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Tenant demand will sustain rental income
According to an industry expert, rental income is likely to be sustained by tenant demand for the next five years.
Director at the landlord advice website LandlordZone Tom Entwistle, stated that tenant demand is likely to be maintained in the coming few years if predictions of residential property growth, or lack thereof, are accurate.
He remarked that given the predicted growth of the UK's residential rental market over the next five years or so, he was cautiously optimistic that tenant demand will sustain rental incomes for landlords over this period. This also needs to be set against declining house prices in many areas, as well as a "slow-growth" economy. he said.
Mr Entwistle also gave advice to anyone considering becoming a landlord and investing in a property to rent, recommending that they research the market thoroughly. Potential landlords should also aim to buy good-value properties, as well as taking care to select reliable tenants.
Recently, David Lawrenson, a buy-to-let and private rented sector expert at LettingFocus, said that tenancy deposit schemes play a vital role in protecting both tenants and landlords in the rental sector, helping to curb the activities of unscrupulous lenders and tenants and adding a degree of certainty to rental agreements.
Posted: 18 May 2011
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