With a month of focusing our rented property blog on advice and tips for Bristol landlords, at City Rental Services, we found a report from the National Landlords Association (NLA) with statistics highlighting that only a quarter of small landlords break even or even make a loss on their rented property portfolios.
According to the NLA report, 27% of landlords in the UK who let out a single property break even or run at a loss.
The NLA findings also claim that 19% of landlords who let out between two and four rented properties just break even on their property portfolios.
Carolyn Uphill, Chairman of the NLA, commented:
“With proper planning and financial protection in place many could turn a failing business into a success, and we’re urging landlords to explore the range of support the NLA can offer to help run a successful and profitable business.”
In our experience as a leading independent letting agency in central Bristol, it’s critical for rented property landlords in BS postcodes to ensure that rents are paid, providing good communication to all tenants, and making sure that re-lets happen quickly and efficiently.
How efficient are you as a rented property landlord in Bristol?
We’re happy to provide advice to new rented property landlords at our Gloucester Road-based office, so pop into see us this Autumn.
If you’re looking for advice on how to rent properties in Bristol, call in to 58 Gloucester Road to see us.