial literacy is a wonderful thing.
Problem is great to tell everyone But if you became a landlord by accident , you can not move into a Ltd company without £100,000’s of stamp and capital gains tax ????
So Paul, are you saying Labour are talking about abolishing the 20% tax credit for basic rate tax paying landlords? This would be a big deal for us! I cannot find any info on this anywhere online so would be great if you could point me to somewhere I can look into this further.
I welcome rent controls. They have them in America. Landlords use leverage as an unfair advantage. You only need one property to live in, the rest isngreed.
On a side note, someone called Adam McGhee is claiming that he is working with Touchstone in a company called DNA. He has sent me a telephone number to call him on Friday, but as his FB account only started on August 14th, this smells very fishy! Any commemt? Cheers! Jobn
I'm desperately trying to sell my father's house to pay off the lifetime mortgage and have some left for his care no one is interested, it's now £30,000 less than 6 years ago
So let's say 94% of landlords do what you say and buy commercial property Where the fuck do I live then ? You are aware councils up north are funding illicit landlords into buying up all the estates amd giving them to foreign individuals I make 70k a year self employed I can't rent shit in the 3rd worst place to live In the country This is nothing to do with landlords losing money This is to do with inshurances , fictional hoop jumping and excessive replacement of the English Maybe your too rich to notice but what your saying applies to nobody really If your investment is making you 1% a year and only just paying your mortgage I would rather invest in whiskey
@@roberttopliss8512 because they don't accept my money Simple as that 37 Estate agents with 15k 3 month period and 6 month up front Rejected, every single time. Bank goes nowhere , what do you mean you dont have 3 years worth of history Oh you run multiple businesses Oh your not ceo your investor So wheres this client Wheres this wheres that Some people work there entire life in one job People like me dont do that I made 40k off clothing by a swing deal , cost 600 pounds, 39.4 profit, invested , 85% gains in crypto , moved it bought several people opportunities, ran it for them , took 20% for life , handed back over Some of us are actually smart an dont need a lecture of what we can and can't afford when I can buy outright like you say Soon as its taken out of investment its dead money amd the bank and estate agents like that cos that's where they earn the real money When you struggle, why would they want me , I have enough P to protect my self , sue you and take the piss Agents love peasents
Sold mine off! The rents were virtually same as social rents. No help ever given for these "private" social housing houses. So "socialist" council you will now have to find your own £100k to build a house, and maintain and insure it service the tenancy etc. OOOh I haven't got any money ... its okay just put CT up and parking charges, shut libraries pay juicey pensions to your low output workers and general inefficiency. By the way the congestion charge has put repair etc prices up. No wonder only one in five of voted Slobbour... about the same proportion as pubic sector... funny that.
Anything that screws landlords is good news. Buy to let has massively contributed to house price absurdity, a house should be a home not someone else's pension. So buy to let folks can GFT.
Commercial.. Offices, everyone working from home... Shops closing down.... Tenant's for private getting worse, repairs cost high. Government can't provide housing..
Internet shopping = massive demand for warehouses, less home cooking = huge demand for takeaway food and delivery, electric cars = crazy demand for charging points I could go on... offices and shops are just 2 types of commercial property, the question is always where is the opportunity? Good luck.
If you're renting commercial units to small businesses Ltd company to Ltd company surely you're vulnerable? Small businesses go out of business all the time and close the Ltd company leaving all the debts behind!? Your rent being one if those debts! Commercial Mortgage rates and fees are extortionate for Ltd companies making most small commercial units funancially unviable for investors! I'm happy to be proven wrong. Over to you!
Let's see both sides of the story! That's what my mother recommended! Landlords have for far too long treat their tenants as if they are a piece of profit making machinery instead of human beings. Second or multi ownership is for one reason only business. So pay up! Taxes aren't their so wealthy get their profits at the general public expense...most of housing benefits is enriching the second home owners not the people in need of support. Squalid conditions have been overlooked too long and left tenants in conditions worse than criminals have in our prisons. There definitely needs to be a cap on estate agent commission and landlord pension plans being paid for by those on minimum wages. Get over your whining!
You're right that there needs to be a balance and that is the point of this video!... The balance has swung too far the other way... If you keep demonising landlords like you do and paint them all with the same brush in a stereotypical manner, it dosen't help the debate... Most private landlords I know are very decent people and quite often tenants living in social housing that are run by councils and the government live in far worse rundown conditions!... Before I owned my own home I rented 11 different properties and only one landlord out of those 11 was a poor one, the rest were fantastic so let's stop these lazy derogatory industry wide swipes at landlords because many studies have shown that the bad ones to be a tiny minority like in all walks of life!... If the government goes to war on landlords, it will just push prices up... It is no coincidence that since they started adding to the red-tape, regulations, new laws in favour of the tenants and also making it less attractive to be a landlord with tax changes that we've seen a massive decline in landlords in the industry with many leaving... This has resulted in rents going up!... Not only that, it means a lower standard of housing on the market because private landlords are the biggest renovators of run down property in the country... They also tend to make properties bigger by creating extra bedrooms in the attic... So whatever you think of landlords, it dosen't matter, the changes against them are pushing them out and pushing rent prices up and the quality of houses available being less desirable and more rundown, so it's not working!... Not for the tenants anyway!
You've just proven you have not looked at both sides, to be honest. You've tarnished all landlords to be the same. They are definitely not all the same. Whilst paying a mortgage, the rent isn't all the landlords profit. Landlords insurance isn't cheap either. Some of my tenants have trashed my house. Growing weed has caused a lot of damage to my property and cost of this is the in the thousands I am selling my house because it isn't worth it, and many landlords are now selling their rental properties. Also you have to take into consideration what would these people do without rental properties who need a roof over their heads. Finding good tenants is rare. They don't care about the property they live in because it's not theirs. Children swinging from windows, jumping on the conservatory roof. Trees have been set on fire. Oh, I could go one. Holes in the walls. Damaged doors. Having to buy new carpets. So no, you haven't looked at both sides, I have been a tenant myself and now a landlord myself. I have been on both sides.
Free-speech is great. If the government changes the rules, I will change my strategy. I feel balanced and content. I left home at 17 years old with £170. Nobody has ever given me anything. No benefit cheques ever. No charity ever. No hand outs. I have earned every penny I have. I am responsible for my wealth and financial success. The government will probably change the rules (again) in October. That will not hurt me. It may well however hurt the people it seeks to protect and benefit. This is the general law of unintended consequences that so often whacks politicians in the face. The day after any changes are announced I will start sharing with people that trust me how to take maximum benefit from the new rules of the game. Who do you think will end up better off?
Not really as he said many are private people who use it as a pension, they are going to drive down the private rental market, once there is very little upsides, no fault as well will cause major issues
Hmm I thought England is not a communist country. If people work hard and got enough money why can't they buy second house? How far would you go? If you got 2 cars you got more than your fair share? 8f you go on more than 2 foreign holidays you got more then your fair share? If you eat 5 meals a day you got more then your fair share??
@@andrealegg2527 Someone owning two cars doesn’t affect the ability of someone else to own a car. And your other examples are also nonsense. Owning more than one house in a country with a housing shortage would clearly be seen as having more than your fair share by most people especially if you acquired the money to buy the second house by using equity in the first. But of course no point in saying this to landlord types.
All landlords should be paying tax on the amount they house goes up every year as this is profit. That would stop the house price going up, which is has being going up for the last 27 years.
You do realise it already exists- which is the Capital Gains Tax they have to pay when they sell? Now they are trying to increase the CGT to close to 50% with allowance getting reduced to minimal it is pretty much the Government trying to legalise theft from people invested in properties.
high streets all over the country are full of vacant units!
That was my thought, unless he means more trading business units (garages, storage units that kind of commercial property)
That's why you have think outside of the box and also pick your type of commercial property wisely, as well as choosing the right location... There's tonnes of types of commercial property that are still doing well, you just have to make sure you do your research and due-diligence to find those types of commercial properties!
@@davidholgate123 100% correct. Warehouses, electric vehicle charging points, car parks, the list is huge!
@@sharonmc5192 all of the above and dont forget it is simple now to change empty commercial high street units to residential and sell with very favourable planning laws and tax incentives (VAT and capital allowances). Good luck.
Then buy them at low cost and convert using PD to resi. Pay only 5% VAT earn up to £1m tax free per person per year, learn how to use the fabulous low cost buildings that are everywhere!
Good video. I am a tenant in London. I have been renting property for 47 years from a wide variety of landlords. I will soon be renting in Clacton on sea as London prices are more than I want to pay and also I am retiring by the sea.
I have not rented from a landlord who has NOT tried to unfairly raise my rent, get me to leave or unfairly keep my deposit. I have fought them all and I have won every time leaving a long history of regretful landlord.
I understand money is so very important as I am a money making capitalist myself but your opening motto of 'money matters' sets your clichéd landlord standards out for all to see, yes of course money matters and is hugely important but a tenants health, happiness and home is equally if not much much more important.
A tenants attachment to thier rental property and need to avoid being homeless is a great weakness and vunerability which landlords do not have and often do not understand or care about.
Most tenants are crushed or made homeless, I am in the minority due to my legal talents, personal assertiveness and willingness to be unfair against those who try to treat me unfairly first.
I look forward to removing no fault evictions, having a floating deposit system and reasonable permission to keep a companion animal. Landlords are not selling hot dogs they are providing an essential service to vulnerable tenants.
Things will soon be on an equal and fair footing where I have to treat my landlord, his property and payments with respect and he has to stop putting money first by lying and getting out the thumbscrews.
OK .. understood.. let's see how this plays out.. fair is an interesting concept
You haven't really won you've paid off their mortgage😂
@@PaulSmithTouchstoneEducation notice you ignored my comments , thanks Paul, did you notice that I was correct
You sounded a savy tenant! But instead of being cleverly won so many court cases against your landlords, you could have purchased your own property from all those rent you've paid out over the last 47 years, well done! Not.
People will still prefer residential property and with the number of stores empty or having to let or for sale signs on high street very doubtful it will be profitable
I agree. Opportunity is where money is to be made that most people can not see.
Commercial property is not for me. Towns are ghosts towns and we just closed our office down. Work from home for us all.
OK ... more for me!
My advice for small landlords get out now well you can still get reasonable prices. More austerity will mean more tenants unable to meet rents which means higher costs trying to get them out plus all the other chaos that follows. Sale up now hopefully a lovely balance left over. Sadly banks have been great friends to landlords over the last decade looking for new mortgages especially if they already own properties so some landlords may already be in so deep they have no freedom to sale up. Greed is a nasty monster. It’s sad that no democratic country controlled it. If labour does too much that mortgage bubble will pop then chaos.
Good advice.
UK government just do something to shirk its responsibility only. Cancellation of no fault eviction, the gov need not to provide house for the evicted tenant. The poorest condition of house is exactly provided by the local council, the government from the news. Request the landlord to provide dream home to the tenant but restrict the rent increase. Force the landlord to upgrade EPC but after upgrade, it has issue of damp and just say it is LL responsibility…….
The gov can provide adequate house to the tenant and dominate the market. No need to deprive the right of landlord and landlord should sue against the gov for deprivation of normal right of landlord. The tenant can choose any landlord they want but landlord cannot.
Another cheating to persuade ppl to invest commercial property that the vacant rate is rocket high now
Or just pivot to commercial property? None of these issues apply. Good luck.
@@PaulSmithTouchstoneEducation😂 Everybody knew the vacancy rate of commercial properties are very high, especially office. The rent of commercial properties in general must be in decreasing trend rather than increase in past year. I don’t know why you will advise to buy commercial properties. One reason that you are sales and agent on it.
@@saml7449 simple: Plan, Do, Check, Act.. I am an engineer, I love systems that work
Nice video, the issue with most of us landlords with out properties in our own names, is that if we wished to put them into a Ltd company now, we would have to pay CGT, as that transfer is viewed as a sale by HMRC. I have been selling up and only have one property to go, the small landlord with up to 4 or 5 properties is over. The BTR corportate boys are taking over, let the govt house the thousands of homeless that will come from all our evictions. One thing not mentioned in this excellent video is that in the new Labour RRB, they are looking at something called a 'hardship test ', not good. If they remove s21 and bring in a hardship test, then all a tenant has to do is prove to the court that by you evicting them they will suffer..........hardship......... and that court could stop you evicting them ! Think on that, you have lost control of your property............... SELL NOW.
Thank you for your feedback and well-informed comment. Good luck in whatever you do next.
What are you investing in now? Stock market?
Currently the capital form my sales is simply sitting in a high interest savings account, I am over 60 years old and have been working all my life in a job with a good pension, so has my wife, we are due to retire in the year. My rentals were never my main income, the monies will be used to travel and gift to my children to pay their mortgages. I have found in the job I do, that life has a habit of messing up your plans to live to 100 ! So when in good health, grasp that good fortune and make memories. Good luck with all your plans.
Particularly at the opening stage of property investment, it makes a lot of sense to invest in one's own name as less likely to be more than a Basic Rate Income Tax payer AND it avoids the issues of owning property in a limited company, namely the extraction of profits problem, fewer mortgages available and at slightly higher cost. Even for those people who are higher rate Income Tax payer it may be possible to drop them into the Basic Rate bracket if they have self-employed or employment Income with large contributions to a personal pension plan.
Once the size of the portfolio rises beyond a small handful, it makes sense to buy ongoing properties through a limited company.
If you only have one BTL with no mortgage and its rented to the council then its really not a problem as owning a LTD company as you say is ok until you want to get your money out yes you can offset various expenses but ultimately you save very little when the time comes to exit and take your money out.
@@oldmangolf72 The trick would be to stop being a UK resident when extracting dividends from the company when winding it up, say, as only UK residents pay income Tax on dividends received. Advice needed to carry this put properly.
I have a tenant that I’ve never increased the rent. They’re no longer in a fixed term tenancy agreement and are simply in a rolling contract. In order to increase the rent via a section 13, do I require the tenants consent to the rent increase or is that simply for tenants within a fixed term agreement? I’d really appreciate your thoughts on this please?
Thanks in advance
Depends which country you are in. Best first step regardless is to talk to your tenant.. good luck
In England just serve S.13 with due notice of rent increase
In Scotland a landlord can give notice on a short term assured tenancy - usually two to three months -for selling - refurbishment etc
True but they actually have to then do that....
Any increase in landlord costs will be passed on to tenants, as has been done during the last 10yrs.
Best option is to clear your mortgages by selling some of your units.
Yes people own property and rent it out, but I have never ever seen anyone being forced to rent them, they do it of their own free will.
Truth
Very true, and we can decide not to rent as well … or can we under Labour ?
So rents go higher, supply and demand.
Yep
Hi Paul, I am the Landlord. Middle man Estate agent absorconned without paying 3 months rent areares. I do not want to go to court. I several times visited agent office. Today I got parking notice. From that day till today no validating machine worked. Not possible for me to enter my car reg. What to do now? Can I pay £60 and pay further parking fines? Please advice.
Also is there any insurance for agent not paying?
I assume though, that if you already own the property in your own name you can't just establish a company and move the property into it?
I'm pretty sure you can move an existingly owned property into a newly formed LTD company but it's a lot harder to do and takes a lot of time to switch rather than starting out with an LTD and purchasing the property with that company.
If by "move" you mean sell and buy into limited you can indeed. Of course you will pay stamp duty and capital gains (probably). Incorporation relief will help larger landlords. There are other ways too but generally if one or two properties very difficult to make the numbers work to support selling to limited co.
Where is the link to 3 part commercial investment series please, can’t find it in the description
2nd line of description.. hyperlink on mine works?
Moved back into each of my properties and project managed lipstick renovations for a year then sold out. Four more to go and I am out baby.... heading back to my overseas idyll and managing paper investments.
A better lesson to learn for Landlords would be "What is a mutual fund?". It boggles my mind anyone would want to run around after tenants for a return that is less than you get for just investing in a tax efficient wrapper. I know people love to brag about their rental investments, but its financial illiteracy.
As long as a person is investing to grow and protect their wealth for the long term I think many investments are great. I hold property (Resi and commercial), shares, gold, crypto, I buy and sell businesses, invest in private equity, have a private wealth account, use my Lombard facility extensively. I do not think on or the other of these is "best" I recommend a balanced portfolio. That said my wealth all started from property. Tax breaks are huge to buy, improve and sell your home in the UK. 100% tax free. From property I was a millionaire (on the side while working a full time job) by the age of 28. The amount of wealth that can be created through property with little to zero starting capital is huge. I do agree that improving financial literacy is a wonderful thing.
Problem is great to tell everyone
But if you became a landlord by accident , you can not move into a Ltd company without £100,000’s of stamp and capital gains tax ????
So Paul, are you saying Labour are talking about abolishing the 20% tax credit for basic rate tax paying landlords? This would be a big deal for us! I cannot find any info on this anywhere online so would be great if you could point me to somewhere I can look into this further.
Video coming
Surely the government will remove allowing mortgage interest as an allowable expense from limited companies as well.
If they do that the unwanted consequences will be huge. I believe that is very unlikely.
The Government wants the Corporation Tax .. and probably are not going full on “Communist “
I welcome rent controls. They have them in America. Landlords use leverage as an unfair advantage. You only need one property to live in, the rest isngreed.
On a side note, someone called Adam McGhee is claiming that he is working with Touchstone in a company called DNA. He has sent me a telephone number to call him on Friday, but as his FB account only started on August 14th, this smells very fishy! Any commemt?
Cheers!
Jobn
I have never heard of Adam. DNA are mortgage brokers as far as I know.... tread very carefully or indeed just ignore John.
I'm desperately trying to sell my father's house to pay off the lifetime mortgage and have some left for his care no one is interested, it's now £30,000 less than 6 years ago
I hate the "equity release" "lifetime mortgages" so sorry for what has happened to you
They’re a trap for the uninitiated.
1600 a month rent 😱most people don’t earn that money a month you need to lower your prices to help working people
They sell the council houses off and then blame landlords? 🤔
So let's say 94% of landlords do what you say and buy commercial property
Where the fuck do I live then ?
You are aware councils up north are funding illicit landlords into buying up all the estates amd giving them to foreign individuals
I make 70k a year self employed I can't rent shit in the 3rd worst place to live In the country
This is nothing to do with landlords losing money
This is to do with inshurances , fictional hoop jumping and excessive replacement of the English
Maybe your too rich to notice but what your saying applies to nobody really
If your investment is making you 1% a year and only just paying your mortgage I would rather invest in whiskey
Making 70k why not just get a mortgage and buy your own home?
@@roberttopliss8512 because they don't accept my money
Simple as that
37 Estate agents with 15k 3 month period and 6 month up front
Rejected, every single time.
Bank goes nowhere , what do you mean you dont have 3 years worth of history
Oh you run multiple businesses
Oh your not ceo your investor
So wheres this client
Wheres this wheres that
Some people work there entire life in one job
People like me dont do that
I made 40k off clothing by a swing deal , cost 600 pounds, 39.4 profit, invested , 85% gains in crypto , moved it bought several people opportunities, ran it for them , took 20% for life , handed back over
Some of us are actually smart an dont need a lecture of what we can and can't afford when I can buy outright like you say
Soon as its taken out of investment its dead money amd the bank and estate agents like that cos that's where they earn the real money
When you struggle, why would they want me , I have enough P to protect my self , sue you and take the piss
Agents love peasents
Sold mine off! The rents were virtually same as social rents. No help ever given for these "private" social housing houses. So "socialist" council you will now have to find your own £100k to build a house, and maintain and insure it service the tenancy etc. OOOh I haven't got any money ... its okay just put CT up and parking charges, shut libraries pay juicey pensions to your low output workers and general inefficiency. By the way the congestion charge has put repair etc prices up. No wonder only one in five of voted Slobbour... about the same proportion as pubic sector... funny that.
Thats ok nothing will ruin landlords,just sell and add to homelessness.
We need a new leader for the uk
Only the bad ones. Leave the good ones who are decent people not.
Anything that screws landlords is good news. Buy to let has massively contributed to house price absurdity, a house should be a home not someone else's pension. So buy to let folks can GFT.
Commercial.. Offices, everyone working from home... Shops closing down.... Tenant's for private getting worse, repairs cost high. Government can't provide housing..
Internet shopping = massive demand for warehouses, less home cooking = huge demand for takeaway food and delivery, electric cars = crazy demand for charging points I could go on... offices and shops are just 2 types of commercial property, the question is always where is the opportunity? Good luck.
Labour VS anyone who is an indigenous Brit. There fixed it for you.
£700 pounds a month to live in one room does that sound right to you rising homeless problem something must be done. End of
That is the market price...
Wonde what pubs will become ….? 🤔. Can anyone guess ?:
So you want to abolish rent tribunals?
So you want to have zero cost for tenants and £3,000 plus per year for landlords? This will simply get added to the rent..... Are you OK with that?
@@PaulSmithTouchstoneEducation yes. Rent tribunals are about basic human decency protecting against gangster landlords.
Thank fuck for that, i was wobbling on this labour government, i say give them a lifetime premiership
Just buy outright lol 2 houses a year
If you're renting commercial units to small businesses Ltd company to Ltd company surely you're vulnerable?
Small businesses go out of business all the time and close the Ltd company leaving all the debts behind!?
Your rent being one if those debts!
Commercial Mortgage rates and fees are extortionate for Ltd companies making most small commercial units funancially unviable for investors!
I'm happy to be proven wrong.
Over to you!
Landlords have always had it easy as most MP’s are landlords
I get that...
Let's see both sides of the story! That's what my mother recommended! Landlords have for far too long treat their tenants as if they are a piece of profit making machinery instead of human beings. Second or multi ownership is for one reason only business. So pay up! Taxes aren't their so wealthy get their profits at the general public expense...most of housing benefits is enriching the second home owners not the people in need of support. Squalid conditions have been overlooked too long and left tenants in conditions worse than criminals have in our prisons. There definitely needs to be a cap on estate agent commission and landlord pension plans being paid for by those on minimum wages. Get over your whining!
You're right that there needs to be a balance and that is the point of this video!... The balance has swung too far the other way...
If you keep demonising landlords like you do and paint them all with the same brush in a stereotypical manner, it dosen't help the debate...
Most private landlords I know are very decent people and quite often tenants living in social housing that are run by councils and the government live in far worse rundown conditions!...
Before I owned my own home I rented 11 different properties and only one landlord out of those 11 was a poor one, the rest were fantastic so let's stop these lazy derogatory industry wide swipes at landlords because many studies have shown that the bad ones to be a tiny minority like in all walks of life!...
If the government goes to war on landlords, it will just push prices up... It is no coincidence that since they started adding to the red-tape, regulations, new laws in favour of the tenants and also making it less attractive to be a landlord with tax changes that we've seen a massive decline in landlords in the industry with many leaving...
This has resulted in rents going up!... Not only that, it means a lower standard of housing on the market because private landlords are the biggest renovators of run down property in the country... They also tend to make properties bigger by creating extra bedrooms in the attic...
So whatever you think of landlords, it dosen't matter, the changes against them are pushing them out and pushing rent prices up and the quality of houses available being less desirable and more rundown, so it's not working!... Not for the tenants anyway!
You've just proven you have not looked at both sides, to be honest. You've tarnished all landlords to be the same. They are definitely not all the same. Whilst paying a mortgage, the rent isn't all the landlords profit. Landlords insurance isn't cheap either. Some of my tenants have trashed my house. Growing weed has caused a lot of damage to my property and cost of this is the in the thousands I am selling my house because it isn't worth it, and many landlords are now selling their rental properties. Also you have to take into consideration what would these people do without rental properties who need a roof over their heads. Finding good tenants is rare. They don't care about the property they live in because it's not theirs. Children swinging from windows, jumping on the conservatory roof. Trees have been set on fire. Oh, I could go one. Holes in the walls. Damaged doors. Having to buy new carpets. So no, you haven't looked at both sides, I have been a tenant myself and now a landlord myself. I have been on both sides.
Free-speech is great. If the government changes the rules, I will change my strategy. I feel balanced and content. I left home at 17 years old with £170. Nobody has ever given me anything. No benefit cheques ever. No charity ever. No hand outs. I have earned every penny I have. I am responsible for my wealth and financial success. The government will probably change the rules (again) in October. That will not hurt me. It may well however hurt the people it seeks to protect and benefit. This is the general law of unintended consequences that so often whacks politicians in the face. The day after any changes are announced I will start sharing with people that trust me how to take maximum benefit from the new rules of the game. Who do you think will end up better off?
Landlords are a indulged group in this country
Its good to remind them of their place
I support free-speech. Good luck
Not really as he said many are private people who use it as a pension, they are going to drive down the private rental market, once there is very little upsides, no fault as well will cause major issues
Oh deary me, you have no idea of the tsunami of evictions to come from those ' indulged ' landlords like myself. Hang on tight.
@northleedspoppa the Tories pandered to pensioners and landlords. Now it is time to even things up.
If you have more than one house, you've got more than your fair share.
It's a point of view... who should own the property that people need to rent?
Hmm I thought England is not a communist country. If people work hard and got enough money why can't they buy second house? How far would you go? If you got 2 cars you got more than your fair share? 8f you go on more than 2 foreign holidays you got more then your fair share? If you eat 5 meals a day you got more then your fair share??
@@andrealegg2527 right with you and your logic is perfect.. who determines what is fair?
@@andrealegg2527 Someone owning two cars doesn’t affect the ability of someone else to own a car. And your other examples are also nonsense.
Owning more than one house in a country with a housing shortage would clearly be seen as having more than your fair share by most people especially if you acquired the money to buy the second house by using equity in the first. But of course no point in saying this to landlord types.
If everybody has your mind set, we are still living in Stone age!!
Its bad for greedy landlords
If its bad for me (landlord) then its even worse for the tenants.
Is that true or is that a stereotype? What does "greedy" mean for you?
Greedy landlords 🤮
Is it OK to be greedy if you are not a landlord?
@@PaulSmithTouchstoneEducationdepends what you're greedy for, more cake or someone else's chance at owning a home 🙄
All landlords should be paying tax on the amount they house goes up every year as this is profit. That would stop the house price going up, which is has being going up for the last 27 years.
You do realise it already exists- which is the Capital Gains Tax they have to pay when they sell?
Now they are trying to increase the CGT to close to 50% with allowance getting reduced to minimal it is pretty much the Government trying to legalise theft from people invested in properties.
A bit more than 27 years.. more like 1,000 years
Crist didn't take em long to f..k everything up tories took much longer already far worse than truss 😂😂
@@michaeltorpy3366 bad Tory loser.