Arseholes giving other tenants a bad name with behavior like this. Can be fairly rest assured that this story will lead to some people getting an eviction notice on 1 April that previously wouldn’t have.
This sub complains about scum tenants like this and then they’ll complain when banks hire people to get scum out of properties they are not paying for.
Absolute Joke
Think that’s bad ? My drug addict, abusive, mentally deranged neighbour hasn’t paid his mortgage in seven fuckin years and he’s still living like Larry in the house. Fuckin torments everyone around him.
Not being funny but who the feck gets 70k in debt on rent and what sort of landlord allows it? This countries going to hell in a hand cart!
Joke of a country
I hope they paying all of that back right? right?
Why would he give them two months? What has the time of year got to do with it? They have had long enough to sort alternative arrangements, tough shit.
I know landlords get a lot of stick in Ireland and honestly more often than not it’s justified, but this is the other side of the coin. You shouldn’t be able to turf someone out on their ear in a matter of days but equally it should not take years to evict a non paying tenant.
I was bored so I decided to look up this landlord, Emerley 59, and found I could order a 2021 financial statement [here](https://core.cro.ie/e-commerce/company/search/585129) for €2.50, so I did. Now, I’m no finance whizz so a lot of this stuff goes over my head, but some of it does seem very relevant.
Firstly, according to [page 14](https://imgur.com/n2qDySj), their stock of residential properties is valued at €8,504,325.
On [page 16](https://imgur.com/bFyRlAh) we see payments to Emerald Fund ICAV and Aldee Investments Limited. [A quick search reveals a little more](https://www.marketscreener.com/business-leaders/William-McIntosh-05M3L1-E/biography/): the sole shareholder of Aldee founded Emerald Investment (and Cairn Homes, of which he has shares valued at $38 million!), which presumably owns Emerley 59 (the directors of Emerley 59 even have emeraldinvestment.co.uk addresses). €92k is a pretty sweet sum to me but if you have shares valued at $38 million you’d probably just view it as little more than a parking ticket.
> Guernsey levies no capital gains, inheritance, capital transfer, value added (VAT / TVA) or general withholding taxes.[94] Guernsey has thus been described a tax haven.
| | 2021 | 2020 |
|-| —- | —- |
| Legal and professional | €293,224 | €40,945 |
| Rent receivable – other income | €1,237,954 | €1,234,407 |
| Net profit | €232,164 | €528,751 |
Oof! Those legal (and professional) fees really hit hard of all a sudden, even on top of the Aldee fee. Hopefully they can make enough from the rent to get by, in spite of having to deal with these despicable freeloaders.
Now, it seems many of the comments here are bemoaning the plight of the landlords and their owed rent, which, if this was a small time operation I would sympathise with, but we can clearly see above that the €70k over three years is barely a dent in their coffers. In fact, they paid _way_ more in legal (and professional) fees in 2021 alone.
Also, consider this article in the wider context of our society: we have a housing crisis where it’s
currently [“severely unaffordable”](https://www.irishexaminer.com/news/arid-40784496.html). And yet, what is covered here is a story where, as we’ve just found, the “victim” is a landlord that made over half a million in 2020. And our beloved prestigous news outlet The Irish Times decided that none of this was worth reporting. Whether the landlord is merely an individual working to pay off a second home or has €8.5 million worth of properties is irrelevant to the story.
I’m going to presume this will be taken in bad faith (this is the internet after all) so I’ll just be clear by stating that the tenants are obviously indefensible. However, they are, per the article, going to be evicted in mid-February, and, considering they have €70k in rent arrears, there’s no way they’ll _ever_ rent in Ireland again (I mean if you let them rent from you it’s kind of your own fault at this point). Meanwhile, I’m sure that the corporate landlord will manage to keep those profits healthy once they get this thorn out.
I’m sure some of you will also claim that, just because it’s a corporate landlord, doesn’t mean that small landlords are subject to this. And I agree completely! That is absolutely true. But there’s a much bigger problem here, and that is _media bias_.
We have here a story of the worst-of-the-worst tenants to frighten us, but the corporate landlords that profit from this crisis are not part of it. Not only that, but there’s no broader context of squatting in general. How often does this kind of behaviour actually happen? Has it _ever_ happened? Is this a blue moon situation or is there a squatting crisis we’re not hearing about? And how does it affect the landlords? Is it a small (but significant) burden or are their lives ruined?
Did I _just happen_ to stumble on a corporate landlord or are they everywhere? If all news articles ignored the significance of these corporate landlords, like this one does, you might forget they exist! It might seem small, but a misleading headline here or an article lacking context there adds up, and the resulting worldview is little different from one of sheer terror that would result from being subjected to nothing but headlines and stories of seemingly random murders and traffic accidents.
When does it stop being rent arrears and become theft?
13 comments
No mention of them paying back the money.
These people are scum.
Arseholes giving other tenants a bad name with behavior like this. Can be fairly rest assured that this story will lead to some people getting an eviction notice on 1 April that previously wouldn’t have.
This sub complains about scum tenants like this and then they’ll complain when banks hire people to get scum out of properties they are not paying for.
Absolute Joke
Think that’s bad ? My drug addict, abusive, mentally deranged neighbour hasn’t paid his mortgage in seven fuckin years and he’s still living like Larry in the house. Fuckin torments everyone around him.
Not being funny but who the feck gets 70k in debt on rent and what sort of landlord allows it? This countries going to hell in a hand cart!
Joke of a country
I hope they paying all of that back right? right?
Why would he give them two months? What has the time of year got to do with it? They have had long enough to sort alternative arrangements, tough shit.
I know landlords get a lot of stick in Ireland and honestly more often than not it’s justified, but this is the other side of the coin. You shouldn’t be able to turf someone out on their ear in a matter of days but equally it should not take years to evict a non paying tenant.
I was bored so I decided to look up this landlord, Emerley 59, and found I could order a 2021 financial statement [here](https://core.cro.ie/e-commerce/company/search/585129) for €2.50, so I did. Now, I’m no finance whizz so a lot of this stuff goes over my head, but some of it does seem very relevant.
Firstly, according to [page 14](https://imgur.com/n2qDySj), their stock of residential properties is valued at €8,504,325.
On [page 16](https://imgur.com/bFyRlAh) we see payments to Emerald Fund ICAV and Aldee Investments Limited. [A quick search reveals a little more](https://www.marketscreener.com/business-leaders/William-McIntosh-05M3L1-E/biography/): the sole shareholder of Aldee founded Emerald Investment (and Cairn Homes, of which he has shares valued at $38 million!), which presumably owns Emerley 59 (the directors of Emerley 59 even have emeraldinvestment.co.uk addresses). €92k is a pretty sweet sum to me but if you have shares valued at $38 million you’d probably just view it as little more than a parking ticket.
On [page 17](https://imgur.com/YyAwA6P):
> The ultimare [sic] controlling party Fides Trust Limited (a company incorporated and registered in Guernsey) as Trustee of the Landmark Trust.)
[Guernsey? But why Guer-](https://en.wikipedia.org/wiki/Guernsey#Taxation)
> Guernsey levies no capital gains, inheritance, capital transfer, value added (VAT / TVA) or general withholding taxes.[94] Guernsey has thus been described a tax haven.
Ah (this probably isn’t really relevent, idk).
And some of the figures on [page 19](https://imgur.com/QGbWlWY):
| | 2021 | 2020 |
|-| —- | —- |
| Legal and professional | €293,224 | €40,945 |
| Rent receivable – other income | €1,237,954 | €1,234,407 |
| Net profit | €232,164 | €528,751 |
Oof! Those legal (and professional) fees really hit hard of all a sudden, even on top of the Aldee fee. Hopefully they can make enough from the rent to get by, in spite of having to deal with these despicable freeloaders.
Now, it seems many of the comments here are bemoaning the plight of the landlords and their owed rent, which, if this was a small time operation I would sympathise with, but we can clearly see above that the €70k over three years is barely a dent in their coffers. In fact, they paid _way_ more in legal (and professional) fees in 2021 alone.
Also, consider this article in the wider context of our society: we have a housing crisis where it’s
currently [“severely unaffordable”](https://www.irishexaminer.com/news/arid-40784496.html). And yet, what is covered here is a story where, as we’ve just found, the “victim” is a landlord that made over half a million in 2020. And our beloved prestigous news outlet The Irish Times decided that none of this was worth reporting. Whether the landlord is merely an individual working to pay off a second home or has €8.5 million worth of properties is irrelevant to the story.
I’m going to presume this will be taken in bad faith (this is the internet after all) so I’ll just be clear by stating that the tenants are obviously indefensible. However, they are, per the article, going to be evicted in mid-February, and, considering they have €70k in rent arrears, there’s no way they’ll _ever_ rent in Ireland again (I mean if you let them rent from you it’s kind of your own fault at this point). Meanwhile, I’m sure that the corporate landlord will manage to keep those profits healthy once they get this thorn out.
I’m sure some of you will also claim that, just because it’s a corporate landlord, doesn’t mean that small landlords are subject to this. And I agree completely! That is absolutely true. But there’s a much bigger problem here, and that is _media bias_.
We have here a story of the worst-of-the-worst tenants to frighten us, but the corporate landlords that profit from this crisis are not part of it. Not only that, but there’s no broader context of squatting in general. How often does this kind of behaviour actually happen? Has it _ever_ happened? Is this a blue moon situation or is there a squatting crisis we’re not hearing about? And how does it affect the landlords? Is it a small (but significant) burden or are their lives ruined?
Did I _just happen_ to stumble on a corporate landlord or are they everywhere? If all news articles ignored the significance of these corporate landlords, like this one does, you might forget they exist! It might seem small, but a misleading headline here or an article lacking context there adds up, and the resulting worldview is little different from one of sheer terror that would result from being subjected to nothing but headlines and stories of seemingly random murders and traffic accidents.
When does it stop being rent arrears and become theft?
Based