Risks revealed to novice landlords

Paul Shamplina, Founder of Landlord Action, is due to appear in three separate stories in this week’s episode (Wednesday 11th May, Ep10) of ‘Nightmare Tenants Slum Landlords’ on Channel Five.

The landlords in all three cases have little or no experience of the buy-to-let industry and this week the show shines the spotlight on just how severe the consequences can be.

Novice landlord, Dhiren Makhecha, bought a flat in South London at auction as a ‘pension pot’ investment. Since there was already a tenant in situ, he thought it would be the perfect option and a simple transition.   Unfortunately the tenant stopped paying rent, and although initially sympathetic to her situation, after 10 months with no payment at all, Dhiren was out of pocket and desperate for help.

In Kent, a retired builder bought a house for himself and his children following a split from his wife, but it never really felt like home, so he decided to rent it out.  However, after a health scare with his heart, the landlord wanted to sell the property and move on with his life. The only problem is that his tenants do not want to move and have also stopped paying the rent.

The final story sees a landlord, who inherited a property and subsequently rented it out, in battle with her tenants who are trying to sue her for tens of thousands of pounds.  With £6000 of arrears, the tenants appeared to have absconded.  Despite several attempts, the landlord was unable to make contact and proceeded to change the locks.  Weeks later, the tenants return and want to sue the landlord for unfair eviction.

With the cost of each of the cases mounting, Landlord Action is brought in to help all three landlords regain possession of their properties.

‘Nightmare Tenants Slum Landlords’ will air at the new later time of 10pm on Wednesday 11th May on Channel 5.

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Risks revealed to novice landlords
BDC July 2022 issue - 294

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