Unless you are a total technophobe, you cannot fail to be aware of the plethora of social networking sites out there. From Facebook to LinkedIn, in all probability you are a member of at least one of the most popular sites. But although checking your Facebook and chasing new contacts on LinkedIn can sometimes be useful for your property investment business, there is now a social networking site specifically aimed at helping landlords exchange useful information about tenants they have had contact with.
LandlordReferencing.co.uk has been set up by landlords for landlords and could turn out to be a very useful resource if you have access to a computer. The premise behind the site is very simple. It is designed to be a “community”, in much the same way as any other social networking site, but instead of exchanging banalities, if you are unlucky enough to be stuck with the tenant from hell, you can upload information about that person and let other landlords know before they end up handing over a tenancy agreement to the same individual—you also have an opportunity to check up on a potential tenant to ensure they are reliable and not about to make your life miserable.
The website is keen to point out that no privacy laws are being violated—if a landlord goes looking for information about an individual and there is a match with data held on the system, the website puts the two landlords in touch with one another.
It looks like being a win-win situation for landlords everywhere!
