Four in ten landlords earn such slim margins from their rental income that just one missed payment by a tenant can cause serious difficulties.
The finding emerges in a survey by the National Landlords Association.
Carolyn Uphill, chairman of the NLA, said: “Landlords operate within a business environment and it’s essential that they budget accordingly.
“We recommend budgeting for ten months’ rent in any 12-month period to allow for missed rental payments and voids.
“It’s also essential that landlords carry out checks on potential tenants to minimise their risk of non-payment.”
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Comments
There are posts on threads more detailed and interesting than this.
My survey found that some landlords are male, others female. Agents need to be prepared to deal with both sorts and take extreme care when uncertain.
How about instead of sarcasm we try the old fashion school report system.
Grade D-
Carolyn has put very little effort into this press release, it is desperately lacking in both content and substance. Carolyn MUST do better if she wants to be taken seriously.
Dontcha know it pays to carry a brolly when it's raining too!
The last two paragraphs must have come from the University of the Bleeding Obvious.