By next year my starter flat will be a rental, my family will finally be in something with a yard but I still have to get up and go to work every morning to pay for the one with the yard and if I’m REALLY lucky the other one wont cost me much per year.
This is why I’m suspicious of these posts, it almost seems like social engineering to make the idea of investing your money in something safe and lucrative (like property) to be socially unacceptable for individuals. When there is always a billionaire or a hedge fund or an investment group who are nameless, faceless and soulless who will dive on any opportunity to take more from us.
Hoarding multiple properties during a shortage should be socially unacceptable, but definitely isn’t.
I understand that you’re motivated to do this because it’s easy money, but I’m not going to lie to you to make you feel any better about that choice. The fact that billionaires and hedge funds exist and are bad doesn’t make what you’re doing any better - the only difference between you and them is the scale of the rent-seeking you’re engaging in.
It’s a bad, but lucrative thing to do - if the labour you’re doing to secure that profit is occasionally feeling a pang of guilt, I’d say you have it easy.
By next year my starter flat will be a rental, my family will finally be in something with a yard but I still have to get up and go to work every morning to pay for the one with the yard and if I’m REALLY lucky the other one wont cost me much per year.
This is why I’m suspicious of these posts, it almost seems like social engineering to make the idea of investing your money in something safe and lucrative (like property) to be socially unacceptable for individuals. When there is always a billionaire or a hedge fund or an investment group who are nameless, faceless and soulless who will dive on any opportunity to take more from us.
Hoarding multiple properties during a shortage should be socially unacceptable, but definitely isn’t.
I understand that you’re motivated to do this because it’s easy money, but I’m not going to lie to you to make you feel any better about that choice. The fact that billionaires and hedge funds exist and are bad doesn’t make what you’re doing any better - the only difference between you and them is the scale of the rent-seeking you’re engaging in.
It’s a bad, but lucrative thing to do - if the labour you’re doing to secure that profit is occasionally feeling a pang of guilt, I’d say you have it easy.
Then please do not be an arsehole landlord.
It is not the tennant’s responsibility to pay the mortgage on your flat. Nor should they return it to you as new.
What you rent it for is the market rate, which hopefully will cover your mortgage+expenses. It may not, that is your problem, not the tennant’s.
When the tenndnt moves out there will be changes and even damage. Just like your primary property will have changes and damage.
When the tennant highlights an issue, fix it NOW. They are paying you a lot of money and deserve a lot of service.
Why don’t you sell your flat instead?
You’re an asshole.