Landlords 'better off keeping rent the same'
by Daniel Jones
Keeping rental costs on an even keel is preferable for landlords in the current climate, an expert has said.
By increasing costs, landlords run the risk of seeing their tenants looking elsewhere, suggested chief executive officer of Upad James Davis.
He continued: "Some of them will take that increase in rent
and just pay it, but you are actually giving them an opportunity to go out and shop and see what else is out there."
Landlords will also find that they have to go through the hassle of showing potential tenants around a property and other costs associated with finding new clients.
Furthermore, Mr Davis said that there is likely to be a void period when nobody is in the property.
Sequence Lettings reported in recent days that it had seen a 37 per cent increase in the number of people seeking properties to rent over the past year.
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Published on: April 8, 2011
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