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Michael Johnson Amzac Estates Ltd
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As a corporate landlord in Wales I can confirm that we have reduced our residential portion of the portfolio from 89% in 2018 to 45% in 2024. We are proactive in protecting our investment and interests against aggressive left wing policies to reduce our property rights. As soon as rent control was mentioned we actively increased our rents across the entire residential range. The commercial parts are negotiated tenant by tenant and there is very limited local authority involvement. When I have been in discussions with Welsh Assembly representatives it shocks me to hear how little they understand or are even interested in any form of private enterprise. Not surprised though when the government funds your lifestyle and gold plated pension. Eventually though the left wing Labour and plaid coalition will run out of other people’s money.
From:
Michael Johnson Amzac Estates Ltd
28 March 2024 07:28 AM
Sounds like a cheap way to get rid of a bad apple. Expensive but worth every penny.
From:
Michael Johnson Amzac Estates Ltd
01 March 2024 08:29 AM
Unfortunately the current conservatives aren’t what they claim and I honestly can’t believe anyone would trust Labour who are so left wing I would be surprised if property ownership will exist after they get into power. How this country has declined in the last 25 years is beyond comprehension
From:
Michael Johnson Amzac Estates Ltd
21 December 2023 10:42 AM
What they never offer is to act as guarantor as they know they don’t want to pay the arrears and inevitable repairs. As a corporate landlord we have offered properties to Cardiff council and the Welsh government particularly to assist with their homeless needs and we asked for them to act as guarantors and they refused point blank.
From:
Michael Johnson Amzac Estates Ltd
10 November 2023 09:54 AM
What adversity did the tenant face? My guess is that the money sucking lawyers got 30% as a no win no fee deal. To be fair deposit registration has been in place since 2007 though so can’t say I have any sympathy for the agent but the tenant has not suffered and probably trashed the property which is the very reason they didn’t get their deposit back in the first place
From:
Michael Johnson Amzac Estates Ltd
30 October 2023 08:49 AM
Why remove section 21? Why can’t it be updated to six months notice and tighten up the section 8 notice?
From:
Michael Johnson Amzac Estates Ltd
17 October 2023 07:57 AM
If a forensic audit was carried out on any council regardless of which party is in charge they would find so much evidence of waste it would be disgraceful. Everyone apart from the people who work within councils how wasteful , lazy and useless they are. You can look with your own eyes just at the road network to see wanton waste. If that’s repeated in the other departments then it really is the end of the line for Britain.
From:
Michael Johnson Amzac Estates Ltd
06 September 2023 09:41 AM
The modus operandi of the Welsh ministers is to have a consultation because they have to. The decision has already been made to bring in strict regulations for short term letting so despite getting the message that’s it’s not a good idea they will go ahead anyway. After all they had consultations on the relief road, the airport, the blanket 20mph limit, the health service and education. Every time they did what they were ideologically driven to do despite being told otherwise. It’s why Wales is now a basket case of very odd regulations and more than half the population are on some form of benefits- think about that carefully, over 50% of the people in Wales are on government benefits
From:
Michael Johnson Amzac Estates Ltd
10 July 2023 09:46 AM
I would guess that most influential part of this is the actual question they were asked? 1. Would you like agents and landlords to show how eco friendly their properties are? or 2. If you were desperate to rent , would you pay more rent if the eco friendly credentials of the property were advertised? Two similar questions and two very different responses! This looks like a nudge piece of reporting from a secret government department to me!
From:
Michael Johnson Amzac Estates Ltd
07 July 2023 14:41 PM
Great letter but a total waste of time- the winds of change are upon us, pension funds and large corporations will take over the PRS over the next 10 years ( regardless of which party is in power) . The regulations will be totally different to the smaller landlords and this has been evidenced by fixed term student contracts being used in all BTR accommodation. If you are still hanging on thinking things will improve then unfortunately you are a fool and burying your head in the sand. Get out while you still can even if you don’t make as much as you want
From:
Michael Johnson Amzac Estates Ltd
27 June 2023 10:31 AM
I think we can all agree that the small landlord PRS is now officially dead, to be revived as a sort of larger version of landlords who have more properties and who will run more in line with other businesses- the unintended consequences are yet to be seen but I would guess at higher rents, more tests to pass to become a tenant and much more brutal repercussions to tenants who don’t watch their step. This new PRS will be far more profit driven and eventually will be a much bigger problem for the government to deal with. There will be no more housing in the PRS for the poor/ disabled/ middle aged/ families and who is going to pick this up? Authorities do not yet realise how easy it was to deal with individuals rather than corporations
From:
Michael Johnson Amzac Estates Ltd
13 June 2023 09:21 AM
So many inconsistencies with this report. Rather than focus on the PRS the social housing sector should be overhauled to make it fit for purpose rather than flog the private sector for picking up the government failings over the last 25 years. We are now in a socialist semi totalitarian era where private ownership is frowned upon. Why work hard and invest when the state is going to step in at any cost?
From:
Michael Johnson Amzac Estates Ltd
06 June 2023 09:10 AM
Obviously I guess the brown envelope of cash given to this charlatan has made the impact Michael Gove needed- I suppose everyone has a price to sell out
From:
Michael Johnson Amzac Estates Ltd
18 May 2023 09:35 AM
My initial response to this is that I have yet to see and legal aid or assistance when a landlord gets torn apart by technicalities or by terrible tenants so I guess the entire system is no longer fit for purpose
From:
Michael Johnson Amzac Estates Ltd
14 February 2023 09:14 AM
Not sure why they haven’t done this before? Surely converting a residential property into a commercial enterprise requires planning permission? As a landlord and hotel owner I operate in both sectors and I am amazed how unregulated short term rentals are? It’s an easy ride compared to residential rentals and hotel regulations
From:
Michael Johnson Amzac Estates Ltd
07 February 2023 09:33 AM
Unfortunately this will not tip quite a few landlords over the edge now. More housing problems ahead for tenants and landlords, announcements like this really exacerbate the problem
From:
Michael Johnson Amzac Estates Ltd
28 January 2023 17:56 PM
Or accept that after years of messing about with legislation the rental market is just responding. Why should agents carry out individual viewings when the tenants don’t pay anything towards the fees? After all the customer is now the landlord so the agent is trying to get the best deal for their customer. These organisations that are mostly funded by left wing sympathisers have no understanding of economics. Supply and demand will always continue. The more the authorities mess the worse it becomes
From:
Michael Johnson Amzac Estates Ltd
06 January 2023 10:02 AM
While I understand the emotional response to second home ownership I don’t see how charging double council tax will ‘level up’ . Will any second home or holiday home owners be selling any time soon to local first time buyers? Or to anyone as an actual home? Or will they absorb the cost and increase their charges to their customers?
From:
Michael Johnson Amzac Estates Ltd
23 December 2022 09:41 AM
Poacher turned Gamekeeper
From:
Michael Johnson Amzac Estates Ltd
20 October 2022 08:27 AM
Advice to all residential landlords in Scotland- stop being such a push over, sell your property, find another investment, why on earth would you put up with being on the end of a dysfunctional authoritarian regime We are going the same direction in Wales and quite frankly as a property investor there is no way that we will be bullied into submission by idiots
From:
Michael Johnson Amzac Estates Ltd
10 October 2022 09:20 AM
The solution is very clear- it's up to the person who owns the property if they will give permission for pets.
From:
Michael Johnson Amzac Estates Ltd
05 October 2022 10:55 AM
More sense coming from this guy than the NRLA. Once we look at facts then we realise that ideology drive policy leads to consequences that aren’t considered. Consistent and thoughtfulness should be the driving force with policy making
From:
Michael Johnson Amzac Estates Ltd
14 September 2022 09:33 AM
Should he be calling for a freeze on utilities and fuel instead? Why is he focused on landlords? Easy target I would suspect, another economically illiterate MP
From:
Michael Johnson Amzac Estates Ltd
11 August 2022 10:34 AM
So…..a lender that doesn’t want to lend money ! More virtue signalling from this lender. I am a director of a finance company and as long as the customers can repay, it’s really not for us to tell them how to spend it. What a donut!
From:
Michael Johnson Amzac Estates Ltd
02 August 2022 09:20 AM
As long as the council have to apply the same standards as the private sector landlords it makes sense. Its not a bad idea for them to have an experience of what's its like to be a private sector landlord. I would like to see the Welsh Assembly try this idea out instead of introducing additional levies on short term lets in our holiday spots
From:
Michael Johnson Amzac Estates Ltd
28 July 2022 19:21 PM
Now this sounds like a real criminal landlord
From:
Michael Johnson Amzac Estates Ltd
20 July 2022 08:20 AM
Are those numbers real? Would I trust Eddie Hooker, a government stooge? I think more than 40% of landlords will exit the sector rather than 17% would think about it!
From:
Michael Johnson Amzac Estates Ltd
04 July 2022 08:27 AM
Nice gesture but how is this going to impact the tax advantages of holidays letting to renting? After all this was the government’s idea to over tax landlords and give tax relief to short term lets- I seem to remember that idiot Osbourne stealing the idea from the Green Party, it was to stop landlords buying properties that first time buyers wanted. Well good luck with that idea - working so well isn’t it?
From:
Michael Johnson Amzac Estates Ltd
23 May 2022 09:58 AM
As an ex bed and breakfast owner and a landlord I have some experience in both of these sectors. These changes are a direct result of previous government policies to attack small landlords by withholding tax relief on interest paid ( section 24) and allowing trading short term accommodation providers to get full tax relief. This was a Green Party policy that George Osborne stole. Now 6 years later we see the direct results and now we will face more regulation but the damage to both sectors has been done- small hotels/ B&Bs have closed, small landlords have left or changed their business model to short term letting. More regulation will cause more damage and the results will be seen in another 6 years. All due to headline grabbing policies and a lack of joined up thinking. Our local communities deserve so much better than this.
From:
Michael Johnson Amzac Estates Ltd
16 May 2022 09:15 AM
NRLA only benefit from more regulation as they can make much more money from courses, in fact as Wales is having an overhaul of paperwork a one day online course with the NRLA is now £100 , making pots of cash from regulation and pretending they are helping landlords. Governments aren't interested in the housing crisis in fact they are actively supporting more problems so they can over regulate the sector. This will allow much larger private companies to benefit in the longer term. The end is nigh for the small private landlord.
From:
Michael Johnson Amzac Estates Ltd
20 April 2022 14:51 PM
This 'mayor' is economically illiterate and fails to understand the fundamentals of the housing market ( or any market ) the law of supply and demand exists. Now that local and national authorities have intervened so many times the unintended consequences are plain to see. They are reaping what they sow. Unfortunately their lack of understanding will cause more landlords to exit and much larger corporate swill enter the market, skim off the cream of tenants and cause an even greater housing problem.
From:
Michael Johnson Amzac Estates Ltd
14 March 2022 12:45 PM
It demonstrates what a lack of understanding there is amongst MPs about housing ( in any form) there is. Unfortunately policy is politically motivated not socially motivated and just putting sticking plasters and even more regulation won’t help anyone. It continues to baffle me how they cause problems and then act shocked when they cause so many unintended consequences
From:
Michael Johnson Amzac Estates Ltd
11 January 2022 09:42 AM
Why would there be a register of tenants? The tenants do not profit from the letting process , nor do they have a legal duty to provide safe premises. This response is mostly from landlords who fail to understand that tenants are customers who are paying for a service. There will always be bad tenants- the entry standards must be rigid and this eradicates most problematic people but as with any investment there are risks.
From:
Michael Johnson Amzac Estates Ltd
27 October 2021 10:42 AM
It’s easy to see that a national register isn’t an easy fix. Here in Wales we have a national register of landlords, landlords qualifications , mandatory licensing, selective licensing all charging fees but in the last 10 years I can’t really see where any improvement has taken place for tenants. Where there have been improvements it’s because the market place and tenants expectations have pushed the landlords into becoming better. The rest of it is just stealth tax
From:
Michael Johnson Amzac Estates Ltd
27 October 2021 09:11 AM
I don’t really understand the narrative on both sides of this discussion on section 21 notice. I cannot understand how removing the owners right to their property will enhance a tenants home situation. In fact it will more than likely cause a reduction in stock thus pushing the costs up. However 2 months notice ( plus court time if required) isn’t a reasonable amount of time particularly if children/ schools / location is important so 6 months seems a much more reasonable compromise.
From:
Michael Johnson Amzac Estates Ltd
27 September 2021 09:31 AM
ARLA and Daryl Macintosh of Property mark once again using very carefully worded statements- very politically correct, why don’t they just say it as it is- Patrick Harvie hates the private sector and is a deep down left wing activist who has a chip on his shoulder because a landlord evicted him and now he will ultimately make it worse for Scottish tenants-
From:
Michael Johnson Amzac Estates Ltd
03 September 2021 11:22 AM
Yet another waste of public money- trying to offload tenants onto the private sector Why not just offer to be permanent Guarantors to the private sector and give some confidence to both the landlords and the tenants. I can guess why…….!
From:
Michael Johnson Amzac Estates Ltd
03 September 2021 11:17 AM
Yet again housing legislation introduced as a knee jerk reaction without thinking through the ramifications , this is the result of going after landlords and agents and making the situation worse for the tenants, the people they are purportedly trying to protect. Unfortunately this mind set is affecting all housing legislation and will eventually lead to an even worse situation than we have now in the rental sector
From:
Michael Johnson Amzac Estates Ltd
02 September 2021 09:34 AM
Its an interesting view from a tenant. However firstly the property owner explained that they no longer wanted to be a landlord which is entirely truthful, they wanted to be part of the short term letting business. Why not its their business and if they want to partake in a more active investment strategy then that's their choice. Having owned a hotel personally I would not want to be part of that business. Secondly why does this former tenant describe it as their old flat, it was never their flat or their property they were paying a market rent for it, ownership was not part of the deal. Whilst tax changes have made the changeover to short term lets faster I believe it would have happened anyway as it is a new and growing market, the tax changes speeded all of this up. I notice all the usual suspects are now keen to gang on short term let investors now, its just jealousy
From:
Michael Johnson Amzac Estates Ltd
06 August 2021 15:15 PM
Julia James speaks with a forked tongue- instead of acting as her propaganda mouthpiece, why don't you ask her how many applications they have had and how many they actually agreed to? As we virtually cannot evict for arrears of rent unless its over 6 months and the court hearing date is into 2022 , what motivates a tenant with arrears to crystallise the debt when in all probability they will end up getting away with paying nothing. The current ultra left wing Welsh Assembly could not care a hoot about landlords or tenants they just like to look like they are doing something.
From:
Michael Johnson Amzac Estates Ltd
30 June 2021 14:18 PM
Section 21 was introduced in 1988 by a real conservative government to motivate landlords to let out their property with the freedom to get their property back. Unfortunately the conservatives we have these days are weak and will say just about anything to get a vote. This will cause untold harm to tenants over the forthcoming years as smaller landlords leave the sector and the larger corporate landlords take the best tenants. This will prove a disaster for tenants.
From:
Michael Johnson Amzac Estates Ltd
11 May 2021 16:35 PM
Unfortunately Generation rent Etc cannot seem to understand that over legislating is very counter productive and keeps changing the landscape of the PRS. The relationship between landlords and tenants is a symbiotic one and there cannot be one without the other. Once this is understood and legislation is put in place to govern both sides there will be less need for this combative language but personally I think there are far too many people and organisations making a lot of money out of these attacks
From:
Michael Johnson Amzac Estates Ltd
29 April 2021 13:10 PM
Once the state starts to interfere in the free market I would expect to see an exodus of some investors from the lettings market, particularly the residential sector. This socialist approach will unfortunately lead to less choice, less quality housing and the only ones who will suffer long term will the the tenants and of course the landlords who didn't get out quick enough . Funny how policies end up going full circle and politicians seem to ignore lessons from the past.
From:
Michael Johnson Amzac Estates Ltd
09 December 2020 12:14 PM
That’s sounds like a great idea- how can we get more information
From:
Michael Johnson Amzac Estates Ltd
22 October 2020 16:56 PM
I always find it interesting that all the ideas to help tenants seem to come from people with no experience or knowledge of actually managing tenants or being a landlord. It just seems to me that every piece of legislation designed to help tenants just pushes rents up. To be honest if I was a tenant I would seriously ask whose interests are being served. This latest piece of proposed legislation will push a few more out and I suspect more are getting out than getting into the Lettings business which inevitably has only one effect
From:
Michael Johnson Amzac Estates Ltd
22 October 2020 16:55 PM
This will be pushed through despite of any protests. Landlords are an easy target, those properties that achieve a 'C' rating will be priced accordingly and the lack of supply will increase. Ultimately tenants will suffer under these proposals
From:
Michael Johnson Amzac Estates Ltd
15 October 2020 14:09 PM
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