The Property Academy has published the results of an independent survey in which 2,948 landlords and 5,025 tenants took part. The findings help cement the role of private landlords as professional and back up Government statistics and RLA arguments regarding the private rented sector (PRS).
You can view the landlord edition of the publication here: “Landlords survey results 2014”.
Some of the key findings include items such as:
- 72% have been landlords for 3+ years
- 7% let properties as their primary business
- 42% of the landlords are accidental/ unintentional
- 68% of landlords prefer to keep the same tenant even if the agent recommends someone who will pay more rent
These figures suggest that many landlords are experienced, but there is still plenty of room for support. Additionally, landlords are acutely aware that having tenants in their properties is preferable to void period…even with more rent at stake!
The group has also done a tenant survey the main points can be found “Tenants survey results”:
- 42% of tenants are choosing to rent
- 59% of tenants find properties on line
- 41% use mobile phones to search
- 69% value the number of images when searching
- 89% of tenants pay an admin fee
- 74% of tenants are happy with state of property
- 69% of tenants want to renew their agreement
Hopefully these results will help convince sceptics regarding recent RLA findings on why landlords may have to pursue evictions in certain circumstances. See “Landlords do not evict tenants without reason, shows new research”.
Government statistics also show that tenant satisfaction has increased in the PRS recently: ONS IPHRP data: private rents below inflation
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