I recently read an article by Patrick Collinson in the Guardian, it was entitled ‘Britain’s buy to let boom is over, we should rejoice’ (Saturday, 8th February 2020)

I don’t know if Patrick Collinson’s article is typical of the biased reporting in the media, I tend not to read newspapers as a rule. I found it one sided and poorly researched: gutter press porn for the uneducated.

It makes no reference to the time it has taken a typical landlord to provide decent housing for his customers.

It takes no account of the dreadful state that properties are left in when a tenant gets evicted or the cost of putting this right which comes directly out of the landlord’s pocket.

The fabled “fat lazy profits” he refers to clearly shows he has never been involved in the reality of being a landlord, as running a portfolio is demanding work and there are costs besides mortgage payments to be taken account of.

As to “smugly sitting on unearned house price gains” – I can’t speak for the South of England, my properties are in the North West and there have been no gains in my portfolio since 2007, not that that matters. I invested for income not for growth.
Collinson is right though when he says landlords are leaving the industry, and he seems to suggest that this is a good thing. Again, this shows me that Collinson has just has not thought this through.
Private rented accommodation, like any other industry you care to mention, has a bell curve. At one end there are landlords who provide an outstanding service. At the other extreme are the rogue landlords who not only provide unsafe and unhygienic living accommodation, they will also continue to do so regardless of whatever legislation is introduced. The rest of us provide decent accommodation at whatever the market rent is and comply with all required legislation.

We don’t “squeeze as much cash out of young adults as possible”. Market rents are market rents. Supply and demand is a matter of economics. Young adults can choose where they live and landlords are entitled to get paid for their services just like reporters. If there is a shortage of living accommodation that is driving rents up, then look to the Government who have systematically destroyed their own social housing programme and are now looking to destroy the private rented sector.

The industry is now under such severe attack that you have a weird situation where the landlord is now taxed on turnover, not on profit.

Take any industry you like; nobody can run a business on turnover. There is an adage “Turnover is vanity, profit is sanity”. Landlords are being taxed on profits they never made! They can make a loss and still must pay tax.

No wonder landlords are selling up and it will be the tenant who suffers in the end. It appears to be open season on private Landlords, and I like so many others are looking at other ways to earn an income.

Heaven help the poor tenants once the corporate landlord dominates the scene. Many landlords are real people with a face and a heart. The corporate landlord, one who runs the business as a limited company, can still claim this tax relief on mortgage payments that Collinson considers so heinous. I believe that this concerted attack has been orchestrated by the Government so that it is the Corporate Landlord who will take over the industry.

However, now that the small landlord is leaving the market there is a very big chance that the faceless conglomerates will start to take over. There is a readymade market and a supply of houses just there for the taking. It’s a no-brainer. Then there will be no quarter for the tenant.

As a private landlord of some 15 years now, I have watched these increased taxes come in and I’ve said nothing. Regulation serves a purpose. But enough is enough!

I have seen my profits dwindle to a point where I daren’t rely on this income to see me through my retirement years.

I have seen increasing default on rent and longer void periods.

I have had to refurbish properties left in a state that I would not want a new tenant moving into.

I have seen my landlord insurance premium go up and up.

I have struggled to keep up with new regulations laws and requirements.

What was once a joy is becoming a chore and I have started to look at an alternative way to provide for my retirement.

I took the decision last year to build a new income stream away from property. It has taken some time and effort, but it’s beginning to show a return, particularly as I have the help of a very successful coach.

If you are interested to find out what I am doing, and how I go about it, my coach has just released a book that sets out exactly what to do. You can buy the book from Amazon (Just search for The Iceberg Effect by Dean Holland) but Dean has agreed to give the readers of my blog a very special deal. If you want to find out more and grab a copy for just the cost of shipping and handling, CLICK HERE.

Please leave me a comment below and let me know what your experiences have been


  1. Anne, I am a renter, as is my brother…. and we have had some interesting experiences of renting. From dodgy landlords to absolute supper landlords, from flooded flat to serviced swimming pool, the key has always been the landlord and their attitude. You are right when you say there are good and bad in all industries. However, one thing we have both experienced is the ‘I have decided to sell’ conversation. In every case it has been the fact that it is was no longer financially beneficial to rent, the tax regime was killing them. In each case they had decided to sell up and put their money to work elsewhere.

    One of the guys said “The think with property, it is very difficult to multiply your income, each property has an upper limit on what you can realise”, he, like you was looking for an alternative income source. He said he had seen so many opportunities, but a lot just looked like scams.… so how did you decide what to do to diversify your investment?

    1. Thank you for your visit and your comment Tony. So sorry to hear that your landlord decided to quit the industry. I hope your new landlord is equally as nice as your old one.

      It’s a good question about choosing the right method to diversify. My experience in many ways is similar to my property journey. In property, I found a very good mentor with an excellent support network that was there for me when I needed help.

      I have chosen to move into an online business around affiliate marketing. Again my mentor, Dean Holland, has achieved what I want to achieve and he has a brilliant support network both with his admin team and with the collection of students and business affiliates who are also learning from him and making money online.

      Any new business can be tough and lonely and we are more likely to succeed when we have help and support

  2. very interesting article Anne, my partner is a private landlord and he has 4 properties spread across Bristol, Bradford and Donnington. He started it as an alternative to a pension, but he like you is finding it increasingly difficult and he continues to work fulltime. He also like you is a decent landlord who sets his rent at fair price in keeping with the local trends and he has never put the rent up for the tenants who have been there for a long time despite the local rents going up. But he still has costs and outgoings, and should be appreciated rather than berated because at the end of the day, landlords provide a service, and its a much needed service and like you said the majority if them are decent people trying to make an honest living. I hope your online business is coming along nicely and taking away some of the stress of being a landlord!

    1. Thank you for your comment Vic. I hope your partner finds a solution to his challenges as a landlord. And thank you for your good wishes. Here’s to our success for both of our different ventures

  3. I agree with your thinking Anne, and that is to move online and set-up multiple income streams. I am in an electrician by trade and although there is always work, I fear that the ‘building game’ is quite unpredictable at this time, hence my decision to seek out alternative measures. Good luck with your online venture, I wish you every success.

    1. Thank you for your comment John. Yes, I think having different streams of income gives good protection against the unexpected. And the construction industry has its own challenges too. Here’s to both our succes with our different ventures

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