1 May

Communication the key for landlords, says RLA

Communication the key for landlords, says RLA

Successful landlords are those who communicate well with tenants, the Residential Landlords Association (RLA) has said.

RLA chairman Alan Ward stated that such skills enable investors to establish who the likely good tenants are, as well as encouraging them to keep in touch about problems arising, such as if they lose their jobs and will have difficulties paying the rent.

Comparing this skill to offering extra elements in a property, he remarked: "Goodies like broadband or Sky are less important than a well-presented, fairly-priced property, but they can be valuable as a differentiator in a competitive market."

Mr Ward also noted that putting in a tenant "requires skill and management".

Female landlords are a group of investors that are particularly keen to increase their holdings in the near future, a recent National Landlords Association poll has shown.

It revealed that 62 per cent of this group are looking to expand their portfolios in the coming 12 months.
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