Accidental landlord, not the easy option
A lot of people choosing not to sell but to rent may face a nasty shock, as the letting market is not flowing as much as they think.
The rental market is overfilled with properties looking for tenants and due to this only the best properties are letting easy, leaving a lot of the accidental landlords out in the cold with no money coming in from the property. This has been blamed on accidental landlords being less professional with their approach.
Accidental landlords have always been in the letting market but the vast level of new landlords means that there are more properties left empty. There recently has been an increase in the need for let properties however the need does not match the amount of properties available.
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January 16th 2009
