Reliable tenants better than more money

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Reliable tenants better than more money

Thu 19th May 2005

New research has shown that landlords are more interested in finding good tenants than in making money on properties.

The National Landlords Association (NLA) has shown that most landlords do not invest in property based on past house price increases and the expectation of future rises.

In fact, less than one in ten landlords said that rising prices were the main reason for their decision to invest in property.

Of the rest, 46 per cent said that rising prices were a consideration only, while 45 per cent said that rising prices had "no influence" at all.

The NLA's chairman, David Salusbury, said: "Our new survey illustrates that landlords are not principally motivated by capital gain on the value of their properties, in the way that a speculative investor would be.

"What matters to landlords first and foremost is finding good tenants who will look after their properties, stay for a reasonably long period and, of course, pay their rent on time."

He argued that most tenants responded positively to the landlord's efforts to provide quality accommodation by looking after the fixtures and fittings of the property and by keeping the rent current, describing it as a "win-win" situation.

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