On tonight’s episode of Nightmare Tenants Slum Landlords, the difficulties of accidental landlords are highlighted through the troubles of three investors who have called in the help of Landlord Action’s Paul Shamplina.
Shamplina, the founder of the tenant eviction firm, explains just how severe the consequences of having little or no buy-to-let experience can be.
The first case involves novice landlord Dhiren Makhecha, who bought a flat in south London as a pension pot investment. Since there was already a tenant in the property, he thought the transition would be simple. However, the tenant stopped paying rent. Makhecha was initially sympathetic to the tenant’s circumstances, but after ten months was left out of pocket and desperate for help.
We have tips on what you should do when your tenants first fall into rent arrears: https://www.justlandlords.co.uk/news/3-things-tenant-falls-rent-arrears/
In Kent, a retired builder bought a house for himself and his children after splitting up with his wife. As the property never felt like home to him, he decided to rent it out. However, following a health scare, he wanted to sell the house and move on. The problem is that his tenants do not want to move out and have now stopped paying the rent.
The final story involves a landlord who inherited a property and subsequently rented it out. She is currently facing a battle with her tenants, who are trying to sue her for tens of thousands of pounds. With £6,000 worth of rent arrears, the tenants appeared to have absconded. Despite several attempts, the landlord could not make contact with the tenants and proceeded to change the locks. Weeks later, the tenants returned and tried to sue the landlord for unfair eviction.
Shamplina and his team at Landlord Action were brought in to help all three landlords regain possession of their rental properties.
To ensure that you still receive rental income if your tenants fall into rent arrears, protect yourself with Rent Guarantee Insurance. Our policy will also cover your legal expenses if you are forced to take your tenants to court.
Catch Nightmare Tenants Slum Landlords on Channel 5 tonight at 10pm.