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Thu 16 Mar 2017

Landlords losing out

Private landlords are losing tens of thousands of pounds in rent and costs of recovery rather than employ the skills and local knowledge an accredited letting and managing agency such as Country Property.

Shamplina is a host of Channel 5’s TV show Nightmare Tenants, Slum Landlords, and on last evening’s episode he discovered what happened when one landlord decided to let her property through a listings website. 

Initially she was delighted when a young professional moved into her flat promising to look after the place. He boasted of a private education and his references showed a successful career in the City - but it didn’t take long before he stopped paying the rent. 

"We've learnt that bad tenants are more likely to target [websites] because they hope they will be subjected to fewer checks. In the future, we'd always go through an agent - although even this has no guarantee. It's the law that needs to change to make landlords less vulnerable to unscrupulous tenants” McNaught told the programme.

Shamplina says this situation is not uncommon. 

Chartered Surveyor Nick Cragg of Country Property of Chipping Sodbury observes that recent cases screened on ‘Nightmare Tenants, Slum Landlords’ have shown private landlords who persist in risking tens of thousands of pounds in rent rather than employ the skills and local knowledge an accredited letting and managing agency such as Country Property, whose charges for full management roughly equate to the cost of a latte coffee a day!

Contact Heather Holloway lettings manager on 01454 322339.