Landlords have been warned - again!

This Financial Times article spells out some of the current dilemmas facing the Buy-to-Let industry and landlords.

To be honest it doesn't really shine any fresh light on the subjects, and it has a lot of gloating regards foolish landlords and property investors who came too late to the party.

What kind of annoys me about the 'told you so' attitude of the majority of the financial press is that they were the pushers of poor property investments and investment schemes through adverts and advertorial property porn, that have resulted in many new landlords in truly 'Dire Straits' ( see FT article to get the pun).

PropertyHawk unlike the rest of the press has never carried an advert for dodgy offplan investments , or new build apartments, or get rich schemes.

The reason for this, because we knew they would be a bad choice for our landlord users. Landlords can go back to our earliest articles and see that we have been warning landlords of the perils of city centre apartments from the start.

Please don't get me started on BMV property. Here's the line that I carry as regards supposed Below Market Property.

"Why would anyone let you have something for less than its worth?"

Avoid BMV agents at all costs - they are sharks and opportunists. If the deal is as good as they say why would they let it go. Common sense is ' if it sounds to good to be true - then it .......' sorry I'll stop nagging.

Landlords have been warned , again!

Your darling Margo.

PS: Warning no.2 - Don't invest in Dubai. Deserts are for camels. Cutting edge architecture, such as spinning towers of glass tend to grind to a halt and then what? Whose going to pay to fix them? That's one big bubble that's going to pop under excessive maintenance and repair costs. Trust me - I'm a retired sitcom character.