3 Million UK homes owned by Part-Time or Accidental Landlords
One of the UK’s largest estate & lettings agents has just released research based on its own database of over 65,000 properties across England, Scotland and Wales. The research has found that 93% of registered landlords own just 1 property, putting this into perspective that’s 81% of all private rental stock in England, Scotland and Wales, somewhere in the region of 3 million UK homes.
Landlords owning just 1 property could be seen as part-time landlords or even accidental landlords and as such may not be fully up to speed with the ever increasing amount of red tape and legislation being forced onto the Private Rented Sector (PRS).
Part time landlords and accidental landlords, just like professional landlords and letting agents are expected to keep up with legislation such as Tenancy Deposit Protection (TDP) and changes to the Benefits System, such as benefit caps and the introduction of Universal Credit. They may even need to gain Landlord Accreditation in selective licensing zones all while holding down a day job!
So the role of the landlord is becoming increasingly more complex, that coupled with caps to housing benefit and record numbers of tenant evictions for rent arrears in 2014, and ever more demanding and time consuming. However, on a positive note rents are rising and so are house prices.
So what if a part time landlord or accidental landlord could remove the red tape, the complex legislation, tenant management, rent arrears, void periods and costly and time consuming eviction process, but still have the good bits of owning and renting property, would that be an attractive option?
Rent Guarantee Cardiff takes all the risk and the bad bits of renting property away from landlords, so they can concentrate on the good bits. Receive their rent on the same day each month knowing they will not experience any rent arrears, void periods or headaches evicting tenants, and still have their cake and eat it, the capital appreciation from house price inflation.
Rent Guarantee Cardiff can offer landlords in Cardiff and across South Wales up to 90% of the open market rent and increase your rental income by at least 20% per annum if they currently let their property through a traditional letting agent.
So if you would like all the bad bits taken away and still get the good bits, why not get in contact today.