BUY-TO-LET landlords are seeing their profits slump due to increases in mortgage rates. Landlord Martin Bishop explains why else it’s a terribly difficult job:
The government’s against us
Thanks to the Conservatives, who are meant to be our guys, mortgages are rocketing. This means a buy-to-let landlord with an eight-property London portfolio is screwed. I’m looking at selling at least one of them. You can’t imagine the emotional toll of that. It will honestly be worse than being homeless.
Maintenance and upkeep is problematic
By which I mean f**king expensive. We’re being bled dry. Tenants these days put up such a fuss about faulty wiring and gas safety certificates. Do you know how much electricians and dampproofing cost? Obviously not, because you don’t even own a house, you workshy scum, I mean valued tenant.
Nobody has a good word
You’d think people would be grateful for a place to live, but they carp endlessly about paying out 30 per cent of their wage on a beige shithole where they aren’t allowed to put up pictures or have pets. Yes, the washing machine’s been broken for seven months, but I’m very busy ignoring all my other tenants right now.
No one believes in our altruism
I got into this job to help people. To put a roof over the heads of those in need. To give something back. So stop moaning that I’ve served you with a section 21 notice because I need to put the rent up. You’ve had your turn. Move on.
Everyone thinks we’re in it for the money
I mean, they’re not wrong. We’re tightfisted f**kers who go out of our way to screw people out of their deposit. But we still hurts us when they to think it.
