The rental sector has experienced a large amount of activity during these difficult market conditions. “Discount Letting has seen a 20% increase in tenant enquiries with only a 15% increase in rental property stock offered by landlords across the UK” says Managing Director Daniel Burgess. Increasing tenant demand coupled with falling interest rates is positioning 2009 to be a good year for landlords.
But it’s not all good news, with unemployment rising and the UK in the grip of a recession many tenants are struggling with their rental commitments whilst new tenants to the rental market are finding that some rental prices are out of their reach. Daniel advises landlords to be sensible when setting rental values for their investment properties in the current climate. Setting a realistic rental valuation and looking to the longer term is essential in this potentially difficult market.
Although there are many opportunities for landlords in today’s market, landlords must look after and maintain their current portfolio if they are to push forward through this potentially difficult time. Many landlords will be looking to reduce their costs by managing their own portfolio or changing their Letting Agent.
Discount Letting offer 2 levels of service which are tailor made for landlords looking to reduce their costs. With a Tenant Find Service from £49 and a Full Management Service from 6% landlords can be sure they will save on their portfolio fees and look forward to a brighter future.
Daniel thoughts on the coming year are that landlords should be realistic in setting rental prices whilst taking care to maintain and look after their existing portfolio. “Landlords will certainly have opportunities to grow their portfolios in 2009 but caution and basic cash flow projections are a must” says Daniel.
Discount Letting is offering all Property Portfolio Software members a 17% discount on the standard Tenant Find Service price. Please use the following discount code to achieve your discount.
Discount Code: iz0dbm6r.
