Tuesday, October 14, 2008

The latest craze is ……. Rent Dodging

Naming and Shaming

SIGNS naming and shaming those who have fallen behind with their rent will be put up outside dozens of homes across Merseyside in the next few weeks as landlords feel the bite of the credit crunch.

Posted by yoyo1 @ 02:04 PM (1455 views)
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35 thoughts on “The latest craze is ……. Rent Dodging

  • cool i am going to get some signs done for agents..

    Dodgy Agent operates from here……

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  • wonder if they have enough signs for liverpool?

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  • The internet will replace Estate agents soon because without exception they are, in my opinion, useless, lazy, self serving and stupid, whereas technology is at least reliable. The world will be a much better place

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  • Why on earth would a letting agent do that? I’ve never missed a rent payment in my life and if I ever do then I doubt the landlord will be too concerned as the shit would really have to hit the fan for that to happen, but if I saw a letting agent board with a “this guy didn’t pay” sign plastered on it I guarantee you I would not use them next time I moved. I also don’t understand why the tenant would allow the sign to stay up – just rip it down. The letting agent has no right to put signs up on a property you are renting (even if you stop paying).

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  • What about signs for buy to letters who can not pay the mortgage??

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  • timmy t. I’d love to see that as well, but how do you show someone a vacant property? or when the vendor is far away / abroad?

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  • Probably illegal, especially under EU legislation.

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  • Disgusting. That’s all I have to say really.

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  • does the human rights act protect criminals? I have heard of many horro stories of people refusing to pay rents just to not pay it, eg threats, simply not paying, trashing house then saying it wasnt fit to live in etc…

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  • If one of my friends told me they were dodging rent my reaction would be “Congratulations, how did you manage to do it?”. The letting agents are deluded if they think there’s any shame in getting something for nothing.

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  • How about some signs naming and shaming landlords behind with their mortgage payments?

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  • what about those landlords who offer a genuine service to people and still get screwed?

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  • Criminal offence under the Administration of Justice Act 1970 . Can’t humiliate or shame debtors into paying up.

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  • If the debt is over £750, then you can issue a Statutory Demand and commence bankruptcy proceedings

    http://www.insolvencyhelpline.co.uk/legal_issues_explained/statutory_demand.php

    Stautory demands are as cheap as chips.

    Not much point if the person has no money or assests. May even do them a favour if they owe money to other third parties and unemployment goes up.

    All those idiotic greedy BTL’s, if they are not trading through a Ltd company, and the banks give them 30 days not pay up, the property goes to auction and the sale does not cover the debt, then BTL’s gould also loose their own property and posessions. Kama is what the Hindues call it.

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  • I’m suprised the signs haven’t been knicked by some plastics.

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  • It could be counter productive. I foresee others thinking what the heck, Ill not pay either…

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  • Not related to the topic at all, but I’ve just been watching Krustie talking about the debt mountain on Have i Got News For You in 2003. Very entertaining.

    Krustie: “There’s been problems with some lenders connected with estate agents”

    Hislop: “That was very carefully put… would that be the Halifax then”

    6 mins in:
    http://uk.youtube.com/watch?v=I9-WDWADdis

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  • last_days_of_disco says:

    This is so quickly going to become a badge of distinction.

    Hahahaha, its just so funny. I love it. I mean Liverpudlians are not going to give a fig.

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  • I would take the sign down and stick it up at the estate agents. They’ll soon go out of business as potential and existing clients start to think that they can’t pay rent for their premises and start to take business elsewhere!

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  • How many BTLers factored in bad debt when doing their sums?

    A provision for bad debt has always been part of my calculations, and just about everyone I’ve met who’s been renting property has had problems in that department. But try to find a published analysis of BTL that makes a realistic allowance for it..

    Tenants know that if they stop paying the rent, it will take landlords the best part of three months to get them evicted, and landlords know that there’s no sense in evicting someone a few weeks before their tenancy comes to an end, in case they trash the place as they leave.

    Result? Many tenants know that they can stop their rent payments, and live rent free for the last four months of their tenancy, without any serious risk of being turfed out.

    With many tenancy agreements being for six months only, the wily tenant can carpet bag his way around, paying less than half the rent he should.

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  • Perhaps the EAs should get some “mortgage dodger” signs made up. They could use the old SOLD signs as they don’t need them very often now.

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  • I name and shame Gordon Brown

    For he alone has commited the tax payers of this country to years of paying back BILLIONS and BILLIONS so he might get re-elected in the (very) near future.

    I expect that our [email protected] of a Prime Minister will wait for the dead cat to reach the top of it’s bounce before calling a SNAP ELECTION (They only need 4 weeks notice)

    Did anyone realise that this slimey leach is actually called JAMES gordon BROWN !!!!!

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  • larry pickleman says:

    mark…u sound like a landlord.

    did anyone see that terrible internet ad trying to make some movie downloader look “unpopular” and uncool….knock off nigel or somtheing

    It was pathetic, but still “ominous” to watch the drip feed of paranoid propaganda via the “viral”!

    I think putting signs up by estate agents is the perfect answer.

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  • planning4acrash says:

    Lenders, post reposession, auction the house 4 cheap on the sly, track defaulters with private detectives, then hit them with the previously undisclosed deficit once they get employed & buy a new house, they can do this 12 freakin yrs after reposession!

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  • larry i have been in the past…. got out when i saw the downturn coming, now i am into shares as of last week………….

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  • Can you imaged the outcry if the banks or mortgage company put up a sign outside your house if you fell behind on mortgage payments.

    That would never happen.

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  • larry pickleman says:

    smelt you a mile off 😉

    I’m not into shares and all that sh*t…I loath that I was born into a land preowned by landlords and speculators…

    I’m also friends with a few…

    🙂

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  • Mark,

    Landlords are supposed to factor in this kind of risk when they decide to become landlords. Also it depends on the target market – if you’re letting properties in the rougher areas of Liverpool at the bottom end of the market, then you can expect to see a lot more non-payers and a lot more damage. The trade-off is higher yield, because such properties cost less to buy in the first place.

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  • students are the best tenants….. expect them to trash it, but you always get paid by their parents………

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  • mark wadsworth says:

    Putting signs up in Merseyside!?!

    What’s the point? They’ll just get stolen.

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  • Better still, why don’t they put a code on our right arm (tattoo).. I blame the Zionists.. and if they are reading, Nazism failed, as with Communism, and so will YOU!!!

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  • My words are being censored. And have been for a couple of days.

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  • “My words are being censored. And have been for a couple of days.”

    Clearly not doing a good enough job of it though.

    I blame it on the boogie.

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  • timmy t…that’s what I’ve been hoping for years. We’ll be saying to our kids “when I were a lad there were these things called record players, tippex and estate agents!”

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