NLA’s Latest Campaign Will Help Landlords
The National Landlords Association (NLA) has launched a new campaign that hopes to help landlords in making their lettings businesses more profitable.
Reinventing Renting is designed to identify opportunities for buy-to-let investors.
The campaign includes many useful resources, including guides and presentations, on various topics. They will help landlords:
- Choose the right investment.
- Improve financial planning
- Expand their portfolios and maximise gains.
- Reduce their exposure to a range of risks associated with renting out property, including: imminent interest rate rises, rent arrears and rogue tenants.
Reinventing Renting focuses on the landlords that are struggling to make a profit, by exploring different business approaches and tenant markets, while offering assistance to landlords hoping to make their business more profitable.
The campaign arrives after announcements in the summer Budget and Autumn Statement, which could seriously hit profitability within the sector.
The NLA has also identified some of the good and bad characteristics of being a landlord in its Vogue or Rogue section.
Chairman of the NLA, Carolyn Uphill, says: “As the leading landlord association, we’re here to provide landlords with all the tools and information needed to make a success of letting.
“Over the next few months, Reinventing Renting will look at some of the key issues for landlords and provide support and tips to improve the way they run their business.
“The campaign has something for both new and experienced landlords and will be particularly useful for those who are struggling to make things work or worried about how the changes to mortgage interest taxation will affect them in the future.”1
For more landlord advice, look here: http://www.landlords.org.uk/reinventingrenting
1 http://www.landlords.org.uk/news-campaigns/news/nla-launches-new-campaign