7 Mar

'Knowledge is power' in buy-to-let

'Knowledge is power' in buy-to-let

Landlords should attempt to learn more about the industry, according to new comments made by the chairman of the Residential Landlords Association (RLA).

Investors this year ought to manage the properties they already have, rather than consider expanding, to ensure that they are compliant with all regulations, Lee Dribben argued.

They could "wait and see how the market develops" before making any decisions about the future, he added, because licensing could change.

Moreover, the RLA gives landlords assistance via training schemes, Mr Dribben stated, something that may improve their knowledge of the sector.

He commented: "Landlords need all the resources they can acquire as they daily deal with a minefield of regulation and legislation."

In the 12 months up until December last year, the average return for a landlord in the buy-to-let sector was 16.3 per cent, Birmingham Midshires has revealed. This figure was up from 13.5 per cent the year before.ADNFCR-1222-ID-18500258-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.