8:00 AM, 13th September 2012, About 10 years ago 22
I don’t know which Landlords Association is best, what I can tell you is which ones I joined and why they are the right ones for me. I’m also interested in whether YOU are a member of a Landlords Association and why you decided that was the best one for you.
Very early in my career as a landlord I joined Eastern Landlords Association “ELA”, it was the only one I’d heard of, probably because their Head Office is based in Norwich and was I. My motive at the time was to meet more landlords and to sell them mortgages. That was over 25 years ago though and I haven’t been selling mortgages since 2003. Despite that I remain a member.
The annual membership fee is less than the price of half an hour with a solicitor and in my experience, not only is their advice massively cheaper, it’s better too as they spend all day, every day advising landlords. I’ve yet to present them with a situation they don’t advise other landlords about on a regular basis. As landlords we can often well feel alone and sometimes we all want to talk to a somebody in person than via an online forum. The Eastern Landlords Association are there for me when I need them. Sometimes a year or two goes by and I don’t need them but I keep paying the fees because I know that one day I will need them and they are worth every penny.
The other association I joined is the National Landlords Association “NLA”. They are much bigger, certainly better funded and appear to have closer relationships with politicians and other centres of influence due to being based in London. They too provide advice and have a good call centre (so I’m told) but I’ve never used the service.
So why did I join the National Landlords Association as well as Eastern Landlords Association you may ask.
The answer is that some of the providers I use offer discounts to National Landlords Association members which outweigh the costs of the annual fees. A good example is that I used a company last year to help me solve an ongoing damp and condensation problem in one of my ground floor flats. The discount I got from that one supplier, as a result of being a member of the National Landlords Association, saved me the equivalent of two years of membership fees. Therefore, my reason for being a member of the National Landlords Association is primarily commercial.
Other landlords speak very highly of the other Landlords Associations including (in no particular order):-