So our landlord is one of those AFK types. Doing the absolute bare minimum, letting precious housing stock slowly rot. Like we have to really go on a campaign to get stuff sorted. And not just minor stuff, we’ve had air con not working in a heat wave type nonsense.
So we made him an offer, slightly above market, to buy him out.
“I’m settling another property at the moment, let me get back to you in a few weeks…”
@milesmcbain He also now knows you have money :( That's a shame.
@milesmcbain I wonder if you could have offered through a third party? Probably would see through it now though.
@jroper @milesmcbain yeah that probably would have been smart!
@jroper @milesmcbain we had that same concern when looking to buy through the same agent that managed the rental, would they tip our landlord off that we can 'afford' a rent hike. Definitely a power imbalance, both with the agent and landlord.
@jroper @milesmcbain from the perspective of maximising his profit I can’t fault the decision. Tenant will either increase offer to ‘silly money’ or soon leave, and since we tipped we have capacity to buy he knows leaving soon is almost certain anyway.
The broken bit is that we subsidise his little ‘game of houses’ and let him degrade housing stock in the process.