Landlords 'face all sorts of difficulties'
There are all sorts of problems that landlords face when entering the market for the first time, one expert has said.
One of the main issues are so-called "tenants from hell", noted David Lawrenson, private rented sector expert at LettingFocus.com, who are likely to breach their tenancy agreements
"That's often because either the landlord or his letting agent did not do proper background reference checks
on the tenant," he explained.
Mr Lawrenson pointed out that some landlords also find themselves buying the wrong type of property, meaning they will struggle to stay afloat in the long term.
In many cases, there is so much of the same property being built in a small area that it becomes difficult to let, the expert added.
Countrywide reported earlier this month that UK private rental properties are being let within 15 days on average - five days quicker than a year ago.
Published on: February 14, 2011
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