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Excellent article on how important small landlords are and how screwing them over hasn't worked

  • 03-06-2022 7:06am
    Registered Users Posts: 512 ✭✭✭ MakersMark

    Excellent article on RTE.

    When Threshold is calling for 0 tax on rental income below 14k (like the current Rent a Room scheme but applied to all rent) you know something is seriously wrong.

    86% of all landlords are small landlords.

    50% of renters rent from small landlords.

    7000 small landlords have left the market in 4 years.

    Rate of small landlords selling up has almost tripled in 2 years.

    44 separate pieces of legislation introduced since 2008, not one of which helps small landlords.

    Looks like the chickens are home to roost.

    Post edited by L1011 on



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  • Registered Users Posts: 3,121 ✭✭✭ Tow

    That is the Irish public sector for you, they take no responsibility, are hard to contact and don't give hard and clear advice. I take that back, there are sections like Revenue who believe it is better their customers have clear instructions, as getting things right first time is better than having to fix a mess.

  • Registered Users Posts: 5,955 ✭✭✭ handlemaster

    Institutional investment companies will not invest outside the large urban areas. Towns and villages will always only have small time landlords

  • Registered Users Posts: 5,955 ✭✭✭ handlemaster

    Revenue will give you a form to fill in leaflets with instructions etc. RTB has only started providing forms. I dont think the poster was implying the RTB are expected to come to your home and write out termination letters etc

  • what happened the properties of the landlords who left the market?


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  • Registered Users Posts: 2,108 ✭✭✭ mattser

    In my own case, first home for a young couple.

  • Registered Users Posts: 22,208 ✭✭✭✭ ted1

  • Registered Users Posts: 22,208 ✭✭✭✭ ted1

    Sold to professional large landlords who will charge as much as possible. Where as a small landlord will have some compassion when set rent reviews

    this also Drives up property prices

  • Registered Users Posts: 24,648 ✭✭✭✭ AndrewJRenko

    Really? Where can I get a refund on the very large annual fees they took off me last year?

    You seem to have missed the point. They don't provide advice, hard and clear or otherwise, because they're not supposed to provide advice. It is not one of their statutory functions. They're not funded to provide advice. Staff aren't trained to provide advice. It's a nonsensical suggestion to expect staff at the end of a phone to interpret complex legal situations and give 'hard and clear advice' over the phone to get landlords out of a messy situation. Those situations are resolved by tribunals, so you can't expect the staff member on the phone, getting half of a one-sided story to give hard and clear advice.

    Revenue don't give advice on tax interpretation either. That's why there's a huge industry of tax lawyers, accountants and consultants out there to provide professional tax advice.

  • Registered Users Posts: 24,648 ✭✭✭✭ AndrewJRenko

  • Registered Users Posts: 24,648 ✭✭✭✭ AndrewJRenko

    Yes, I read your post carefully, including the bit where you complain about them not being able to give advise (sic).

    Their response was always that they couldn't advise on the legislation even though they are the state agency with responsibility for overseeing everything to do with the residential rental sector, you couldn't make it up.

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  • Registered Users Posts: 12,498 ✭✭✭✭ Dav010

  • Registered Users Posts: 1,402 ✭✭✭ mrslancaster

    That was their response when asked for information. That they couldn't ADVISE on the legislation.

    I contacted them recently to ask about the transition from part4 tenancies to indefinite duration. I know from reading the blurb that this is supposed to "happen over time" but there is no information on the website as to how that will happen. Information that is relevant to everyone in the rental market, not only landlords.

    The staff may not be legally trained but the RTB are the body with responsibility and should provide information that affects any stakeholder in that sector.

    Post edited by mrslancaster on

  • Registered Users Posts: 1,402 ✭✭✭ mrslancaster

    With regard to the landlord in sligo who increased the rent from €880 to €1500 per month, IMO, that is extortionate and is the type of thing that gives all landlords a bad name. Even if rent hadn't been increased for a long time, that amount would be a huge shock and very worrying for any tenant. Very few people could manage a jump like that.

  • Registered Users Posts: 12,498 ✭✭✭✭ Dav010

    What is market rate for a 4 bed house there?

    Its a huge jump, but probably in example of why rent should be raised yearly, a LL who leaves the rent low for a long time then raises it to market rate gets slaughtered in the media. Another way of looking at it would have been that they benefited hugely from significantly below market rate rent for an extended period.

  • Registered Users Posts: 22,208 ✭✭✭✭ ted1

    Why did you revenue an annual fee?

    RTB, The RTB website provides easy access for our customers to information relating to residential tenancies

    look at this guide:

  • Registered Users Posts: 513 ✭✭✭ 10pennymixup

    I started selling up four years ago and my first to go was four studios with about 6 people which is now a computer training school.

    My last two properties were sold in the last 7 months. with the first a family of 4 were replaced by a single parent first time buyer with one child coming from her parents house.

    The other was a family of four replaced by a family of three.....from South America.

  • Registered Users Posts: 5,861 ✭✭✭ Claw Hammer

    The point is that if small investors abandon the business in the towns and villages, who will repl;ace them? In some small towns in holiday areas there is no long term rental market at all.

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  • Registered Users Posts: 5,861 ✭✭✭ Claw Hammer

    There are two sides to every story. That landlord might have been carrying negative equity for years, had rent that didn't cover the repayments, not to mid NPPR, LPT and every other charge. He might have been living on beanns and toast and now needs money to pay for his mother in a nursing home, for all anyone knows.

This discussion has been closed.