What are the implications of more of us becoming landlords?Make Text Bigger
The headlines have been telling us that the number of landlords in the UK has been increasing in recent years as more people choose to taking their savings out of the banks and reinvest it in property.
Though this could go some way to solving the so-called housing crisis that the country is currently in the midst of, we now find ourselves in a situation where a lot of inexperienced people are becoming landlords for the first time.
Although there are plenty useful resources available to new landlords to educate them before leasing to tenants, will their lack of experience affect tenant experience and satisfaction? Will the inexperienced landlord’s loss be the experienced landlord’s gain?
Or will it have a negative effect on the reputation of landlords as a whole?
I’d be interested to hear the community’s thoughts on this.
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