Stress Awareness Month: Causes Of Stress For UK Landlords & How We Can Reduce It.

It’s Stress Awareness Month and we are sharing this handy blog exploring causes of stress for UK Landlords, and how we can help reduce it! 

Starting with the most common cause of stress… Finding good tenants.

73% of landlords said finding good tenants was moderately or extremely difficult (UK Landlord Survey 2021)

Here at Let’s Rent Southampton we take the stress out of letting for you, with our rigorous application procedure to ensure our landlords get complete peace of mind.

• We obtain satisfactory references from employers and/or a previous or current landlord
• We will confirm their right to live and work in the UK
• There may also be instances when we require a personal reference or guarantor 

Landlord Causes of Stress: Handling maintenance issues

59% of landlords revealed they found managing maintenance issues to be moderately or extremely difficult. Specifically, getting a good price from contractors proved most challenging, with 78% of landlords finding this difficult. A close second was finding a reliable contractor at 72% (UK Landlord Survey 2021).

At Lets Rent Southampton we;

• Arrange with you any maintenance or repairs to the property where necessary using our comprehensive list of tried and tested contractors or, alternatively, you may prefer us to use a contractor already known to you. 

• Maintain contact with the existing tenant and arrange renewals of the agreement as and when necessary. 
• When the tenancy ends, we will arrange check out, where the inventory is checked and schedule of condition made.

Landlord Causes of Stress: Knowing your legal responsibilities

When deciding to let property, most landlords tend to know there are significant legal implications. Understanding the full scope of these responsibilities, and the specific actions required, is far from straightforward.

With over 100 laws applying to the rental sector alone, keeping on top of your legal duties can be challenging, particularly for first-time landlords. From property licencing and deposit protection, to safety inspections and notice periods – there’s a lot to remember.

58% of landlords find it difficult to fully understand their legal responsibilities (UK Landlord Survey 2021).

The good news is, landlords aren’t expected to know every piece of legislation. 

It’s good to know what the current laws are, but new legislation is introduced all the time. In the last 18 months alone, electrical inspections have become mandatory, eviction process have changed a number of times, and new rules for renting with pets are currently being discussed..

The best thing for landlords to do is to stay updated. Subscribing to newsletters, reading articles and joining landlord forums are a great way to stay in the know. Lets Rent Southampton are always on hand to advise new and existing landlords of the current legislation and the property market in Southampton.

What stresses you out?

What do you find the most stressful aspect of being a landlord? Share your thoughts in the comments below or get in touch to find out more about our Landlord Services. Call the team on 02380 434448 or email enquiries@letsrentsouthampton.co.uk

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