A report from the National Landlords Association (NLA) suggests that more than a quarter of landlords with just a single property struggle to make a profit on their investment.
The findings show that 27% of single property landlords either break even, or run at an operating loss, in comparison to 19% of landlords owning between two and four properties.[1]
NLA estimations suggest that around half of private landlords have a portfolio of between one to four properties.
Carolyn Uphill, Chairman of the NLA said that the figures underlined the difficulty of buy-to-let investment. She said that the findings “point to a significant number of landlords who struggle to make ends meet, and show that for many, being a landlord isn’t just about watching rent money roll in.”[1]
Uphill states: “With proper planning and financial protection,” a number of struggling landlords could “turn a failing business into a success.” She goes on to implore landlords to “explore the range of support the NLA can offer to help run a successful and profitable business.”[1]
[1] http://www.whathouse.com/news/article/5409a2fc53471986538b4567