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Mike D
Investor
2377  Profile Views

About Me

Investor

my expertise in the industry

20 years

Mike's Recent Activity

Mike D
Exactly Jo another group of do gooders with no real understanding trying to get on the band wagon to blame landlords

From: Mike D 21 September 2023 09:49 AM

Mike D
Yet another organisation who has no real clue like shelter. It doesn't matter what you offer people that don't want to pay, they find any way they can not too, that's why Section 21 is so important!! And as for cutting back, well haven't we all, because of mortgage increases I have £700 a month extra costs I can't pass on to the tenant, so I've cut back my monthly spend by £500 These crocodile tears like wet liberals don't know what reality looks like they're too busy preaching the moral gospel to do anything of real value

From: Mike D 21 September 2023 09:47 AM

Mike D
This is what Socialism causes, an ever increasing need for more more more.... We are already at 55% of the population take more from the Tax payer than they contribute so there's probably only 35-40% that actually contribute money to run the state with all this free stuff.... If you ever go out to dinner with 10 people and 60% pay nothing how often would you go out to dinner.... you won't, so now the Top 10% pay 54% of the Tax are slowly working less, earning less or leaving the country so the debts are rising and the free stuff has, as all Socialist states end, with not enough money to run them.... a cycle of decline

From: Mike D 11 September 2023 14:06 PM

Mike D
The greatest collapse in homelessness is on us, through Socialist policies and thinking.... The kind compassionate mindset of 40 year old dependant children.... Had created a collapsing society riddled with someone else's problem and a demand for more money.... The socialist don't wish to contribute, that would make there lives worse, so take the money from capital and the capable that pay the vast majority of the taxes.... Socialism makes you Poorer, because without the 10%, your taxes have doubled.... Your on your own in a collapsing Socialist society

From: Mike D 09 September 2023 17:12 PM

Mike D
Just shows that all these well advised People who think they know better with their dangerous legislation, really have so little knowledge, they can't even build to cost let alone run a financially risky portfolio of rental properties

From: Mike D 07 September 2023 09:45 AM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:10 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:09 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:08 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:05 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:04 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:02 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 21:00 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 20:59 PM

Mike D
Hit Beadle inbox ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 20:58 PM

Mike D
Hit Beadle inbox I complained to him, but he doesn't seem to want to listen Hit his in box if you can ben.beadle@nrla.org.uk

From: Mike D 29 August 2023 18:22 PM

Mike D
Unfortunately the Socialist policies of the last 8 yrs have increased rent by 50%+ Created less Rented accommodation than there was. Is about to create the biggest homelessness crisis by the time the election happens for a key battle ground to fight. A rental housing shortage for the next decade. An ill liquid inflexible workforce unable to move to new jobs in new areas without a property to move too... So huge skill shortages and stagnate businesses with falling tax receipts All in All a fabulous improvement to free market thinking and economic output.... Brilliant

From: Mike D 29 August 2023 16:58 PM

Mike D
I've written too him several times, and he points to his increasing membership.... Like he's winning

From: Mike D 21 August 2023 15:20 PM

Mike D
I've said it for years, but every time I try and engage a group of landlords to pull them to fight yet more government intervention, or council abuse.... They're not interested, too used to working alone and being isolated, it's their own fault they're being steam rollered without resistance. There should be a rally in Westminster with 5,000+ landlords handing in a partition, else we'll all cancel our votes and sell our properties, the weakness of position is driven by themselves

From: Mike D 21 August 2023 15:18 PM

Mike D
I've just turned around a property with only a few things to do before reletting. I applied an hourly rate and cost of the material's and it came to nearly £800 on very basic few things.... I think people would be surprised how quickly the money disappears

From: Mike D 06 September 2022 20:46 PM

Mike D
Shouldn't it say, quarter of tenants NOT paid their rent and although Tesco's don't allow you to walk out with free food, they think they can have a free house.... Shelter are a Marxist organisation hell bent on bankrupting landlords

From: Mike D 19 March 2021 10:53 AM

Mike D
This is a disgrace, and they've done it because they couldn't and wouldn't home them Waiting for the 2021/2 housing crisis will hotels full of migrants and 3/400k evictions people on the streets post eviction. I paid mine to leave to get rid of him in October after non payment, lucky it's saved me 8 extra months without rent

From: Mike D 19 March 2021 10:34 AM

Mike D
No rocket science here frankly. With S24, increased legislation and then Covid debts, of course the PRS is shrinking!! Since when did people invest money to loose it? Wait till 2021, it will be known as the year of the housing crisis and councils flooded with homeless families as landlords desert the PRS under financial pressure

From: Mike D 03 November 2020 12:44 PM

Mike D
Isn't this like renting a car on holiday for a week, and when you hand it back saying, well actually we didn't use it for 3 days it was in the car park, so I want 3 days rent back..... Doh...

From: Mike D 22 June 2020 16:11 PM

Mike D
Let's here it for..... Section 24 tenant tax No Tenant Fees Increased legislation & costs Prudential portfolio restrictions.... Oh rents have go up have they..? You do surprise me....

From: Mike D 18 June 2020 14:13 PM

Mike D
Rents will be rising to pay for yet more legislation and Covid costs through rent losses. That's why you need to make profits to pay for the downside losses.

From: Mike D 10 June 2020 10:03 AM

Mike D
I have a tenant eviction cancelled due to Corona virus. They've got away with almost a years rent, now you've gifted them another 5m rent free, which MP will aid or pay for the extra £2,500 it's costing me.... No one, everyone had lost their minds in wokeness.

From: Mike D 10 June 2020 09:58 AM

Mike D
It's s con both gas and electricity. More danger from tenant damage than anything else. If it was that important it would be law for all 27 million homes, not just 14% of homes. And the people it supposed to catch out....it doesn't, just like licensing, it doesn't work. No gas inspection in my home in 10 yrs, no one sick or dead here. But tenants have to pick up the costs in rising rents...they don't tell you that do they. How many landlords have had boilers condemned in the last 15 yrs, I bet only 100 or so....

From: Mike D 10 June 2020 09:53 AM

Mike D
Foolish reply, as landlords can't evict tenant how else can they respond but try to help them through the problem.... You haven't thought it through, to much woke labour behaviour which will eventually lead to greater homelessness. I've been refurbishing a property the council's doubled the council tax because it's take too long, yet I have tenants owing me _16k that I can use to refurbish the property, I'm hit twice by incompetence, and no government support. Needless to say, after refurbishment the property won't be rented but sold, the council can pay £50 a night to home the homeless instead, and with 31 out of 75 properties for sale as ex rented property, I'm not the only one getting out. Welcome to the housing crisis of 2020/1 with escalating council costs because of bureaucracy and incompetence.

From: Mike D 24 May 2020 11:33 AM

Mike D
Not a surprise really, with everyone locked up for 2 m and a shortage of properties, how many divorces are about to happen. If 500 in one city that's 500 new homes needed instantly. Yet landlords have been selling up...welcome to the housing crisis of 2020/1 well done councils and government for vilifying landlords, now you have no where for people to go.....genius stroke of incompetency

From: Mike D 24 May 2020 11:18 AM

Mike D
I have mounting arrears of £16,000 Feeling sorry for tenants is great, but if they loose there home at the end of this because mortgages aren't paid. OR landlords end up picking up the tab on the extra interest on holiday mortgages. I've taken NO salary at all last month to make sure mortgages were paid, I've used my savings to live on, because I took the necessary steps, while undisciplined tenants didn't bother to save, as it was easier to use my saving to fund their inadequacies!! The real story here is the financial bashing landlords are taking with risk escalating rapidly, with little rewards to be gained..... Watch the repossessions escalate in the autumn as the PRe shrinks and tenants are made homeless.

From: Mike D 16 April 2020 07:17 AM

Mike D
Who will pay the extra mortgage interest on the unpaid mortgages for 3m? Obviously the landlords....

From: Mike D 15 April 2020 11:55 AM

Mike D
Landlord's are pulling out. More sales than purchases

From: Mike D 26 November 2019 10:21 AM

Mike D
Incredibly I'll thought through legislation since 2015. Section 24, I've pushed rents up by 8.5% to pay for it. No Tenant fees, I've pushed rents up by 5% to pay for it. Moved from Rent increases on tenant moves, too annual inflation increases, another 2% a year! Think about the implications of your legislation before you pass it, however as landlords all around me sell up, the removal of section 21 will cause accelerated sell offs, more homelessness, less PRS and higher rents, well done the house of commons, medaling without real knowledge

From: Mike D 11 November 2019 05:32 AM

Mike D
Yet another bleating media message without considered understanding. Renting a room with built in bills, at a reasonable allowance for bills....but what happens when you allow for £100 usage, and because its 'free' a tenant just leaves it on full time and opens the windows to cool the place down, and the bills are 2.5 times the allowance for heating bills? What then....landlord losses, or extra rent for tenants for being unreasonable? Self regulation is hard people, companies are poor at it, especially if they can get away with it!! Why was she having a shower mid afternoon anyway, no work, in bed till lunchtime, where's the rest of the story?

From: Mike D 11 November 2019 05:02 AM

Mike D
Watch the capital flight from the UK and people and business....they'll be nothing left to tax. The UK will rail spin into debt and greater poverty.

From: Mike D 24 September 2019 14:43 PM

Mike D
It really isn't rocket science, look at any product where it happens. Osborne did this for extra tax, period. Others have jumped on the bandwagon and now burdened the sector with huge cost of legislation. Only a fool couldn't see this, but politics is popularity not necessarily worried about consequences

From: Mike D 11 September 2019 13:10 PM

Mike D
It's always been interesting to me, that property has so many professionals in. Solicitors, Surveyors, Banking, IFAs, Tradesman..... It's the worst and least professional sector I've worked in, slow, lack of customer service, always chasing people to their job. Yet, they all want massive fees for shockingly poor performance.

From: Mike D 20 August 2019 09:01 AM

Mike D
I guess OK for the risk adverse, but using these numbers, of my standard position it means this. An oncost of £2,111 on my standard letting, or a 14.6% increase in costs.

From: Mike D 20 August 2019 08:18 AM

Mike D
Interesting, but the sector has been driven higher by two things. Property prices driven higher by housing shortage so demand outstrips supply. Government regulation and taxation changes. Both of these increase costs dramaticly and like any product cost increase it gets passed on to the customer.

From: Mike D 20 August 2019 08:05 AM

Mike D
It's only a sellers market no reason to take such huge risks for negative results. On its current form PRS is finished. Good luck with the increased housing crisis and homelessness. That's really going to challenge those labour strong holds rallying shelter for all the glorious changes.

From: Mike D 14 August 2019 11:04 AM

Mike D
I'd say good luck with that in this climate, the PRS is shrinking not growing under the current onslaught.

From: Mike D 14 August 2019 10:59 AM

Mike D
Nothing to see here..... S24, No Tenants fees, legislation, more to come.... Obvious that rents go up. Alternative is losses and landlord sales of property, either way a negative for tenants.

From: Mike D 05 August 2019 20:47 PM

Mike D
Marxism, always with Labour emotions over sound business principles. Under this same principle hiring a car worth £20k instead of the £1,200 deposit you'd only pay £300.

From: Mike D 20 June 2019 12:26 PM

Mike D
Was considering air to water at home as a trial.

From: Mike D 31 March 2019 08:14 AM

Mike D
It will end in tears any 40% tax payer with 1-2 properties(75% of PRS) will sell to avoid the loss making S24 taxation. We'll definitely see a 1million PRS reduction from the original 4.5million, maybe more....but where will these million families go? They can't afford to buy, that's why they rent.... Homelessness will rise significantly, council temporary accommodation will sky rocket, at £50 a night (£1,500 a month) far greater than an average £800 a month rent... The smart money may be a shift into temporary accommodation rented to councils at higher fees.... Minimum 25% reduction in PRS and regulations will push up rents by 10-20% in a few short years.... It's not rocket science, but boy, it apparently hasn't been thought through by a poor chancellor!

From: Mike D 29 March 2019 07:15 AM

Mike D
Haha....let me translate.... We are not getting the loans we used to due to section 24, landlords are leaving the sector and selling up.... We are loosing business and profits, so we are trying to broaden the loan book to make sure we can get as many loans and maintain profits...

From: Mike D 08 March 2019 06:20 AM

Mike D
Why are you surprised? Have you not noticed the 2015 taxation on turnover from George Osbourne? Have you not noticed the coming legislation on No tenant fees? Where do you think all these costs are paid from? You can blame shelter for these changes.

From: Mike D 26 February 2019 06:53 AM

Mike D
What about the numbers of CO2 alarms in private housing? Have we reached a point where the few are over regulated, but the many are OK? If it was that important, why aren't all 27m homes forced to service boilers every year, have smoke alarms and co2, or doesn't it really matter that only 4m homes should be protected?

From: Mike D 26 February 2019 06:49 AM

Mike D
What about the numbers of CO2 alarms in private housing? Have we reached a point where the few are over regulated, but the many are OK? If it was that important, why aren't all 27m homes forced to service boilers every year, have smoke alarms and co2, or doesn't it really matter that only 4m homes should be protected?

From: Mike D 26 February 2019 06:48 AM

Mike D
What about the numbers of CO2 alarms in private housing? Have we reached a point where the few are over regulated, but the many are OK? If it was that important, why aren't all 27m homes forced to service boilers every year, have smoke alarms and co2, or doesn't it really matter that only 4m homes should be protected?

From: Mike D 26 February 2019 06:47 AM

Mike D
What about the numbers of CO2 alarms in private housing? Have we reached a point where the few are over regulated, but the many are OK? If it was that important, why aren't all 27m homes forced to service boilers every year, have smoke alarms and co2, or doesn't it really matter that only 4m homes should be protected?

From: Mike D 26 February 2019 06:46 AM

Mike D
What about the numbers of CO2 alarms in private housing? Have we reached a point where the few are over regulated, but the many are OK? If it was that important, why aren't all 27m homes forced to service boilers every year, have smoke alarms and co2, or doesn't it really matter that only 4m homes should be protected?

From: Mike D 26 February 2019 06:44 AM

Mike D
Too costly for the risk, better to self manage for the size of the risk. With everyone wanting a slice, agents,regulation, taxman, poor tenants nothing left for the major risk player, the landlord with massive investment...

From: Mike D 23 February 2019 13:18 PM

Mike D
Pensions could work without the excgsessive fees, but with buy and hold strategy like shares, property doesn't have the wealth draining powers of pensions. In some cases the financial services make more money in fees than you do in growth via compound interest effect..... Wouldn't have finished work at 48 with a pension!

From: Mike D 23 February 2019 08:10 AM

Mike D
All my properties have better kitchen and bathrooms than mine, this constant bashing is complete nonsense to majority of landlords, it with taxation is only going to reduce available property as they sell, or increase rents to pay for the pleasure of over extended legislation, especially as the rest of the 20 million homes don't do any of it. You don't open a window with a hammer, chase the bad landlords by tenants reporting them, and give tenants clear instructions on what is correct and not.....instead of incurring hundreds of pounds in legislation that no one will check, and many tenants don't even care about!

From: Mike D 22 February 2019 11:52 AM

Mike D
Nothing to do with 3m+ Europeans migrated to UK who are used to renting back home then....?

From: Mike D 22 February 2019 10:21 AM

Mike D
With all the tax and regulations changes, residential B2L is dead, there's no money in it, especially if you encounter bad tenants! Unless your mortgage free, then there is only airbnb or HMO left with the big financial risks you take with your investment.

From: Mike D 20 February 2019 10:40 AM

Mike D
No cure for Laziness, apart from rats waking them up to their own reality!

From: Mike D 18 February 2019 14:05 PM

Mike D
I've used it, poor tenants aren't granted the scheme as the insurance company won't take the risk either. So poor tenants will be intimated from renting if they have a poor record, plus the insurance is paid and the insurance company then chase the debt from the tenant, that will sharpen prosecutions I should imagine

From: Mike D 01 February 2019 08:05 AM

Mike D
I have used it, only the best renters get to use it as of course insurance companies don't want the risk either. Insurance companies would chase the tenant for arrears and costs, it might harden up the system and reduce problems, because you'd reduce risk of bad tenants by not having them with the scheme, so by only using the scheme poor tenants would never get a property in PRS.

From: Mike D 01 February 2019 07:49 AM

Mike D
Well done George Osbourne section 24 is working!!

From: Mike D 30 January 2019 09:11 AM

Mike D
What a bad article, obviously person who wrote it doesn't understand business and taxation, costs incurred of running a business, isn't tax relief its expenses. Like the cost of a persons wages in a business, the cost of operations, building are costs incurred, thus an expense to create a profit, not tax relief!! The fact that section 24, is the 1st time in UK financial accounting practice, that tax is taken on turnover, should be a worry to every business in the UK, tax is only every taken on profits, now you can pay tax on turnover, not make a profit and be in constant losses with full taxation..... That would sent many business under in the UK, and so it will be in the PRS as it continues to shrink making many more homeless.

From: Mike D 30 January 2019 09:07 AM

Mike D
Rents will just go up, it's that simple, my agent has advised me that there is an increase in fees of 2% going forward, and I should put up my rents by £20-30 a month to pay for it....nonsense, if the tenant stays 6m they still have to pay, if they stay longer they'll pay way more...poorly thought though, government looking for votes not good laws!!

From: Mike D 24 January 2019 14:12 PM

Mike D
My agents are passing on the fees with a 2% increase in management fees, they have advised me to increase rents by £20-30 a month to pay for them.

From: Mike D 24 January 2019 14:04 PM

Mike D
I had the same, did her a heartfelt favour...cost me £8,000 never again

From: Mike D 10 January 2019 09:18 AM

Mike D
I Was working with a local council on PRS strategy and joint working till homeless came along now it's all about that and forget working with PRS locally... They just can't see without the PRS, they have no where to go as landlords continue to sell up, homeless grows and the bills for temporary accommodation shoot up. In Coventry homelessness bill has gone from £1.2m too £4.3m in a short time, section 24 maybe?

From: Mike D 10 January 2019 09:13 AM

Mike D
It is effectively dead in residential with mortgages and a 40% tax payer. Yields are too low to equalize tax in this scenario, only HMO and SA is viable. Portfolios are built over 10-20 years, and once they are gone, they are gone, unless S24 is abolished. The only other way is Ltd company where it doesn't apply. So hold on a personal portfolio up-to the new £50K threshold, then build again in Ltd. Is the only survive. Of course as the sell off continues, more and more become homeless, as they couldn't afford to buy anyway. In Coventry, cost of emergency housing has risen from £1.2m a year too over £4.3m. You can't conceive that the taxation is enough to offset these costs nation wide, so it will now be coming a net loss to the treasurey....it must be UK wide!

From: Mike D 06 January 2019 20:38 PM

Mike D
All mine have risen by 10% due to section 24= Now Agent is suggesting a 2-3% further rise to pay for No Tenant fees.

From: Mike D 14 December 2018 17:17 PM

Mike D
I do know in Coventry, the council used to spend £1.2m on homeless Pre section 24, that Bill is now £4.3m. Not much savings there much cheaper to pay £500 rent than £50 a night at £1,500 a month....easy business maths!!

From: Mike D 12 December 2018 19:22 PM

Mike D
Rents rises coming, my agent says, fees rising for landlords, offset with rent rises to pay for them, even have a financial model to show how it works.....

From: Mike D 11 December 2018 11:17 AM

Mike D
Agreed with Robert risk isn't a one-way street. If we are forced to take greater risks then the Council can share them

From: Mike D 05 December 2018 13:59 PM

Mike D
Many properties sold with tenant are sold under value, that's why at auction they are generally sold with vacant possession. It also limits the market you can sell too,if someone else wishes to live in it!! Never had a tenant stay 3 years, and they can anyway already fairly easily by looking after the property & paying the rent....easy!

From: Mike D 27 November 2018 23:15 PM

Mike D
Had two, lost thousands.... Too troublesome, too much attitude, late payer if you get it at all. Damage to property, dumping goods &Rubbish..... Far too higher risk for little returns

From: Mike D 27 November 2018 22:54 PM

Mike D
Typical council losing sight of sense and reality. Convictions and rules over pragmatism. "People being forced" to accept lower standards....I can see the landlords there, stealing money from the tenant with a gun to there head.....forcing them to take the room!!

From: Mike D 19 November 2018 10:39 AM

Mike D
Well seeing how we're doing crystal ball's... Yrs corporate are entering the sector, but business had share holders and they like returns! Give them 5 yrs loss of rent through arrears, damage, constant refurbishment and legal/professional costs.... They will then realise yields are too low, rents will rise and some will restructure and sell up.. Don't presume this is a positive move, corporate landlords have greater resources for faster evictions too

From: Mike D 16 November 2018 12:15 PM

Mike D
Finally someone is considering law of unintended consequence..... You don't always get what you intend, and sometimes it ends up worse! I don't believe banning fees is a feasible route, these things cost money, better a committe spend time on recommending a fee structure kept to a minimum with RPI annual increases.

From: Mike D 09 November 2018 10:15 AM

Mike D
Very poor article lazy Mark da Silva!! Obviously doesn't understand how a business works... Property maintenance, insurance, agent costs, taxation, lost rent and damaged properties... These aren't extra money grabbing profits, they are a reality of costs incurred by landlords to provide a home. Some of which, £2,000 for a new boiler, any home owed would also have to pay, what does the average home owner pay on their property every year?

From: Mike D 08 November 2018 06:41 AM

Mike D
Over heard a student complaining about her 'bad' landlord. She had reported an extract fan not working and it had been two days and nothing had been done!! "Probably need to burn down, before he comes out", she said..... That's the trouble with those that have never run a property, hired a tradesmen or tried to get things done! Its not a hotel luv, this is real life!!

From: Mike D 29 October 2018 09:46 AM

Mike D
Well mine have only gone up, nothing falling at all!!

From: Mike D 25 October 2018 19:31 PM

Mike D
Politically & Economically naive I'd say!! But generation rent are aren't they. Or just used to having it their own way. I can say my rents are all up by 10% to market rates to cover S24. And I can see that climbing over the next couple of years.

From: Mike D 23 October 2018 12:53 PM

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