UK Landlord Forum / Life

Hi all,

I need some advice from real life landlords as at the mo I am dealing with a lot of assumptions and speculation about where I am going wrong!

Here goes......I work for a London homelessness charity that leases properties from landlord (guaranteed rent, full maintenance, the usual stuff!) and then assists homeless people to move in and restart their lives. My problem is that not a single landlord seem interested, it's seems clear to me what the problem is - lower than market rents (quite a bit lower, although the rents are guaranteed) and non desirable tenants (although the landlord does not have to deal with them in any way as we manage the properties)

I have been doing this job since Feb and I can't find a single landlord that is interested, so I though I would post a message on here. I don't want anyone to think this is me advertising my charity, I will not mention the charities name or give any details that gives away who we are, I just want thoughts and comments from real life landlords so I can improve what I am doing and I can get some homeless people housed.

My questions are as landlords would you get involved in a scheme like this? Is it absurd to even consider than landlords would want to get involved in a project like this!? Is the main problem the tenants or the low rent?

Thank you in advance!

Hi,

It is harsh to generalise on tenant profile, notwithstanding, some landlords may be concerned on the general upkeep of the property during the tenancy. Bearing in mind rents being offered to landlords are below market value, there may be a belief (rightly or wrongly)  that margins may be further dwindled by repairs and renewal costs in bringing properties back to acceptable or statutory condition for new tenancies.

So the lack of interest may well be a combination of the two factors, tenants and low rents being offered, making it a less attractive commercial proposition.