Renters Rights’ Act Criticisms: The Renters’ Rights Act was supposed to give tenants greater protection. However, I believe it’s having the opposite effect!
In a recent video, I explain why the Renters’ Rights Act hurts tenants! If you thought the new law would hurt landlords, and help tenants, make sure to watch this one until the very end!
If you want to learn about the opportunities this new law creates for property investors, don’t miss this one!
You can watch the video on YouTube, or at the top of this blog post. If you do watch it on YouTube, drop me a comment letting me know how the Renters’ Rights Act has impacted you, either as a landlord or a tenant!
In this article, I will give you 3 ways the Renters’ Rights Act hurts tenants! By the end of this blog post, you will understand why this law is a bad thing for renters!
I want to get these Renters’ Rights Act criticisms out to as many people as possible, so that they learn the truth. Many tenants were tricked by the government into thinking this law would help them, and it is important they find out the government isn’t on their side!
Please help me get the truth about the Renters’ Rights Act out to as many people as possible! Please share this blog post on your social media pages. Let’s get a discussion going about this law, so that everyone knows what is really happening!
1. Renters’ Rights Act Criticisms: Rising Rents!
With new restrictions, and the possibility of rent caps in the future, landlords are pre-emptively raising rents now! If evictions are going to be more costly, and having a tenant is more risky, landlords have to raise prices!
If landlords might be prevented from raising prices in the future, they need to raise prices now! This hurts tenants, rather than landlords!
The rich make the rules. No matter what the politicians tell you, government regulations won’t really be targeted at the richest people.
2. Renters’ Rights Act Criticisms: Accidental Tenant Blacklist!
Now that ‘no fault’ evictions are no longer an option, landlords have to give the reason they are evicting a tenant. While in the past a tenant who wasn’t paying their rent might be evicted using the ‘no fault’ process, now they will have the real reason recorded!
This effectively creates a blacklist of bad tenants! Very few landlords will provide housing to someone who has been evicted for not paying their rent. The tenant will find it very hard to find private rented accommodation ever again!
3. Renters’ Rights Act Criticisms: Fewer Properties To Rent!
Because of these new rules, some landlords are choosing not to rent to tenants. Some are selling up, or moving to other models, such as serviced accommodation.
This means fewer options for tenants! When supply is lowered: prices increase; quality goes down; and fewer people are housed. This is bad for everyone! If you are looking for a rented home at the moment, and can’t find one, blame the Renters’ Rights Act!
Renters’ Rights Act Criticisms: How To Profit!
Despite these Renters’ Rights Act criticisms, you can profit from the new law as a property investor! Want to learn how? Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
