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5 Sep

Landlords raise tenant and tax concerns

Landlords raise tenant and tax concerns

Landlords remain concerned about the changes in tax legislation, but there has been an increase in worries surrounding tenant demand.  

New research from Upad showed a fifth of landlords are focused on the impact of void periods on their returns. However, 66 per cent of landlords involved in the poll confirmed they do not plan to reduce their property portfolios within the next two to five years.  

Landlord Claire Rostron stressed it was key to find the right tenant to ensure stable and long-term incomes. She explained: "Interest from unsuitable tenants can be as frustrating as too little interest. Being in control of client demand and managing the quality and suitability of my tenants has been one less thing to worry about." 

James Davis, founder of Upad, highlighted tax regulations and changes are still a concern for landlords, but the day-to-day responsibility of renting out properties is also relevant.  

He added: "It is often the more mundane aspects of renting a property that have an impact on how a landlord chooses to manage his or her portfolio to reduce the stress levels associated with doing so." ADNFCR-1222-ID-801839577-ADNFCR

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