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  • In the Spotlight

    Being a landlord is not a straight jacket

    As the year draws to a close, it's a great time to reflect on challenges faced and lessons learned... and 2018 has certainly been challenging for Landlords - to say the least!!  

    Added to increasing regulation, legislation, and Government intervention, we've become "Public Enemy No. 1" in the eyes of the media, with anti-landlord rhetoric grabbing endless headlines and some of the biggest fines in history putting landlords in the spotlight for all the wrong reasons.  I believe the greatest fine for a criminal landlord this year topped £450K! 

    The ghost of Rachman was resurrected in 2018 and some new Rachman's (the minority) have created bad feeling, even hatred,  towards the majority who do a good job, which has made it harder for push-back against Government increasing red tape in our sector.

    However, while it can sometimes feel like it, being a Landlord is not a straight jacket.  Even given the challenges that ‘we’ have all been through, it should always be a loose fitting and comfortable suit.

    Yes it gets tarnished and needs a clean. Yes it needs repairing every now and again, and yes some people don’t like the cut of it - but it’s our suit and we feel comfortable in it and should regard it as a privilege to wear it.

    It’s easy to write a list of all the bad things that there are - sometimes it’s easier than writing a list of the good things - but there are positives.

    Creating a roof over someone's head, making something of what you’ve got for your family, providing for your dotage so that you do not have to rely on the state - just having the ability to be in this situation is something to be grateful for and we should never lose site of that or abuse it.

    I for one am grateful for having the ability to even consider being a Landlord, let alone actually being one.

    More than that, I’m grateful for Property Tribes, not because I own it, but because of the positive difference it has made to the private rented sector (PRS) at a time of such velocity of change.

    Moreover I’m grateful to you, all of you who not only contribute to the PT community, but to those that appreciate it by using PT as your go-to resource.

    And there are a lot of you.  The tribe continues to grow.

    We have had the best year ever on Property Tribes, not just with ever increasing stats and users, but from PT becoming a permanent and respected fixture within the PRS in the UK.

    We have been recognised by government as one of the leading Landlord communication channels in the UK - and one that they want to actively engage with going forwards.

    We have had regular correspondence with MHCLG and had a positive meeting with the special advisor to Housing Minister James Brokenshire, who requested our views on Landlord issues.

    This is all down to you guys:  we may have had the meetings, but it’s what you look at and what concerns you that give us the overview to, in turn, feed back to Government.

    Thank you to every single contributor who has so generously given their time and input here to support newcomer landlords and those that are struggling with problems or who need some guidance to move forwards.

    There is no need for any landlord to work in isolation and we urge anyone who is to reach out as there is a lot of support out there if you but ask for it.  Landlords are more connected than ever before, and we can leverage each other's knowledge, experience, and contacts to help us be better at what we do and make wiser business decisions.  This in turn mitigates risk, something that each and every one of us takes on when we start a business.

    I also like to take this opportunity to thank our sponsors, old and new, without whom PT could not remain the free to use re-source.

    Remember, that if you have got value from Property Tribes, you may like to show your appreciation by using the products and services of our sponsors and affiliates.  We thank everyone over the year who has used those and thereby supported PT, and also our affiliates of mortgages, insurance, and EPC's (which can all be accessed by the tabs on the home page).

    Property Tribes will be 10 years old next year, and we have a lot of exciting new initiatives and content planned to help create what we are calling "smart landlords".  Educated landlords are better landlords, and ultimately, it is our customer/client who will benefit ... and that is tenants.  PT's mission is to promote the raising of standards in the PRS and ensure that everyone has a better experience of it.

    That mission will continue into 2019 and beyond and you are all welcome along for the ride.  It may feel like a roller-coaster, but I reckon that when we look back in 10 years time, it will seem more like we went over some speed bumps!

    So it’s time to wind up the year and wish you all a peaceful and relaxing Christmas and a Happy New Year.

    …. and remember, you make that suit look good!

    N

    SEE ALSO  -          Negative & positive PRS happenings of 2018?

    UP NEXT -              Property market predictions for 2019

    DON'T MISS -         Get some dates in your diary to fire up 2019!

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    [Image: 4995468760_6be86655d4_t.jpg]
    general operations director, site owner and moderator - propertytribes.com