We have talked a bit recently about the high demand for rental properties and the fact that there is starting to be a shortage. Also that many people are choosing in uncertain times to rent instead of buy only adding to the supply and demand imbalance. Recently it seems middle class families have been looking at another solution.
Many people in larger properties have decided to take in lodgers. Apparently this is happening in numbers that have not been seen since the middle 1960’s.
It seems the demographics for people willing to take in lodgers has changed a little since then with the primary candidates now being young couples with or without children. They are choosing to open their homes to lodgers mainly in order to relieve financial distress.
While this situation seems to be a perfect partial solution to the worries of both home owners and renters it needs to be pointed out that many of these landlords are totally unaware of the responsibilities of the situation they are taking on.
I applaud people’s initiative in taking action to ease their circumstance but urge all landlords to undertake extensive research to make sure they are aware of all laws pertaining to what they are doing.
