As IPOA Predicted – Landlords Exiting the Sector!

1778 landlords gone from sector 8829  homes no longer available to tenants Existing tenancies pay 21% less than new tenancies  Continual interference in the private rental sector has resulted in less accommodation for rent, contributing to homelessness.  Rent Pressure Zones limited the income of investors without limiting the cost of the provision of the accommodation.  Property owners who rewarded  good tenants by keeping the rent low, have been unfairly and substantially disadvantaged.  The Residential Tenancies (Amendment) Bill intents to bring in penalties and possible criminal convictions for landlords who breach legislation but does not address the substantially low rent situation. 
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Residential Tenancies Bill (Amended)

The Government gave its approval to publish the Residential Tenancies (Amendment) Bill, which includes: Providing powers to the RTB to investigate and sanction landlords who engage in improper conduct including non-compliance with the rent increase restriction in RPZs; A sanction could cost a landlord in breach up to €30,000 and a written caution (a financial penalty of up to €15,000; payment of RTB investigation costs of up to €15,000). Making it a criminal offence for landlords to implement rent increases that contravene the law, that do not adhere to new definitions of a substantial change, failure to cooperate with an investigation, failure to register
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Stop Paying Placement Fees

  Stephen Faughnan, Chairman, of the Irish Property Owners Association comments on the issue recently raised of placement fees being paid by the Dublin Region Homeless Executive The move to pay agents a finder fee is concerning and disturbing.  It has the potential to effect the normal selection process of finding the right tenant for a property.  On employing an Agent there is an expectation that the Agent will advertise the property and will select the most appropriate tenant based on a number of criteria including ability to pay, references and suitability for the property. The Placement Fee has the
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Proposed changes for Short-term Lettings

In order to ensure that entire dwellings that could be used for long-term rental accommodation are not lost to the rental market in favour of short-term letting, but seeking to facilitate the continued use of rooms within a person’s own home (known as “homesharing”) for short-term tourism letting or the short-term rental of an entire home for a limited number of days (90 days), the following changes to the planning code are being proposed:   From 1 June 2019, it will no longer be possible to rely on exempted development provisions to let, under short-term letting arrangements, a house or
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We are Hiring

Accounts & Membership Administrator required to join the IPOA Team. Duties: Customer Service Data Management Accounts Events Support Office Administration Skills & Qualities: Strong customer service skills Highly proactive with excellent communication and organisational skills Strong attention to detail Good Excel skills Ability to work to deadlines Must have: Basic Accounts – SAGE/ Quick Books Experience 1-year Administration Experience Desirable: Interest/Experience in Property   Contact Marion @  marion@ord.ie for further information
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Budget 2019 – A positive ‘small step’ for Landlords

“In the rental sector, Mr Donohoe is bringing forward the full removal of the restriction on the amount of interest that may be deducted by landlords in respect of loans used to purchase, improve or repair their residential property. The rate was due to be 100 per cent by 2021 but will now be effective from 1 January 2019.” The national representative body for private landlords, the Irish Property Owners Association (IPOA) have cautiously welcomed Budget 2019. In a message to members shortly after the details were announced, IPOA Chairman, Stephen Faughnan, said that the restoration of mortgage interest relief to
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PRE-BUDGET SUBMISSION

IPOA submitted its Pre-Budget submission on 22nd of August 2018. Our Key message being Housing is a National Emergency, getting the sector working should be the main focus of the State.  Key Recommendations: Exemption from Income Tax for Long Term Lettings 100% Mortgage Interest Relief, implemented immediately Local Property Tax – ‘user pays’ or allowable as a deductible expense Rollover Relief Refurbishment Relief Pension Provision Full submission can be accessed in the Members Centre
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