Britain’s amateur landlords struggling – those renting out one property – are struggling as they feel the impact of voids and rent arrears.
The latest research from BDRC Continental’s independent Landlords’ Panel survey reveals the proportion making either a small or large loss has doubled from 8% in Q1 2012 to 16% in Q2.
Those with more properties fare far better: 40% of those with 5-10 properties, 69% of those with 11-19 properties and 68% with 20+ in their portfolios make a profitable full time living from letting.
In Q1 the report identified a fall in rental arrears for the first time in a year; by Q2 the trend had reversed bouncing back to 49% from 45%.
Almost one in ten single property landlords (9%) experienced voids in the last three months that lasted just over two months or an average of 69 days.
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