1. Don’t use a written Tenancy Agreement, verbal contracts allow for greater ambiguity, meaning you’re less likely to be held accountable.
2. There’s no room for empathy, you don’t want to hear excuses. You’re running a business, not a charity shop.
3. Reserve your precious energy, don’t waste your time making quarterly inspections. All problems can be settled at the end of the tenancy with…
the security deposit
and a
baseball bat.
4. There should never be any immediate rush attending to repairs, these things take time, and you’re a very busy person. Don’t forget that.
You’re already giving your tenant a place to stay, if you give them too much they’ll eventually expect you to lick the gum off their shoes. As long as you, the landlord, have hot food and water, nothing else really matters.
5. How often do properties actually burn down or randomly topple over? Building insurance is pointless. Kind of like that guy from Wham. Not George Michael, the other one that did nothing. What’s his name?
6. When a tenant calls, it’s NEVER good news. Ignore the RING-RING, RING-RING.
7. If rent is 24 hours late, hand out both Section 8 and Section 21 eviction notices like candy.
A stern and decisive landlord will prosper.
8. Reference checks are little to no use. Straight in the bin they go.
9. Giving tenancy to someone with a greater physical presence than yourself is suicide.
I only recruit scrawny nerds or elderly women so I can lay the smack down if they cross the line. Don’t be afraid to throw your weight around. You’re THE LANDLORD- overshadow your tenant with your menacing authority.
10. Replacing the locks is like an abortion, the best form of pest control.
11. Why should we secure our money into a Tenancy Deposit Protection Scheme? Good question. That’s why we don’t.
13. At the end of a tenancy, pick up on every motherfucking glitch like a hawk so you can hold back some, if not all, of the deposit. If you look hard enough, you’ll find enough damages.
14. Don’t be scared to dish out Notice Of Rent Increase Forms, especially to long term tenants that are reliable and in their ultimate comfort zone. They’ll most likely pay the new shiny rate since they’re nicely settled.
15. Following on from point 14, capitalising on profit trumps all. No fucking excuses.
16. ALWAYS assume the tenant is completely oblivious to their rights, because that’s usually the case, and you’ll consequently save a bundle of cash. With that in mind, forget Gas Safety Certificates, Energy Performance Certificates, and the alike.
17. You’re paying the mortgage; you’re keeping the rain off your tenant’s head, never forget that. You owe tenants nothing.
18. The property is is YOURS, not your tenants’. You enter and leave as you please, no questions.
19. Start a blog and start bitching about your tenants for fun.
Add to the list, please…
Disclaimer: I'm just a landlord blogger; I'm 100% not qualified to give legal or financial advice. I'm a doofus. Any information I share is my unqualified opinion, and should never be construed as professional legal or financial advice. You should definitely get advice from a qualified professional for any legal or financial matters. For more information, please read my full disclaimer.
fed up:
The builder has damaged the internal/external sewer/soil (poop) pipes.
Get the council to have a look and unblock it. The pipe needs to be repaired or replaced.
Dont with hold rent, get receipts for stuff done if any and if he doesn't repay you take the landlord to the small claims court, you could possibly claim back some rent for the inconvenience.