Your ability to earn on an investment has a huge impact on your efficacy as a landlord. A worrying 17% of landlords experience difficulties in covering their costs and, in some of the worst cases, suffer losses. In light of these findings, how can you ensure that your business is successful, profitable, and above all … Continue reading Get the most out of your lettings business with Reinventing Renting
Tag: Rent Arrears
As the UK’s leading representative body for landlords, it is important that we confront the issues that are important to our members. Our latest campaign seeks to raise awareness of the potential risks involved for landlords when running a letting business. Rent Risk Resolve aims to highlight four of the biggest risks facing landlords and … Continue reading NLA launches new campaign: Rent Risk Resolve – Part one: rent arrears
As a landlord, there are often times when you will unfortunately need to seek possession of your property. For example, if your tenants are in arrears or your property has been damaged through anti-social behaviour (the top two reasons for a landlord being forced to go down this route.) If your tenants have signed an … Continue reading A quick guide to residential tenancy possession in England
All businesses have bad debts and Buy to Let is, after all, a business. Albeit one the Government doesn't truly recognises through the tax system. A 'normal' allowance for this is in the region of 5% of turnover but rent arrears are running at more than twice that figure. According to one set of figures recently published … Continue reading Rent Arrears: In the ‘normal course of business’ or ‘way too high’?
We’ve released the results of two surveys of landlords over the past month, which have found some interesting attitudes towards housing benefit cuts, and a large number of tenants failing to pay the rent on time. Firstly, our Local Housing Allowance (LHA) survey questioned 455 landlords about their attitudes towards the benefit cuts. Not surprisingly, … Continue reading Landlords to struggle with benefit cuts