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> Murphy's Landlord Laws! |
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Have
any of the following ever happened to you? This list
could go on but I'm sure you get the idea... (Yes, most
of them are true!) Who'd be crazy enough to want to
be a Landlord?
-
Tenants have at least one relative get sick or die
per month, so they will just have to pay you later.
-
If a tenant attempts to replace the washer in a
tap, plan on replacing the taps and perhaps all
the plumbing in the building.
-
When the heating breaks in mid-winter, it is always
the boiler.
-
At
least one tenant's cheque will be "lost in
the mail" every month.
-
For
some unknown reason, the bank won't pay their rent
and the tenant will claim it is the bank's fault.
-
Their
standing order will mysteriously get cancelled for
no apparent reason.
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- Every
lost pet will find its way to your empty property.
- B&Q
closes five minutes before you get there.
- A
tenant's ability to see dirt and damage is much
greater when they move in than when they move
out.
- Your
best tenants always get job transfers during
the worst rental markets.
- Everything
in your rental property will break 10 times
faster than in your own home.
- Tenants
always swear under oath that the window was
broken when they moved in.
- When
a tenant calls and says, "Hi, how are you?"
something is drastically wrong.
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That
quiet young single mother with the baby
that you rented to, will start dating the
mad motorcycle man from hell (and several
of his friends) the very next week.
-
Prospective
tenants who make an appointment to see your
property across town, often get kidnapped
on the way there, so there was just no way
they could call you.
-
Tenants
only lock themselves out in the middle of
the night or when you're out of town.
-
In
a HMO it is always the other tenant that
did it.
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Days
after moving in, your tenant will no longer have
a job and will now be on Government support DSS/LHA.
-
When
rents are on time, your letting agent is available
and happy that he is providing a good service. When
rents are late, the letting agent is always busy
and it is not his fault that the rents haven't been
collected.
-
When
you can't get through to your tenant on the phone,
you can be assured that when you go round they won't
be at home either.
-
Major
leaks ONLY occur on bank holidays and during the
Christmas period.
-
The
plumber that is going to be on time is the third
one you book, after waiting days for the other two
not to show up.
-
The
tenant is only cat-sitting the cat you see and it's
not theirs.
-
When
it's sunny your bank manager will give you an umbrella
- but when it rains they will either try to take
it away from you or shoot holes in it.
-
The
job you hire a contractor to do will cost and take
at least three times as long as it would for you
to do it.
-
When
your rents are late, the banks can be guaranteed
to still take their money and make your tenant's
problems, your problems!
-
When
in court and a landlord and a tenant walk in, whoever
is the landlord is automatically guilty even before
the case is heard.
Subscribe to my Blog, follow me on Twitter and Facebook
and check my other articles if you want to know the
truth about what is happening. Share the links and posts
with your friends if you find them of value!
Bobby
Have you got any funny
Landlord stories or Murphy's laws to add to the list?
Share them with us and other Landlords by emailing mike@mypropertypowerteam.co.uk.
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For
those of you that know Bobby Gill, no introduction
is necessary.
For
those of you that don't - Bobby has been
on the property scene for 10 years.
He has always had his ear to the ground
and been ready to help those with less experience.
If you're familiar with Parmdeep Vadesha's
Tycoon Forum, he was a big contributor there.
He has covered (and has personal experience)
in renting, auctions, letting and estate
agents, HMO's, student lets, Banking, Solicitors,
Bank Receivers to name a few areas of property.
He
likes to learn about and get immersed in
various subjects and has more recently been
involved in social media, wealth creation
and personal development events.
He
doesn't claim to be an expert or guru but
does have a lot of knowledge in various
areas. He's also not afraid to voice his
opinion or speak the truth - so whether
people agree with him or not, you can be
sure he will say it as it is.
Bobby Gill will be writing for MPPT to provide
you with an alternative viewpoint on what
you hear at all the seminars.
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