this post was submitted on 12 Oct 2023
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It's the ones left with an extra property as a result of inheritance or moving in with a partner that are probably OK to rent from.
Although letting agencies are always there to bring the big landlord misery experience to smalltime landlords.
Anyone buying a third property or more should be charged 100% stamp duty.
I have a small house I purchased in a neighborhood full of renters. I bought during the low interest pandemic times, too, so my mortgage is less than most people's rent. If I won the lottery tomorrow I would definitely sell my house for a better one (I make about 30% more now than when I bought, and the only reason I won't move now is because of the interest rate). So many people have told me that I need to rent this place out rather than sell it. But I don't have the ability to be the kind of landlord you described and therefore I know I shouldn't be a landlord at all.
You don't need to be a "unicorn", just be a "good horse".
Treat your renters decently, and take care of issues as they come up.
Don't be your own worse enemy.
Just be a good horse. I need this on mug or something.