Showing posts with label rental buy to let newbuild tenant landlord. Show all posts
Showing posts with label rental buy to let newbuild tenant landlord. Show all posts

Tuesday, 14 October 2008

Lying Letting Agents and the Lies these Liars Tell

Letting agents wouldn’t know Truth if it punched them in the face shouting: “I am the truth!” wearing a T-shirt emblazoned with the word “Truth” in sequins, whilst holding an official truth certificate, written in blood. That much at least is true.

Shameless mendacity informs their new hobby: ramping up prices. The market is so febrile and confused that bizarrely, for any given flat, there are three possible rents and guess what: agents reach for the stars.

First is the sky-high, crazy-mad, stupid and deluded oh-be-serious rent, the amount that avaricious, neophyte, naïve buy-to-let speculators were promised on those now discredited ‘How to Be a Millionaire Property Magnate’ courses. For a standard one bed flat, this is up to £100-£150pcm above the norm, and matches luxury privately rented flats, which are larger, and properly fitted out. I retain a small amount of sympathy for floundering landlords which evaporates whenever I discover that yet again, they or their representatives are still trying to exploit and over-charge tenants, even in this desperately saturated market.

Next up is the middle amount, requested by landlords who bought at the height of the ‘boom’ to cover their escalating mortgage which (including the agents cut) is still a silly £75-£50pcm over acceptable levels.

There is a fair and realistic price. It’s used by owners who bought at auction, or those who understand that they can either endure bankruptcy, or stump up their own cash to subsidise the mortgage when interest rates rise.

Astonishingly, if you check online, you can find all three prices applying to the very same flat. I’ve seen similar prices asked for: one beds, two beds, penthouses, houses, upmarket, downmarket, inner city and suburbs. It’s madness and demonstrates that the rental market has entered the realm of fantasy. Allow duplicitous, cynical letting-agents free-rein in this disastrous downturn, and the results are confusing if not actually strange.

Online prices are usually more grounded, but sometimes vanish once inside the office/lair. Having ascertained that I’m not a student, they assume I can afford the higher prices. At one letting agent I walked by and laughed. They’ve advertised the same exorbitantly priced ‘apartment’ for months now, causing a gaping void in income for the owner. You might imagine they’d attract passing custom by displaying the cheaper prices, when instead they keep the dearest flats posted up brazenly outside: a last gasp attempt, perhaps, at quelling the impetus to drop prices and reduce their own percentage.

Wise landlords who gained a foothold before property prices got totally stupid (five years ago?) have stayed on planet earth, and make money by accruing equity, and not by inflating rents. Unfortunately, urban newbuild values are widely predicted to fall by fifty per cent. One year ago, sale prices in Dovecot Towers had already dropped by a third, and are even lower now (I’ve checked.) Sensible owners avoid rip-off rents by topping up the shortfall thereby escaping insolvency, and letting agents should advise them to do so. Even the moustache-twirlingly ruthless agency responsible for letting most of Dovecot Towers accepted this some time ago.

If you think I’m unfairly maligning those kindly, righteous and angelic, agents, then here’s my worst encounter so far. I answered an ad for a privately rented flat, and was told that others were viewing.

Reader, I fell for it. I hurried over to the address in a taxi (and I’m broke). To my disgust and amazement, the address supplied wasn’t a flat, but an agency office (they “…thought it would be good to meet me.”) The agent was what we poets call “a right wanker,” having lied about the flat’s location, and its price. Elsewhere, agents lie about everything from A to Z reaching all possibilities in between, and I really wish they’d stop.

(NB: One online ad appeared to tick all my boxes, so I phoned the landlord for more information (you’re way ahead of me aren’t you?) The flat was in Dovecot Towers.)

Tuesday, 30 September 2008

Flowers In A Dovecot

Perhaps I’m a little slow on the uptake, but the other day after yet another raucous party, I finally realised that yes, the flat below me is let out as a ‘hotel apartment.’ I checked online. Honestly, judging by the ad you’d think Dovecot Towers was a 5 star beach resort.

With no one taking responsibility for the ‘guest’s’ behaviour (most notably, the noise) I called the management company and explained my plight. Astonishingly, they sorted it out. The flat was still recorded as being owner-occupied and our management was mendaciously informed by the sneaky but stupid owner that his rowdy mates had caused the furore (what: different mates? Every weekend?) He was threatened with eviction, since hotel-letting contravenes the lease. I subsequently discovered that two other flats on my corridor are let this way, which means that, by my reckoning, around twenty out of one-hundred and forty flats are rented by the day, and at some profit.

Why does this matter, you ask, since I’m moving out?

Because I was organising a collection to send flowers to the service of the man who died recently. What a completely pointless and dispiriting exercise that was, as nobody answered the door, even if they actually live here.

‘Sarah’ texted to say that a flower laying ceremony was planned on the street where her boyfriend had died, if she could face going back. I wanted to contribute something. I didn’t know them, but have been incredibly moved by their tragedy (I won’t say upset, since that would imply that my feelings belong on the same page as hers.) The friends who had been with her, trying to resuscitate him had already left flowers which were stolen shortly afterwards.

I spoke with my neighbour who had heard him scream as he fell (mercifully, I didn’t.) Like all of us she had dialled 999, but perhaps wisely and unlike myself had shut the doors so as not to hear those terrible events. I told my neighbour about the flower laying. She didn’t turn up or leave anything, and she’s the nicest person I’ve met in here. I already knew that there is absolutely no sense of community in Dovecot Towers, but the cold hard reality hit home when I realised that nobody else had left a card, even if they seemed to be concerned.

I hate those shrines that appear when there’s been an accident and people who never even knew the victim leave maudlin notes, cuddly toys and garage flowers, appropriating random tragedy, wearing other people’s darkness like a badge, but this was entirely different. Despite only meeting ‘Davey’ once, I wanted to show ‘Sarah’ that somebody here cares.

I waited on the street. First to arrive were their former house-mates, one of whom had tried to give him the kiss of life that awful night, and who was clearly traumatised by the horror and devastated by grief. They love ‘Davey’ and they miss him; this will always cast a long shadow on their lives. I think they were wearing the formal black clothes bought for graduation day just a few months ago. One of ‘Davey’s’ friends left a mango (he loved mangoes.)

‘Sarah’ arrived. I asked permission to leave my flowers and generously, she consented. ‘Sarah’ was fragile, weak and exhausted from weeping. She wobbled like a faun, and needed constant support; it was terrible to be back on that street again. Her expression haunts me: gather all the sadness in the world, mix in confusion, shock and overwhelming fear, and you’re only half-way there. She saw things that night nobody should ever have to see.

Obviously, ‘Sarah’ was not keen to linger. When I hugged her, she was thin; she can’t bring herself to eat. She’s blaming herself. She believes (wrongly I know) that she could have stopped him and I am so worried for her. I reminded her how strong she’d been, how hard she’d fought to save him, and that she had told ‘Davey’ many times how much she loved him that night (I understand that hearing is the final sense to fade.) As she left that awful street forever, she whispered, desperately: ‘…it was horrible.’

I couldn’t sleep that night. Every sound convinced me that someone was stealing the flowers, but in the morning, they were all there, along with the mango. They’re still there even now.

(NB: The letting-agents are refusing to be compassionate and won’t end the lease immediately or return ‘Sarah’s’ deposit until the flat is re-let, even though she only lived there a week, having paid a month upfront. They actually expected prospective tenants to view while ‘Sarah’ and ‘Davey’s’ possessions were still in the flat. Just when you think agents couldn’t be any more callous, they surpass themselves.)

Tuesday, 23 September 2008

Mad Max in Magnolia

Regular readers must think that Dovecot Towers looks like a scene from Mad Max, with smoking ruins dotted amongst the feint traces of some lost civilisation, all swarming with ragged feral children and their ragged feral parents. You’d be wrong. As long as you visit just after the cleaners have done their work, initially, it doesn’t seem too bad. Instead of ruins, visitors are greeted by a magnolia dystopia.

I have a theory which could explain the end result of this aesthetic desert. In central Manchester, there’s a road where drivers regularly turn left despite a ‘No Entry’ sign. Traffic management practice accepts that if people consistently repeat the same mistake, the problem lies not with the wrong-turner, but with the signals themselves. On some instinctive level the signs are confusing and lead road-users astray.

This hypothesis would explain many problems arising in the soulless urban developments covering the land. Cars roar as they jam the main road and any bare, half-arsed greenery is wilting. Once inside, there are no pictures, no colour, and nothing pleasant. The vast walls are chalky, with not so much as a solitary dribble of colour to alleviate the blankness. No bins either, since they are routinely stolen, but then residents feel entitled to help themselves, as they are relieved of service charges for very little service.

Once inside these flats, we are mostly forbidden from decorating the dispiriting white walls, or adding pleasing, homely touches to what is after all, our home. We can’t even hammer a nail in the wall to put up a picture, and - as I’ve written elsewhere - some landlords are known to inflict their own taste in art on their tenants. Rental agreements ban the fittings necessary for putting up welcoming, warming curtains (there are usually white vertical blinds, like a tax office.) We can’t add our own unique flourish. There’s no scope for individuality. We exist in an empty shell, a vacuum.

The positive effect of pleasant surroundings is well documented. Re-humanising the surroundings worked for the DWP, who stopped blocking off what are now ‘clients’ with screens, and added adornments like calming art, music, colour and plants. Attacks on staff decreased.

I appreciate that cost and safety are an issue, and don’t anticipate extravagant flourishes like tropical fish tanks, or cascading water-features alongside expensive sculptures. But is some colour on the walls other than sensory-deprivation-white too much to ask for? A few plants would be nice, even a mural. It seems so very bleak in here, and if you want to keep tenants happy and secure (so we will stay and pay your mortgage) then let us make the flat, and the building itself, feel like home.

Persistent desolation and an appalling lack of control over our environment sends a strong, if subliminal signal, just like those inadvertently misleading traffic signs. The message is clear: abandon hope all ye who enter Dovecot Towers. You are landless peasant scum. You count for nothing. This is not your home. You are vermin, infesting your landlord’s pension fund. When zoos are planned with more consideration than newbuilds, is it any wonder that tenants, so disrespected, are reluctant to stay?

(NB: The girl whose boyfriend died is absolutely devastated and utterly heart-broken, which goes without saying. I have heard from her, and she is determined to get past this appalling nightmare which - considering that her very world has come to a grinding halt - is both courageous and amazing. People stress that they were very much in love. He was twenty-three.)

Tuesday, 9 September 2008

Too Late For Me

I was having some kind of episode. In quite a tizzy, I was collecting boxes and packing. Something had shifted. Any spare possessions, like more than two plates or cups, unseasonal clothing, superfluous kitchen utensils, books, etc. has been stacked in boxes and ready to go for months now.

Yesterday, I crossed the foyer where, alongside two sorely vexed community police officers, two besuited men were assessing the building. I introduced myself to the crime prevention officer and a representative of the management company from hell, i.e. the people who rule the kingdom of Dovecot Towers.

They wondered if I might have something to contribute; any suggestions, perhaps?

I recounted the numerous problems I’ve documented here (the local police were already appraised since they mop-up the consequences.) As I spoke, the crime prevention officer was astonished, to put it mildly, most notably by the ‘secret’ entry code being posted up next to a broken main door story (and my, how we laughed about the car park CCTV being stolen.) Disturbingly, when I asked for information about the incident which seems to have been a murder (tenants are still unsure) they wondered which one I meant, since there are several to choose from.

They were taken aback by my rising fury. The management fall-guy tacitly admitted that this place has been mismanaged. He’d only just taken over, and on inspecting the grand designs of Dovecot Towers was more than shocked. Even so, he still tried to blame the inmates/tenants, who keep on breaking the door. I said that a door shouldn’t break so easily. He claimed that dealing with tenants directly was forbidden; he was obliged to inform owners of changes etc. I said: many landlords live abroad, so why not update tenants simultaneously via a note under the door? The police agreed. They must be consulted when buildings are planned, but there is no legal requirement for their suggestions to be enforced.

I asked about the prevalence of communal post-rooms. Apparently, they save someone having to walk along the corridors. I said: why not conserve even more postal shoe leather by deploying them at the end of suburban streets. I think they got my point. Plans for updating the scary shut-off post-room of doom are ingenious. Really. Many great minds have toiled to invent a brilliant, innovative solution. No new post-boxes, no lock on the door, not even letterboxes on the flat’s own front door. Their cure is marvellous.

They’re only going to take the bloody door off.

The manager knows about the many empty flats and has witnessed the consequences: rents are plummeting, while landlords and tenants alike are rebelling. I said that inexperienced landlords, and the management, failed to grasp that Dovecot Towers sits between scally-central and the city centre. Mr. Management agreed, suggesting, perhaps correctly, that owners do not appreciate the responsibility of owning and maintaining property. He seemed suitably and convincingly chastened. Somewhat shame-faced, he promised a new regime: CCTV, a new (secure) main-door, bells, whistles and champagne on tap.

All these high-fallutin’ improvements are much too late for me. My landlord is going bankrupt, and so I must leave. Somehow, he’s accumulated twelve buy-to-let mortgages, you see, and nine are in negative equity.
Good job I packed, really.

Tuesday, 2 September 2008

A Little Luck

I’m leaving Dovecot Towers, but am keen to avoid letting agencies, as are many landlords. The best flats are often found through word of mouth.

A little luck is what I need. In the past, informal contacts have led to my happiest rental experiences, namely the flat I pine for: my little nest in Glasgow, which was perfect. I found it when someone knew someone, who knew someone with an empty flat. This usually arises when people move in together and they’re unsure about committing, so one partner lets their flat. It’s also common when relationships break down, and the couple sit out negative equity by renting the conjugal residence. I’m not hoping any of my friends split up, but if a couple with a really nice flat decide on an amicable separation, then here I am. Choose me!

I bumped into S, who has split up with her partner, and even as a homeowner finds herself letting the home she can’t sell in this economic climate, and is consequently renting a flat from a friend in a similar situation. Word of mouth again; it leads to some welcome informality, and no ties, but usually in a good way.

Renting from acquaintances and friends has pros and cons: it’s usually slighter cheaper (no commission) and also much easier; there’s just more give and take. It’s seems less complicated; there’s altogether less pressure on everyone: you don’t mind a little slowness with non urgent repairs, and are more willing to help out, even chipping in or sorting minor snags out yourself.

The cons are insurmountable; it’s hard to be assertive when the owner is your mate, or best buddies with a mutual friend. A in Glasgow was a sweetheart, but had the hoarding habits of a magpie or a more hygienic Mr Trebus, and insisted on storing his finds, like string, bits of various contraptions, spare parts and ‘stuff’ in my flat, which deprived me of the cupboard (and regular readers know how I feel about cupboards; I covet them as much as other women value jewellery.) But it was lovely apart from that one niggle.

There is sometimes a lack of will to formalise arrangements, but tenants, and indeed landlords really do benefit from a legal written agreement, as both have a rare tendency to turn bad. If you are made to feel awkward about needing a proper agreement, or receipts for rent paid, then it’s maybe not a good idea, unless you are house-sitting. It’s harder for the landlord to let go of the property, as they sometimes cling to the comforting notion that they can move back in, if need be.

It’s obvious really. I’m playing for time because I dread flat-hunting and moving, with the accompanying hassles of viewings, credit checks, references, deposits, guarantors and removal companies.
I need a fairy godmother, with a magic pumpkin to turn into my dream flat. Nothing fancy: just a utility room, cupboards and friendly, well-behaved neighbours.
I closed my eyes, clicked my heels and made a wish.
It didn’t work. I’m still here.

Tuesday, 26 August 2008

I Know A Jolly Policeman...

I was busy typing in my flat when a yellow card was shoved under the door by the police. It was a ‘Burglary Alert.’ Between the hours of 8am and 3pm, ‘…a property had been burgled.’ Had I seen or heard anything suspicious? Did I have any information which could assist them to catch those responsible or information about other crimes in the area?

Worryingly, I hadn’t heard a thing. Later that evening, I called police to report the following: (here we go again…) the front door is always broken, there’s no security, the management company don’t give a flying one etc, etc. Furthermore (now take a while to enjoy this; it’s brilliant) every single window in the building is fitted with the same lock.

The policeman I spoke to was forthright, paternal and concerned. He took some time leafing through the enormous Dovecot Towers log to find the particular crime in question, and the Dovecot file is very thick indeed, containing ‘…a disproportionately high amount of incidents.’ I told him what I have witnessed: stolen post, intruders etc. He said that when such unreported incidents are included in their statistics, it’s even worse than they imagined. Why hadn’t I gone to the police? I said: we’ve no CCTV (well, what we had was stolen) and I’ve no idea when my post was taken. He said: why not move?

Mostly, he wondered what the management company do about all this, adding that if it was his beat, he would have ‘harsh words’ with them. To his open astonishment, I said that they won’t deal with tenants.

I pointed out that the ‘secure entry code’ on the main door has been the same since February. Despite there being ‘hotel’ guests and countless visitors passing through, the management company (now, this is even better) had informed us about the new code on a window poster next to the broken main door. Bravo!

The kindly policeman told me that three flats were burgled efficiently in quick succession, the locks busted with a cordless drill after gaining easy access through the broken main door. He carefully, but unconvincingly implied that the robberies were not close by, and his final wise advice was to put a huge new fangled padlock on my front door until I moved.

The investigating officer called a week later. She was also horrified: I told her about the door, and the window locks. She had noticed that crime was rife, and security was poor, but I knew that. Nobody else had responded to her card.

Now in abject despair, I emailed my landlord, who contacted the management company, detailing my (and now his) fear. The managers emailed their solution to the security problem.
Was it a new door, or lock?
No.
Security guards or extensive CCTV?
No.
Were they sorry?
No.

They were ‘aware of the situation,’ and had instructed contractors to mend the door whenever it was broken (not – you will note – replace it) which might just be the stupidest thing I have ever heard. Oh – and they promised to contact individual tenants and owners, advising them to replace the locks.

I told some neighbours, who either didn’t believe me, can’t be arsed or think I am a keening prophet of doom (and a bit crazy.) Other residents I spoke to were oblivious to the burglaries, and had not been notified about the urgent necessity of fitting stronger door locks by landlords or the management company. So much for promises and ‘awareness.’

One man I spoke to had only recently moved in. He was astounded by the sense of alienation here; nobody speaking, neighbours shuffling back inside to avoid each other. He’d never seen his neighbours, and I was definitely the first resident to chat. I advised him to have all mail redirected, but he already encountered the Dovecot Mail. Like many here, his post-box was crow-barred open before he moved in, and never mended.

Just a few months or so previously, I wrote here that newbuilds are desolate and neglected and how this will lead to crime, even deaths. I wish I was wrong, but I’m afraid my worst fears are being confirmed. Time to leave? That goes without saying.
(NB As I write this, the main door has been broken for two days.)

Tuesday, 19 August 2008

Or Should I Go?

The word choice involves selection; making a decision between alternative options. When I leave (and it is when) I will live in a similar place, with similar problems. Perhaps it would be easier to get the hell out of here, head off for pastures new. But where? I like the city; the problem isn’t urban life, but the state of these developments.

I want to find somewhere better, and flats are all the same. For all its many faults, Dovecot Towers is pretty standard in what is the ‘affordable’ end of the market. But uniformity is stifling. Just who decreed that all urban newbuilds must be identical? Thankfully, I avoided the teeny, tiny examples that were being built four or five years ago. My requirements are realistic, and I’m no diva demanding Jacuzzis, verdant terraces or miles and miles and miles of space in my lounge. To be honest, I wouldn’t need a house; I’m happy with a flat.

Modest to a tee, I’d really like a slightly larger balcony, so I can stand outside without dodging the door. What I’d really like though is a lounge: just a small amount of separate space so I can sit without being serenaded by washing machines, both mine and those of my neighbours, but all flats have office/kitchen/dining/sitting/laundry rooms, with nowhere to pull out a mattress when friends stay. I don’t like the idea of being greedy and rattling around in a three bed house. I’ve been checking rents, and they are falling to a level where an extra room is a growing possibility.

Regular readers know that all I really want is cupboard. It has become an obsession. I am not naturally tidy, and so have discarded superfluous possessions, with Oxfam the beneficiary. And I’d like a utility room. As for my imaginary, ideal new neighbourhood, I’d like a bar, or a café, to escape to. I’d like to look across at something other than a perpetual vista of newbuild fading into newbuild.

If I go, I’ll be shuffling from one flat to the next one, hauling my diminishing possession from one side of town to the other. I feel exhausted and daunted, and I’m checking out ‘better’ flats, in neighbourhoods not routinely prone to crime. I spoke to the man at my bank (I was reporting that my replacement debit card was stolen from post box) and he said that theft was uncommon in his block, which is 50% owner occupied.

Wisdom says that I should bide my time holding out for rental prices to drop even further (and yes, doubters, they are dropping). More flats have been completed, and the available pool of tenants has reached maximum saturation.

For what I pay here I might afford a ‘luxury’ flat. It’s just that in the Alice In Wonderland World of Newbuilds, luxury for us (a bit of space, a cupboard or two, and a utility room) is what passes for average elsewhere. My dreams are not extraordinary, wide-eyed crazy fantasies. My wishes are mundane: I want a safe and comfortable place to call home.