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This is funny, very funny. I am fully aware that there are some
harassing landlords in the property industry, but I never though that I
would ever get someone asking to write about “how to get rid of bad
landlords”.
In essence bad landlords are actually doing a massive disfavor to
themselves. First of all, they may lose quite good tenants and then
they can lose a lot of money.
Let me explain.
The reason I find this funny, is because I find it difficult to believe that a business person can actually do harm to their own income. I know it happens, I live in the real world, but whenever I hear about it, I just cringe.
A bad landlord will not only lose tenants, but also get themselves into legal trouble, and then if they do not maintain their property, and some actually don’t, they lose on capital growth and the value they can gain from a sale down the road.
But, what I find amongst all the stories most common, is that the bad practices of landlords stem from lack of knowledge to do any better and not from being a bad person. Yes, I know there are some cruel people out there, but by far, that is not the big problem in the industry.
You find landlords engaging in unfair practice simply because they have no idea that they are doing this. The most common of them is, cutting electricity , which can be charged criminally and the next most common thing is giving fines for late payments , which is also an unfair practice.
Ok, so they don’t know how to emply effectively best practices. It is understandable. I don’t think any property investor or landlord was born with this knowledge but after a property transfer they just have to “deal with it”, and they do the best they can.
But what gets to me the most, is those that completely neglect properties. That is their money, their asset and no one needs to explain this. It is just common sense.
By the time the property needs to be sold it is devalued due to neglect. I found such a property that was worth less than the land it was built upon from neglect. It was a great place once upon a time (in an up market area also). But now, it is in a state that when you walk across the garden grass, you have to make sure you don’t drown. Yes, I said drown, read that again, because under the GRASS in the garden is the POOL. You may read this again in amazement.
Anyway, I would like to cut a long story short and say the following if any landlords and property investors are reading this.
1. First of all, education on being a good landlord and employing great letting practices is not about being good to the tenants, but about making the maximum amount of money that the asset can give you and that includes taking care of tenants because they are customers at the end of the day.
2. Second of all, if you need education about letting and making sure not only that you employ good and legal practices, but that you get your moneys woth out of the asset you can do a Letting Workshop Online and even get a Residential Lease Agreement that is far more comprehensive than you can buy off the shelf or get from an estate agent most of the time.
3. Third, if you do not respect your tenants and your assets, how do you expect them to respect you? Just think about this for a moment.
If you want to read more about letting, here is the Letting Blog that has a lot of information.
I hope this helps someone and I wish all the landlords and property investors, not only successful investing but also profitable and easy letting.
To answer the question of how to get rid of bad landlords I tell you this:
1. Be a fair and good tenant otherwise do not expect others to tread you better.
2. Send your landlord to learn about letting and become profitable. It is not only possible but any landlord in the country can do this as the Letting Workshop is online
3. Do not renew the lease if the landlord is so bad.
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Since we moved in my landlord just came into the flat as she pleased but ive stopped it now , but now she is harrasing me and telling lies about us and she thru us out but our lease expire end july , we got a place what are my rights , she has breached the contract not us our rent is up to date till end may, what can we do
