The life of a landlord in the UK full of stress and problems

To own a home in the UK is certainly nice. But, if you decide to profit from this and to offer their property to rent, you automatically incur a lot of problems, which sometimes can cause stress. More than half the people in the United Kingdom, with a loud title of “Landlord” , the owner of their own homes, I believe that being a landlord is a problem and additional stress.

All they have to spend their legal holiday to deal with the problems arising from tenants instead of to enjoy the hot sun on the ocean. Many of the interviewed homeowners admitted that it has become more problematic than they expected.

A huge amount of time spent on phone conversations with real estate agents and potential tenants. And very most of the time consuming repairs and maintenance.

The experiences of homeowners are also associated with the fear that their property will be idle without tenants, with a delay of the rent , tax obligations associated with receipt of rental income, lack of time and money on repair and modernization of real estate and the big fees that are levied by the real estate Agency as an intermediary.

One of the eternal themes of conflict between landlord and tenant – Pets. More than 60% of landlords do not allow Pets in their property. However, about 5% find after the time that the residents all had Pets and part of their property damaged.

Against the background of increasing demand for rental residential real estate more and more people in the UK trying to try on a new role – to become a landlord. However, those who first embarked on this path, sometimes have a hard time, as they do not take into account all of the challenges they may face. According to the National Association of Landlords in the UK, approximately 27% among those having only one object in property for rental, are in losses. The losses are primarily associated with periods of idle real estate without tenants and costs described above.

Despite its apparent simplicity, letting your property is a serious business. A sharp increase in the number of homeowners looking to rent their homes to rent, not only created competition in the sector, but also provoked the appearance on the market of “casual owners”, who were not ready to solve sudden tasks.

® Maxim Savitsky G. 05.10.2014

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