Updating post from Reddit.
I known someone who asked for a quote to freshen up an empty London flat. Just a quick single coat of paint on all the walls to hide the wear. The answer £30,000. He asked if they had misplaced the decimal point and they said no. ??? My friend went out and bought his own rollers... It's a different scary world.
Edit: You are right my hazy two year old memory and provincial prejudice made me exaggerate. Checking old emails it was £17,500 quoted. Decorater confirmed it was not a typo. Probably including VAT as I commented none of our local decoraters are succesful enough to charge Vat. So appologies to london tradesmen for unfairly slandering them. After VAT and income tax he would have been lucky to earn a £1000 and a bit per day. And we turned him down too :)
During the gold rush in California in the 1800s many people set up business selling shovels and pickaxes.
I guess the painter and decorators fit into that category.
I got a quote out of laziness to do half of a small two bed flat in Scotland and it was 3k. How the hell are they getting 30k? I ended up doing it myself too. How is a deposit supposed to cover 30k? Is the paint going to open a portal to Hogwarts?
It's not £30k. That painter is booked up, so they send out a daft figure on the basis you'll turn it down. If you accept it, they'll move the rest of the jobs around.
Yeah, it's the "well, I'll have to work evenings or weekends but I'll have 30 grand so I don't mind" rate. Not a real quote.
That or they think the customer is a rube.
What are you if you only get 1 quote?
I get that idea/theory but 30k that’s basically a “fuck off” quote
That's basically what ok blueberry said
I know I’m merely saying there’s “no thank you” and then there’s “fuck yourself with a massive long pole” :).
He’s never moving jobs around because no one is ever saying yes to 30k
Why are you using two accounts?
I'm not. What makes you say that?
Yes, it is. They don't want to do it.
Wow, I paid my teenager £100 to stick a coat of paint on our hallway and stairs just to freshen it up recently. Took him about 3 hours including prep/cleanup. I had put my back out and he needed money. Did a great job, too. Glad he didn't see these comments first!
🤣 30 quid an hour + the materials already there. I'd be chuffed with that now, needing anything else painted?
Brilliant is he free this weekend to do our hallway ??
Even £3k is a lot for that!
I charge a day rate of £180 for general maintenance in London. I work 10am to 4pm and don't leave site for any breaks, I will stop for a sandwich or a juice for a few minutes but I work for 5.5 hours of the 6.
I have a lot of excellent tools and equipment so whether it's clearing a garden, painting things, ripping out a bathroom, cleaning slabs/driveways.....I get a lot done in 6 hours.
The £180 also includes a small amount of waste removal.
Truth be told I am a terrible businessman who doesn't have the heart to charge people an absolute mint!
I based my prices on my previous job paying me £24 per hour. Charging £180 for my 10-4 shift for a private customer means I equal my old pay but I like this job more.
Once I have a customer I very rarely lose them!
Edit: Almost forgot! Most people generally give me £200 as I really do provide spectacular value! Old people? Single Mums? I quite often don't charge them anything at all🙂
Stockbroker with one nostril and a Rolex? He's getting an inflated bill😂 Nah, not really, I charge them £180 as well.
I am in the North East of the city and work in a large radius for this set price. I went to Peckham a few weeks ago and had to charge £210 to cover fuel and extra time but apparently the lowest quote apart from mine was £450!!!!
I think £450 is obscene for a regular garden clearance. Hats off the those who make it but it's not a moral position I would like to be in.
Surely that must be wrong?
How large is that "flat"?
30k to paint a flat? I think I’m in the wrong career.
It’s the quote they give when they can’t do it because they are fully booked.
OP’s friend should have asked 3-4 quotes.
Nobody wants to work in London if it's anywhere central. The parking tickets will be hundreds per day, with risk of towing if there's nowhere to park properly (often isn't), plus C charge. It's just a lot of hassle so the demand just outweighs supply and yeah, basic jobs in central London often end up costing double or triple what you'd pay elsewhere.
I know several painters and decorators, there's no way they'd quote anything like this, even using Farrow & Ball or similar
what's happening here is the painters DON'T REALLY WANT THE JOB. They have a full book. Or they are going on holiday. Or they simply can't be arsed with it.
So they throw in that figure just to see if the customer is absolutely batshit crazy. Because they give exactly zero shits if they don't get the work.
London painter/decorators are the supermodels of 2024.
That's definitely a 'no thanks' quote
I’ve had this a lot. It’s a pain the arse. You get rinsed as soon as they see the house price / location.
I have friends that are architects, they do those mega basements in super expensive areas where the only way to expand a property is down.
They’ve seen quotes for £10k a room before, just for it to be painted. They say it’s often the case when they don’t want the work. They give a silly high price as a way of saying no. And if they get the work, it’s worth it
A relative has a friend in Monte Carlo. It was over £100,000 to paint a garden wall.
That's completely false.
There's absolutely no way it costs that much even in London.
If he was given that quote it's because the painter doesn't want the job and is telling him politely he doesn't want the job unless you give me £30k then obviously I'll do it because literally anyone would do r for that money
To those asking. My friend had just purchased a mansion flat in a old mansion block central london for just over a million. (Stunned me but still cheaper than 30 years of renting with last of cheap mortgages). That's why it was empty and the decoration a little scuffed. So not a tiny flat but nothing huge either. The painter was recommended and working elsewhere in the building for several other flats who often spent hundreds of thousands just updating flats. I suspect he would have done a more thorough job than my friend really wanted and it was only a fraction of the cost of buying the flat to bring it up to its best. And I suspect there are allot of people in the area who have no concept of money, they just want it done well and hassle free and no doubt he does that. So I think it was a genuine quote and he really thought my friend might go for it. But it was still a staggering amount of money, 5 to 10 times what was expected, and gave my friend an existential crisis of whether he could actually afford to live there... Decent tradesmen in central London do seem scarce, whether those that make the effort to be available are really all earning six figure incomes I don't know?
Bullshit, 30k quote?
I'm guessing that decorator is too busy or just doesn't want the job. It's common practice, but basically they never say no if they don't want you. They just give you an outlandish quote to drive you away. If it doesn't work, then they get a big payday!
That is rubbish show us the qoute
I think youll find a ‘single coat’ is street slang for a kilo of cocaine.
Based off that quote… assuming it’s a week’s work and materials are roughly £1k, if he takes 4-5 weeks of holiday he would be earning £1.4m annually.
Bullshit.
I live up in the North and it is common to be blown off by trades because it is better money for them to travel to London and stay in a hotel.
If they normally charge £300/d, they will charge £600. Then for expenses like hotel, food and parking he will charge 500/d. For 2 people doing a simple painting of a flat, that is probably a £10,000 quote. If they want it done "next week", that will double because he has to put off his other customers.
And people will accept that price. Which is why I get told "can't do next week as agreed mate, we will be back the week after".
£30,000 seems high and probably includes a "fuck off" premium, but it is not out of the ordinary.
My landlord refused to buy new curtains for us even though they were soiled and ripped. Rent is £1750 (manchester) pcm. After buying our own....he then had the audacity to ask where we got them from because he'd like to put some up after our tenancy is up 😂
What does this have to do with rent 🤨
Not much, I was just commenting on how London is a different world.
1000 a day to slap some paint on walls 🤯
I too got quotes for £1000's so I got my friend to help me paint it after a long term tenant moved out. As we were replacing the carpets it didn't matter that we dripped paint on the floor so much. Not all landlords are rolling in it. We make enough to break even. And we get taxed on any profits.
Lmao. It’s quite easy to paint a flat. 30k? Haha
Dayummmm. They must have millions invested.
He probably bought a long time ago when it was cheaper
I would also bet the owner is not English, and if you check further it's probably an off shore investment group, not a single owner. So your rent money is going to warmer sandy countries.
At least my rent is having a nice holiday
Here in the US many places are requiring property owners have a representative who is legally liable for taking care of the property be a resident of the state where the property is. Gives states legal grounds to go against a resident to get slumlord stuff handled.
I guess the UK usually respect ownership and does not have a too strong history of seizing assets from foreigners?
So I guess why not park some safe money there?
As an American what's up with this subreddit? Is it for landlords to bitch at tenants or tenants to bitch about landlords?
"He's got so much invested, he's a golden dog!!!"
"I lived there, it's shit."
Lol.
I think it's more the former heheh
Anti-Landlord Trolls get attracted to certain posts. Like this one.
Ahh yes dirty rentioids wanting to not spend 50% of their budget on housing alone. Crazy. Wild even.
It's "UK" landlords.
Bitching is a national pastime.
Did a quick calculation, for the one at the bottom of the list, the rent constitutes 0.298% of the property sale price per month, meaning in 28 years the property would get 1.59M in rent (the house was sold at 1.59M in 2023)
So a only 3.6% return a year? I know there will be capital appreciation on top of that but that's a pretty unimpressive investment.
The owner won’t be buying the property cash. They put down the deposit, get tenants to pay the mortgage, and then end up with a fully paid off house they then get the full capital gains from.
That's true but it demonstrates that it mostly relies on buy-to-let mortgages to make it a good investment.
Everyone needs to stop thinking the return is in the monthly rent. Surely he return is a paid off investment at the end of the loan - that you have put little to nothing into
The return is generally just relying on property prices increasing while tenants pay the interest on your loan.
That’s still more than a mortgage a month at current interest rates
Rent has to be 125% more at about 2% above current interest rates, to be able to apply for a mortgage.
What about deposit?
Depends on how big a mortgage you’re taking.
Let’s say it’s 60% LTV - ie a mortgage of 954,000.
At 5% interest that’s £3,975 - but has required a capital outlay of £636,000. If you put that in a Chase or Marcus account then (assuming you’re a higher rate payer) net of tax it gives you 16,965 pa - or another £1,413 of income - even in a horribly inefficient method of saving.
Obviously the appreciation of the house isn’t taken into account, but then nor is the wear and tear.
Buy-to-let contracts also have +1% pa interest added on.
Basically a pretty shoddy return for the landlord, despite costing an arm and a leg for the renter.
A 25% deposit, interest only, 30 year 5% mortgage on that is a similar cost to the rent.
Yeah, but the rent isn't going to be the same amount for 28 years now is it. It's only going to go up exponentially.
I lived on that road in a 2 bed flat 1 bath, pretty spacious and moved out July last year and we were paying about 1500 a month, the prices have gone insane. Also glad to see everyone else was inflicted with the impossible addresses. Mine had 3 different variants!
How was your experience moving out and getting your deposit back?
Maybe, or Maybe not. What we know for certain is they have a lot of wealth going to provide housing. The amount of debt they are in is unknown to any of us, nor is the Ground Rent or Service Charges on these flats.
It’s just going to get worse unfortunately. We’re looking to buy at the moment and the number of previously tenanted places is unbelievable
None of my properties are in London but presumably the rent is in line with the higher investment they’ve made to buy/build the properties 🤔 Would be interesting to see how long at those rates it would take until they’re in profit for sure.
That many flats in Tooting? Gotta be a slum landlord
Knowing who this landlord is, I have a feeling there's a few missing from this list too or at least there used to be!
Horrid woman who I had the pleasure of renting from then waiting over a year to get the deposit back in court.
Immense greed preying on young people and stealing deposits she clearly hasn’t learnt her lesson from a few years back.
Agreed. Having lived there a few years back, she really was a piece of shit. Do not go near these places
My partner used to live in one of her properties and has said the landlady likely has around 40 (pinch of salt, obviously) properties. When they gave their keys back she was moaning how tough it is to be a landlord these days, while my partners rent increased ~15% per year, with not a single penny spent on maintaining the property, and when they informed her they were leaving there was no reply, they just found the property online an hour later, another 10% higher.
Needless to say they are much happier, and receiving far better value, elsewhere.
it depends on where they were just on 20% downpayment on interest only and just remortgaging over and over again to acqure more. A lot of LL who did this got stung really badly and exepriencing some of the lowest rent increase in the midst of the hight interst payment since 2008.
London wages aren't all that much massively higher than the rest of the country, people are up to their neck on rent payments as it is so people cant be squeezed to pay any more. Leading ti people just choosing to leave London to rent out shitty ex-councl houses for 3.5X what the council rent is.
I think covid changed a lot of things and many people got used to homeworking and many companies are providing shared office hubs out of town so employees can work away from a main office, but still have an office-y environment somewhere
Edit: just to illustrate my point that rentors just not willing to pay through their nose to live in London any more. The property in SW12 9RX is listed for £4750. On rightmove for the same postcode a property was on the market for a month and no interest, the recently dropped the asking by 5.4% to £4400. It's not massively lower, but once upon a time, these properties would be off the market after a few days/.
edit2: Oh this is just brilliant, same postcode, 1 bed flat (on a short let) asking for £3500! Listed in 15th July, still no takers, and now they want £3500, after dropping by 10.2% - so they had £3850 in mind before?
"London wages aren't all that much massively higher than the rest of the country," ????
this must be some kind of a joke that I don't get
London median is 44k, UK median is 34k.
That 10 grand will be a net loss for like for like property rental.
Sure the top warmers are in London and there are extreme high incomes in London. Quarter mil salaries etc but these are the tiny minority here.
Just because something costs a lot of money doesn't mean there's lots of profit.
Sometimes, cheap property in areas outside of large Metropolitan areas yields bigger returns. Also, that £3150 isn't pure profit, especially if mortgaged.
Though I would be checking to see how much the water rates/likely cost of metred water was amd who was actually liable for water bills before signing a contract.
£35k a month rent? I'm on £22k from 5 houses. Nothing is what it seems. When you got these many houses you have alot more maintenance going on. And like others said no one knows how much debt he has. For example we got 4million on rent and £260k a year rental income, 800k loan.
Gee it's not like the UK hasn't embraced capitalism for hundreds of years
Can’t be making much if he’s put them all to let… but yes the prices are something else, that much a month in rent, I wouldn’t be able to sleep
Not necessarily - it depends on the Local Housing Allowance for the area, and whether the landlord is a Housing Association or Private Landlord. The LHA reflects the market rents for the local area, and based on number of bedrooms, but the distributional analysis was last updated March 31 2021.
If a social landlord, rents will have not kept up with the private sector.
Of course, if a private landlord, this could be the Police Pension Fund or even some Tory such as Mr Tony Blair.
That’s an “I’m fully booked, but if you’re daft enough to pay I’ll get subbies in for the other jobs and do it price”.
Over £700 a year for water???
Wait till you realise who owns the land
Who knows. He may be mortgaged massively. Then take into account voids, refreshes, upkeep, non paying tenants and the solicitors costs thereafter, insurance etc. then factor in his risk for the amount of money he has invested. Then tell me he’s making a tidy sum. I guess he isn’t making anywhere near what you think.
Own/live in a 2000sqft bungalow with a decent size, private back garden in the north west of England in a relatively small country town. The entire mortgage on the house every month is about £800. I knew London was extortionate, but my God, i didn't realise.
What do you do for work, if I may ask?
Landlords get roughly 5% of the properties value in rent. Unlike other investments the landlord has. Management fees for managing and letting. Legal costs Repairs Unoccupied periods Tax
If they didn't get 5% they would invest their money elsewhere.
The average price if a London house is £708,000. So the rent would be around £3,000 per month.
I had a friend who I asked to paint the inside of my 3 bed seni. another friend suggested a database of £100 a day. Eventually we agreed on £60. After week 4 I had to drop it to. £30. He was getting room and board and it eventually took him 8 weeks. I’d say I’d never trust him again but he died in early 2020
The cost of living in London is very high. I will be surprised the Land Lord makes much from it too.
Apparently you have to bid for a rental property now in London. They ask you what you are prepared to pay and rent to the highest bidder. Your nuts if you take a property on this basis
Getting banned soon,
Please leave my nuts out of this.
Tell me know you nothing about property without telling me the labour government have made any landlords investment in btl property especially in london completely unviable
How do you know what properties a landlord owns? Like where is this list from
Welcome to the dystopian hell hole that is London. I pay £1,600 p/m for a tiny studio.
All of these are more than double my monthly income
I work in Canary Wharf a one bed flat is 3k a month
Rental profit is almost non-existent. These properties have probably a pretty high maintenance cost. Selling them and investing the money in the stock market would probably translate into better returns in the long term.
Most likely though the landlord has already a pretty big stock portfolio and he’s diversifying his exposure.
I wouldn’t call this a tidy profit without more info on the ongoing costs, especially in London
Depends how many mortgages he has.
Go 7 miles out and pay less than 1/2. Even with travel into Zone 1 you will be quids better of.
Bit further out, and you can ren a whole house for this much. And share the costs
Unless you prefer to pay for the postcode.
Rent isn't as expensive as that
Those prices are high for Tooting, you should be eclectic at least £250 less & if you look around a bit a fair bit cheaper
You're being charged a premium for bring right next to the common & I reckon a not from London premium too
And here I am with a 3 bed semi in Wales for 750 🤣🤣🤣🤣
Needs to be more regulation to prevent landlordism. The argument that regulation would make landlords sell up and we’d have nowhere to live doesn’t wash with me. If landlords sold up and stopped charging exorbitant rents, then a whole lot more houses would be available on the buying market leading to lower house prices. Those wanting to exit the rent trap could buy, leaving a healthier and larger social and smaller private renting environment.
Very few renters are in the position to buy with anything close to a decent deposit, however. I don't think it's as easy a transfer as it's made out to be.
Been happening for years. Companies are replacing private landlords.
You do realise most houses landlords buy are un-mortgageable. If landlords were not buying these houses there would Be a lot of slumbs and rents would Be double. Its not like landlords are buying up homes that a non landlord can Buy.
Goese like this, we buy with own cash, we renovate with own cash, then we put a mortgage on the property once its in a good state the bank will loan on. We get back Maybe 80% of our cash in the current market, then we have a mortgage and safety certificates and agency fees to pay. Most landlords don't see the any real return untill retirement
Yeah I've noticed here people seem to have very unrealistic ideas about how profitable being a landlord is.
100% they seem to miss understand what we do and how much expense we have. Each one of my houses in lucky to turn 4k a year proft. And 25% deposit plus £40,000 renovation
Really seeing this with the market - market on do it up property in many areas is basically dead.
Still works for me, brought 4 this year. Not London though
I'm watching the going round and round lower and lower and getting more and more tempted except for the regulation changes and how much they'd cost to get to EPC C
"The argument that would make regulation would make landlords sell up and we'd have nowhere to llive doesn't wash with me..."
It shouldn't wash. Mainly because they can't take the houses with them!! Not only more on the market, but it would disincetivise other landlords buying them as they come up for sale.
"Landlords" should be limited to 1-2 extra properties (as some renting is necessary for people not committed to an area), but larger portfolios for 'property investment' need to be heavily, HEAVILY, taxed.
[removed]
Still smarting that you are under qualified?
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wow, who puts the full address out like this. This some sort of leak from a managing agent? Are these all currently available?
Not sure. If its owned in a company, it would all be publicly avaliable at companies house.
Looking ar goigle maps the property looks somewhat decent from the outside but there's no telling what it looks like inside...
I don’t think he / she is. I live in south west - not too far from this area. Basically, everything after £2500 is a really hard to rent (talking about 2+ bedrooms). There are plenty of flats for higher price available right now in the market. I wouldn’t be surprised if all of them are available. Tho, maybe the “mystical rich foreigners” rented them out.
Agreed. These rents look pretty expensive for Tooting Bec. Not massively so, but definitely on the expensive side.
Those do seem pretty high, we moved out of London in 2020 and I was paying £1600 for a 2 bed flat not that far away from the first one in the list. (It was damp and a shithole that nothing ever got fixed in, but what else is new in the london renting scene?)
He is likely paying 50% tax on the rent he is getting in. Paying high mortgages on each property he cant offset and huge maintenance costs of being a landlord in london. The comment below of a 30k paint job is what I see all the time.
Is likely breaking even, maybe making a small profit at best unless he owns them outright.
She* and I wouldn’t be surprised if she’s dodging tax from my experience renting from her.
Leeches
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In Tooting Bec and they look like cheap sharing places with no living room - the kind you’d live in at uni. Shocking to be over a grand before bills. Inflation has been crazy.
What a Fucken cunt this landlord is.
Please Keep it Civil
Those rents are my take home pay basically! FFS!
Scum of the earth landlords
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Scum of the earth landlords
Edit: I can be anti-landlord here too. Since time immemorial, stretching back to the advent of agriculture, hierarchical society and land ownership, the villains of every tale have been, are and will always be, the good for nothing shit heel landlords. Get fucked.
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Eat the rich
Please Keep it Civil
People shouldn't be allowed to own more then two houses.
Go and cry more, peasant!
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Wow crazy story, I actually used to rent from this landlord and it’s actually a landlady.
Absolutely horrible woman who made up a load of lies about how we treated the property and how much she spent on fixing things such as lightbulbs that we replaced ourselves to keep our deposit, refused a dispute resolution process and eventually we had to go to court to get the deposit back.
There’s even an article about her here that references ones of these properties and how she lied about how many tennants she had living in it.
Back then about 6 years ago I was paying £800 a room in one of the three beds, unsurprisingly her greed hasn’t stopped.
This is mad, I also lived in one of these properties with my housemates and had EXACTLY the same situation. The same scam of keeping the deposit and then when issuing a claim via deposit protection against her she flipped the script and took us to court. Interrupted by Covid it took about 6 years to get the money back and at the time I spoke to the others in the flats above and they said she’d done exactly the same thing to them. Nasty piece of work, also found that article and wasn’t surprised in the least, had many many phone calls with her during the early stages of trying to get the deposit back and got very bad vibes indeed.
She must do it for every single tenant, what a broken system that allows this kind of abuse.
Property as income should just be made illegal at this point. People need them to live, so stop trading housing like a capitalist venture.
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Oh mannnn my mum sold my nans flat in Tooting Bec, was dreading seeing it on this list, luckily it isn’t …(yet 😬🤣)….
Painting is the easiest of the trades, do it yourself, but don't make a fkn mess, your landlord may have it done by a professional and charge you $$$$$$$$
Here in Greater Vancouver it's $200 per hour, if you can find anyone. If you can find a person under 40 that doesn't look at their phone every 10 minutes, hire them they're a dying breed.
Cries in paying 2200 for a 1 bed
Tooting Bec road though, it’s not like this all over Tooting.
This is one of the reasons the rental market is mental
Leeches
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The Montana road ones can't be flats it must be for the whole house, I used to live a couple of streets along on moring road, when we left in 2021 the landlord listed our first floor two bed flat for 1750 a month so there's no way any ground floor flat would be double that in 3 years even with the recent increase. Either way the point still stands for a house I just can't imagine who out there is willing to part with that much money to live in tooting. Period.
Can confirm they’re all flats
It’s time we had rent control especially in London
Vampires walking (or driving Bentleys) amongst us
Does ADHUBEN RAJNI SHAH and RAJNIKANT PURSHOTAAM SHAH know that you are posting a list of their properties on the internet for everyone to see!??? Seriously??
And…?
Parasites
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Don’t worry, they’ll go on to tell you all about the “plight of the landlords”. The rich complain more than the poor do.
That’s the secret of any London landlord as many heads as possible enclosed in one tiny flat that barely fits a bed, you open your fridge laying down on your bed it’s mental and there is little to no control over what they can do to cash in 😂
Wow
My daughter lives in an apartment complex in Surrey, very nice spacious flats, underground parking, gated entrance etc. A middle aged Irish guy owns the whole thing lock stock and barrel. 42 flats and my daughter pays £2k a month rent. Yep, over 80k a month. And he owns other blocks too in Surrey and South London. We reckon he's probably good for half a million a month. The only plus side is that he's barely put the rent up in 6 years and the flat is beautiful and any problems are fixed the next day as a rule.
THIS is the reason Londoners have a housing shortage. Greedy landladies like this, buying properties to rent and screwing one potential home owner who intends to live in there at a time.
My sister used to live at number 10, so she knows the landlord. They got scammed out of their deposit for some nonsense reason, had to take them to court which unfortunately we ended up losing because the date was on Xmas eve and my mum forgot to attend!
I'm all in for the right to rent one's own reasonably sized house and cover costs whilst temporarily relocating; family members get sick, we need to move for employment or health reasons. One should be able to swap one house for another and not get taxed on both properties. When renting someone's reasonably sized sole dwelling; there shouldn't be any tax on that; no income tax or capital gains tax.
I'm all in for landlords making a living, making homes safe and habitable and owning an extensive portfolio and charging the going rate in rent. However they should be subject to 90% tax over a certain low threshold of income.
Some businesses can take their business to another country; you can't do that with a house!
Tax those portfolio landlords!
Edit: this is not anti landlord at all; just makes sense regards to taxation.
Speaking as a former tooting resident before rent went up 10000% ... Tooting is so fucking overpriced
Parasites hoarding a fundamental resource.
I lived in 2 Montana Road, the landlord was a total piece of shit who refused to do any work on the place. The GFF was horrendous and the landlord did absolutely nothing to fix any of the problems. Steer clear or her and her husband
Good on them. Hard work pays off 👌🏻☺️
Good on them. Hard work pays off 👌🏻☺️
Good on them. Hard work pays off 👌🏻☺️
On average around 8x my mortgage payment for a house per month to rent a shitty flat in a dangerous polluted city 🤪. It’s such a shit hole of a place .
Eat the rich
All landlords and mods should be piled up in a massive bonfire and burnt alive.
"He must be making a tidy profit"
Depends on what he paid for the properties.
I’m with social housing and my rent is £1200 per month 2 bed studio flat in CROYDON. Moving to Australia with my promotion thank God.
Even the water rate is a rip off, mine is about £35/m
I know this Landlady - she was my client when I worked in Balham, South London in Lettings (Agent called Lauristons). She pretty much owns Tooting Bec. Always inflating prices.
Work hard and you can have investments making you money too.
London needs to go outside and touch grass...those rent prices are an absolute JOKE! 3 and a half grand a month to rent a flat?? In most places north of London you can rent a decent sized house for quarter of that..
So umm... all these are empty? Available?
And every single property will be an ex council flat.
It's disgusting, and should be illegal. It wouldn't take much legislation to ensure that if someone wants to let out an ex council property, they can not charge more than the local going rate for council rent. The 'right to buy' scheme should never have been implemented in major metro centres in the 1st place.
First of all, that's Southwark which is near central London, no shit the prices will be sky high. At least it's less than half of NYC
Try other places like bromley or purley or harrow
Holy moly. I rented in Colliers Wood, not far from those places, from 2103-2017 and was paying 1500 a month for a 2 bed terrace. It was small, but functional, and even then I thought it was a fair chunk of cash. I could no way afford double that even now!
Fuck landlords dude
I used to live in Muswell Hill, my old landlord was a big shot lawyer in North London, old guy in 60s.
The had a general handy man / repair guy. Denis was his name, he was really down to earth and didn't like his boss much but anyway one day we were chatting while he was doing some repairs at my place and he told me the landlord owned 15 properties he rented out all over Muswell Hill / Highgate / Hampstead / Finchley and that mine was on the lower end in terms of size and rent.
One day the ceiling started to bubble and eventually bits of the plaster started collapsing in the house, dust everywhere, some of my furniture got damaged. They came and repaired it but I decided to give notice and move. Long story short the landlord blamed me for the ceiling (saying I had turned the heating on to high through the winter as his reason) and tried to keep my deposit. I reported him to council and raised a dispute with my Tenancy Deposit Scheme. They gave me back my deposit in full and basically told him he was full of shit.
Jesus fucking christ I knew London was expensive but 3 grand a month is crazy
As a guy from California my mind is blown that these are considered expensive rents
That’s the I don’t want the work quote.
Tooting has always been a bit pricey…
Jumping to conclusions is not good exercise; it never leads to fiscal fitness. Your landlord could have high costs too, or be awash in debt on the property.
THIS WAS MY OLD LANDLADY! I lived with two mates in 127 back in 2021!!
Our rent during covid was 2250 and we moved out after a year because she increased the rent to 3k.
She’s also absolutely corrupt and rips over every tenant in her buildings with fake inventories to take away your entire deposit!