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Dominic Tighe

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my expertise in the industry

Dominic's Recent Activity

Agree with everything said by all above and yet still no-one writing these reports talks to us to ask us why we are doing what we are doing!

From: Dominic Tighe 17 January 2022 09:38 AM

The Buikd to rent blocks in Central Manchester are excellent and high quality. They offer great accommodation to the young more transient professional. Build to rent don’t do family homes though…. Yet! I left the central market a couple of years ago in favour of the suburbs and I’m very glad I did. The yields are better and the capital growth outstrips the centre by miles!

From: Dominic Tighe 10 January 2022 10:15 AM

Bad policy is always followed by more bad policy to try and correct the consequences. We pray that one day the penny will drop that if Government engage with us we can be part of the solution not just scapegoats… but we aren’t holding our breath. No most of us who have been in the game long enough are already thinking about our next move!

From: Dominic Tighe 10 January 2022 10:00 AM

A very well written article which comes as no surprise whatsoever to the cohort of Landlords reading it.

From: Dominic Tighe 08 January 2022 11:26 AM

Changing the name is just painting over the problem and will only be short lived. The real issue is very poor PR on our part. Our associations are badly letting us down with getting our message out there. Until we come out fighting and start exposing where the real blame for the housing crisis lies and highlighting the great work the mass majority of landlords do we will have to keep finding new places to hide!

From: Dominic Tighe 06 January 2022 11:17 AM

The great irony once again! The article two above talks about attempts to encourage landlords to help resolve the homeless crisis. This is a daily event!

From: Dominic Tighe 23 December 2021 09:22 AM

12000 people on the housing waiting list and they want to implement rent controls? to improve the situation how exactly? Is there not even just one brain cell functioning correctly in these peoples heads???

From: Dominic Tighe 16 November 2021 13:03 PM

Does anyone understand Savills definitions of the London Market. They have Prime, Outer Prine, inner commute, outer commute and suburbs plus maybe others? . Does anyone have a map showing what these are? All the above are suggesting double digit growth so what’s left must be going backwards to get an average 5.6% but where are those areas?

From: Dominic Tighe 10 November 2021 12:32 PM

They are coming too. And it’s a good thing. By raising our game we will survive and perhaps get a bit less criticism!! Market dynamics will always win over any Government initiatives.

From: Dominic Tighe 03 November 2021 09:14 AM

I sold my two Penthouses in M1 central Manchester just before the Pandemic to buy more family homes in the suburbs. Whilst they were beautiful apartments and gained great rents for many years I could see the writing on the wall and I’ve been proven right. There are thousands coming on to the market at the moment. The real story here though is that Governments should stop fiddling with tax rates and licensing and facilitate improvement in the market through legislation and then stand back and let market dynamics do the rest. I’ve always said I’ll happily be made redundant as a result of the market moving past me, it’s up to me to protect my business model by staying competitive.

From: Dominic Tighe 03 November 2021 09:11 AM

Jim / Michael I understand where you are coming from. My opening statement was that a “well run” scheme is where we should start. I do have a couple of properties that qualify and sadly of course I might as well give my money to Shelter for all the good it will do us. But I stand by my points. We need to find a way of getting rid of those landlords giving us all such a bad name. And last year removal of tax relief cost me circa 1.5 to 2k net in my pocket per property so I would gladly pay a lot more than £120 a year on a licensing scheme instead particularly if it actually worked and I stopped worrying I might get stoned walking down the street if it got out I was a landlord.

From: Dominic Tighe 17 September 2021 19:04 PM

I actually have mixed feelings over this. A well run licensing scheme helping to eliminate poor landlords is where we should have started in my opinion together with some kind of measuring process on standards and excellence to recognise good landlords as well. The bad landlords are the fuel for political parties and the press to keep blaming us for the housing crisis. Anyone who thinks there aren’t a good level of unprofessional con artists in our community is delusional. We should do everything we can to chase these people out of the sector. What I object to is the continual layering up of initiatives. £120 a year is nothing compared to the extra stamp duty we pay and the affect of the removal of interest relief. I’d support a proper national program and pay more if I was respected as a proper business that’s regulated professionally and taxed appropriately like any other business not singled out for punishment as a diversionary tactic away from chronic housing policy failures over decades.

From: Dominic Tighe 15 September 2021 11:04 AM

Wow. I see pre-judgement and bigotry is alive and well on here!!

From: Dominic Tighe 01 September 2021 12:24 PM

I’ll be interested in this Webinar. I have a property that’s just become available. These people need our help.

From: Dominic Tighe 01 September 2021 11:37 AM

The main one for me is the removal of interest relief. I don’t mind managing all the other aspects but if my reward at the end is zero I’m not interested.

From: Dominic Tighe 31 August 2021 10:39 AM

From the article they appear to be focussing more on penalties than incentives. What a surprise. I have Air B&B’s and I’ve said it before, give me back my mortgage interest relief and I’ll turn than back to BTL’s … simples!!

From: Dominic Tighe 31 August 2021 10:08 AM

On a more serious note… give me back my mortgage interest relief and I’ll happily convert my Air B&B”s back to BTL. In ain’t rocket science. Take it away from my Air B&B’s and I’ll convert them all to Ltd Company. Whilst expensive there will at least be no capital gains to pay as I can prove it’s a legitimate business transfer to incorpoaration.

From: Dominic Tighe 25 August 2021 11:04 AM

Thanks for the Data Generation Rent. Sounds like we should all be buying in those areas double quick!! What with booming economies due to more tourists and fewer homes to rent I could actually finally make a few quid back on BTL there!! I best call my mortgage Broker!!

From: Dominic Tighe 25 August 2021 11:00 AM

Very likely Andrew. Steel is another example. £500 a ton in January £1500 a ton today and suppliers will only hold a quote for 48 hours. A school in Oswestry near me put a 1.2m project out to tender and all 5 invited to quote have withdrawn!

From: Dominic Tighe 11 August 2021 10:37 AM

Good luck to them getting them built!! The materials shortage and massive price inflation will put paid to that plan. Or they will have to increase prices well beyond the market expectations and that will be good news for us!

From: Dominic Tighe 10 August 2021 11:24 AM

The trouble with bad legislation is it needs more bad legislation to correct its implications. I have converted 6 of my rentals so far to short lets and I’m doing well out of them. But I’m only doing them because of the ridiculous removal of tax relief. If they backtracked on that I would gladly put them back in to the rental market like a shot as whilst they would still make more money as short Lettings than my BTL’s used to before the removal of tax relief they are a lot more work. And if they remove the tax relief on holiday lets too I will just adjust my model again. For some reason the government seems to think us Landlords are all stupid but in reality we are a very innovative and entrepreneurial group of investors and we will just reinvent again! Make me redundant by all means by building more homes!! It really is that simple.

From: Dominic Tighe 10 August 2021 11:18 AM

Stephen it’s clear you view your tenants as customers like most of us do. We are grateful and respectful when we have a good tenant and find ways to keep them forever. Sadly it’s not seen that way in social housing. Even sadder 99.9% of the population think it’s the other way around.

From: Dominic Tighe 12 July 2021 11:14 AM

The big question is whether the NRLA can get this information out to the general public and key influencers and decision makers. Sadly I imagine probably not!

From: Dominic Tighe 12 July 2021 11:10 AM

Very well put. Out of interest where have you got those stats from?

From: Dominic Tighe 11 June 2021 11:00 AM

Give us our tax relief back and I’ll be happy to reduce rents. Simples!

From: Dominic Tighe 08 February 2021 11:58 AM

I have always accepted pets where they are suitable to the property but have asked for slightly more rent to cover the risk. Two years ago I had a tenant with a dog that had puppies. She wouldn’t allow us access for property checks or even to do gas safety etc. In the end after she also got behind on her rent we evicted her. When we got inside the damage caused by the dogs was insane and I was left with a 7k bill!!

From: Dominic Tighe 01 February 2021 09:10 AM

From what I can see so far it’s just not worth it to a landlord to install an air source heat pump. I’ve had a quote of 9k for a three bed house so I’d still have to find 4K. It might be worth encouraging our tenants if they are on benefits in applying as they can get 10k apparently. But frankly the whole thing is so confusing!!

From: Dominic Tighe 27 January 2021 10:06 AM

Air B&B don’t own the properties so it’s pointless asking them. I have some myself and helped out in the last lock down for NHS staff. However I still get some bookings even in Lockdown because there are contractors classed as essential workers etc so it’s Tricky and when the properties are empty at least the utilities are low. Plus there are other issues relating to tax in that you mustn’t accommodate anyone for more than 30 days or you get classed as BTL again with the consequence of higher taxation. Sadly these days you can’t even do something good without getting hammered!

From: Dominic Tighe 05 January 2021 11:41 AM

Agreed as per my points above. Arguing with people who write articles missing the point is in itself pointless! It all just distracts from the real housing policy issues.

From: Dominic Tighe 05 January 2021 11:18 AM

Once again we are all getting drawn in to an argument with someone who doesn’t understand the whole picture and who is missing the point by piling in with the mob to once again blame us! The reason BTL is attractive as an investment is because there is a market opportunity to be filled as a consequence of simple supply and demand dynamics. And that market only exists because of failing housing policy that goes back decades and continues today. I have long said the government is welcome to effectively make me redundant by getting the National housing stock back up. His comments are accurate to an extent but should be treated simply as passing observations and tackled as such So thank you Landlord today for sharing this article but has their been an official response to this guy? I still still see a woeful lack of defence of our industry.

From: Dominic Tighe 04 January 2021 12:14 PM

It’s hard to understand why double glazing is not considered a primary qualification. Thus to get the full 5k you are going to have to buy an expensive air source heat pump leaving very little for anything else! Does anyone have any ideas on this? Or where the Air Source heat pumps can be bought cost effectively?

From: Dominic Tighe 01 October 2020 09:45 AM

Andrew Townshend I think most of us would agree. The point of the thread has been lost. What was been called out was the advocating of illegal evictions and the blanket naming of all tenants who cannot pay their rent as pieces of shit! Comments like that just play into the hands of the likes of Shelter and other campaigning bodies that are creating so much trouble for us all as well as being utterly irresponsible. Now if that makes me a “leftie” I guess I better get a Labour Party membership! We will reap what we sow Andrew.

From: Dominic Tighe 29 July 2020 09:20 AM

@Paul Barrett Thank you for kind words regarding my nativity and idiocy, I shall of course take great heed of your advice as you are so clearly such a seasoned sage of the BTL world and great business guru. Just a couple of observations to make. Firstly I read with great interest that you have had enough and decided to leave the sector. I am sure the whole housing industry will be devastated to hear this news and miss your well balanced commentary. It of course makes me wonder if perhaps encouraging people like you to get out of the game was the governments intention all along? If it was, and I think we all know what kind of person you really are Paul, then strike one to the government I guess. Shame that it took a massive sledge hammer that affects us all to get the odd rotten nut out of the industry but then I guess Machiavelli would have something to say about that. My second point is that over the years I have worked hard to build a solid business through good working practices and developing professional and mutual respect with my tenants. During that time I have still had my fair share of people who have not paid rents for various reasons and even had the odd property trashed at great expense to myself. And yet throughout that time, even with everything the government has thrown at us, through careful business management and adaptation I have made a very respectable living. Reading your advice it seems even stranger that I continue to make a good profit now. Even through this current crisis, through engagement with my tenants we have been able to find a way through and I continue to make a fair and reasonable living. And if tomorrow a few of my tenants suddenly found it impossible to pay the rent and one decided to take the whole thing out on one of my properties my business model would still survive and I would still be able to put some food on the table. And yet you Paul Barrett, this great sage and commentator of the BTL world, this self confessed Warren Buffet of the housing sector could not survive even one defaulter? To quote you from above “Just one wrongun tenant could bankrupt me” It leaves me questioning your advise and wondering who the Naive Idiot really is …

From: Dominic Tighe 28 July 2020 15:38 PM

Thanks Mark. Im glad we are on the same page.

From: Dominic Tighe 28 July 2020 14:19 PM

@Mark Wilson. I apologise if the my comments appeared in the thread as if they were aimed at you as they most absolutely were not. They were aimed at David Crisp. I think you and I hold the same views and if you read my comments further down I hope you will agree. Sadly reading the comments that then followed leaves me with my head in my hands! I would also implore more of the responsible balanced landlords on here to speak up. Otherwise this site will end up getting used against us.

From: Dominic Tighe 28 July 2020 14:06 PM

Paul Barnett I’m not a troll. I am an experienced LL with 20 properties and 30 years in the game. I have had my share of bad tenants and I have experienced the same level of frustration doing something about them as many others in our community. I have also been very frustrated with the victimisation of landlords by the the press and the government over a number of years. What we need is a serious positive PR campaign showing the good work the mass majority of decent landlords do and the positive contribution we make to the housing sector. Without this the pressure will continue to mount on us and there will be more and more damaging ill thought through legislation that will make life harder and harder for the LL community in general and our tenants. Thus I would appeal to you and all our community to think very carefully before supporting comments such as made by David Crisp above where he has advocated breaking the law to evict tenants and referred to All defaulters whatever their circumstances as pieces of shit.

From: Dominic Tighe 28 July 2020 12:31 PM

From: Dominic Tighe 28 July 2020 11:54 AM

You are clearly either someone who isn’t a landlord and has created an account to make a comment like that to make the rest of us look bad or you are the sort of Lowlife landlord giving the rest of us a bad name. Either way I hope you get what you deserve in life and also get thrown off this sight as we don’t need people like you!! .

From: Dominic Tighe 28 July 2020 10:50 AM

A great and needed bit of PR for our industry. Well done those involved. I’ve been making some of mine available to Friebds and family on the front line and also allowed one of my tenants living in a tiny attic apartment to use my Empty larger Air B&B’s for a bit of a change of scenery and she’s been able to keep going with online personal training sessions too!

From: Dominic Tighe 07 May 2020 13:09 PM

Hey Daniela we are not. It’s just the bulk of the messages posted appear to be the type that then lead to the government and press to tar us landlords with the same brush. I and Karen clearly have more positive views than many and hopefully you are the same. It’s just we tend to be quieter, the angry ones are more vocal so I thought it was time we spoke up!

From: Dominic Tighe 21 March 2020 12:27 PM

I’m glad I’m not alone in thinking this Karen! Some of the comments just leave me with my head in my hands!

From: Dominic Tighe 20 March 2020 15:48 PM

Oh and also a message to the NLRA this is your opportunity too to find the good news stories out there and get your positive PR engine going showing how we , the mass majority of good responsible and diligent landlords, can be part of the housing solution. Your strategy of doom and gloom, threats and scare mongering has been completely hopeless and a total failure not least because most of the predictions have proved wrong. You’ve been preaching to the wrong people, the government don’t care they just do what the press and public opinion says they should do. The Press and general public sadly hate us and see us as the cause of all our housing woes ... FACT!! So this is your opportunity to support us by sending out some positive messages for a change ... come on NLRA prove your worth!

From: Dominic Tighe 18 March 2020 11:49 AM

This is our opportunity to show we are not the hard nosed heartless selfish b******* the press and everyone else portrays us as. Working with tenants to find a way through this is just good business sense! On the other hand we could decide to play hard ball, lose our tenants, not manage to find new ones, give the press even more ammunition to fire at us and leave the door wide open for the government to keep piling more pain on us. We will reap what we sow everyone, maybe, just maybe this is where we get the chance to get the government to ease the relentless attack on us... Opportunity knocks!!

From: Dominic Tighe 18 March 2020 11:18 AM

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