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  • Property-a-holics

    ARLA: The health of the private rented sector



    Yesterday, at the annual ARLApropertymark Conference in London, Housing Minister Heather Wheeler defended Government policy on landlords and letting agents amid a swathe of questions over the tenant fees ban, tax changes and Right to Rent.

    We caught up with ARLA Chief Executive David Cox, to hear his views on the health of the private rented sector with David commenting that landlords are facing "making the biggest decisions about their business that landlords have faced in a generation".

    This exclusive interview highlights the many challenges facing landlords and the private rented sector and how things are about to change significantly in light of the Tenant Fee ban.


    The interview also mentioned 3 year tenancies and "property MOT's", as mooted in the recent Julie Rugg report and both these ideas seem to be gaining traction with Government. 

    Heather Wheeler told the Conference that a Government response to a consultation on three-year tenancies, which has had more than 8,000 responses, will be published in “another month or so”.

    Wheeler also said a report on the impact of selective licensing will be released in the Spring, while Lord Best’s review of professional standards in the agency sector will report in July.

    Full coverage of the Conference from our media partner, Property Industry Eye. 

    Please share your reactions to this interview and if you think the PRS is facing unchartered waters.

    SEE ALSO  -        An end to tenant fees

    UP NEXT -            Plans for when Tenant Fees Bill come in?

    DON'T MISS -      Tenant fees ban - creative way to set up AST?

    NOW WATCH:

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    When will the government join the dots ????

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    ``When will the government join the dots ????``

    Not I fear until they are old enough to use crayons!  

    I reckon they are about 5 years behind the game at any one point

    Then a general election and it all starts again with new people with their own bright ideas

    So the picture will never be completed as they have an impossibly difficult matrix before them  

    My role is just to leapfrog between the dots of life  and make my own picture

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    Jonathan Clarke. http://www.buytoletmk.com

    Hi JC,

    Can you describe your "picture"?  I would be interested to hear your perspective.

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    Hi V

    Big question ...but i will try

    We all have a trillion dots in our head . Its impossible to join them all in a lifetime but we kinda try

    Often I feel  we try too hard and  have breakdowns as we cant or won`t switch off

    So to create my picture I know I have to ignore the majority of dots  or i get overwhelmed

    So the picture gets simplified in order to progress and its only the key decisions which I worry about

    Do I spend 100K on a house rather than 120K is important so that needs DD time

    Much more important than do i buy a £100 fridge or a  £120 fridge - that takes 1 minute

    Time is very very  important in my picture . Its precious and the older you get more so

    The detail is important yes but getting too distracted by it drags you down

    I make lists - They may have  up to 50 items or dots on that list . Some link to others some dont

    But I restrict myself to only 5 key dots a day and put an asterisk by them

    That`s my picture for the day which must be completed come hell or high water

    When they are completed by using the ` Eat that Frog ` philosophy I`m done for the day

    All other dots I decide to tackle is a bonus then

    I start at 6 am and aim to finish by 8am . This is the concentrated mind work part of the day .

    The rest of the day is on is on a relaxed auto pilot with the occasional interruption

    My picture for life though is similar . 5  dots.  Family Friends Leisure Money Health

    Under Money comes the sub section Property - Buy a property and rent is out

    Peoples money pictures should be not too complex in my view

    We only need it to do other stuff or just feel secure and reduce worry

    Happiness is a clear horizon.

    Money as one of the big 5 dots helps to get to that clear horizon

    https://www.youtube.com/watch?v=14dOICbwSIs

    Creating a clear horizon makes  a beautiful picture

    People tire of their wallpaper  and get stressed for some reason and want to change it 

    I dont though . Mine is bright orange and peeling and has been there 25 years . Love it

    But people never tire of a wonderful view across a sun kissed  green valley

    That`s my real picture . This planet is a beautiful place and its all free

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    Jonathan Clarke. http://www.buytoletmk.com

    Great list there JC - if that isn't 'sticky' material on this forum then I don't know what is.

    Reading through that I am not surprised by anything you've said as to how you've got where you are today, so well done.

    I have just started using lists again (albeit sporadically) but as you say, when the list is done, it's time to relax!

    10 streets analogy

    5 items on list analogy

    147 on the snooker table analogy ;->

    I'm sure there's others.

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    It drives me mad to be honest

    If I could see since I would understand

    but I can’t

    the government is so misguided

    if we really want to see how bad they are just look at the EU mess

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    You're doing your thing DL, and doing it a lot better than most, so I wouldn't worry about what dopey Govt is doing. Other than to react to stupid decisions on their part, what can any of us really do?

    As JC said, they're 5 years behind what is really going on.


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    They are totally out of touch Adam

    but I still ask myself this question

    do they want me to be a landlord

    its like watching a slow death


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    The government are only in touch with public opinion and the quest for votes. To that end they’ll quite happily see the end of the prs, its  a win win for them , property will generally sell to owner occupiers “win”, a reduced prs which as its been villified is another “win”, there will most likely be substantial CGT paid as landlords sell up “win”, the problems it causes can be ignored until the run up to an election at which point massive investment in social housing announced “win” as the electorate like the idea, that it’ll be a ruinously expensive way to house people will be of no concern.

    The prs will shrink over time , it’ll slowly professionalise with the average number of units per landlord increasing, the prs will never disapear completely, there will always be a demand , just not the same as now.

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    I forecast a long time ago that small highly leveraged landlords will go

    for the very reasons you have outlined

    the sector is going to become professional as time marches on

    the ones who will go will be hobby landlords with a job outside of the PRS and the accidental landlords who did not purchase a property as an investment to start with

    the ones who are left will have high yields and good profits

    and will be most likely to form a company to move forward

    but we are all going to face more regs and taxation just like other uk bussinss

    the govt will be happy to see landlords sell it looks good and it puts money into the pockets of HMRC

    of course there will be a cost and that will be less homes to rent


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.