Would you agree?
Research by UK Landlord Tax has suggested that being a landlord in the UK is becoming increasingly stressful, with over half of landlords using their annual holidays to sort out issues. A quarter of Landlords surveyed found being a landlord more stressful than originally anticipated and over two thirds were more stressed than a year ago.
Contributing factors adding to landlord stress levels include late rent payments (58%), funding property maintenance and repairs (40%), tax concerns (38%), void periods (no tenants in your property – 35%) and not enough time to juggle issues at the property with work (28%).
Simon Thandi, director at UK Landlord Tax added ‘following the dramatic increase in landlords in the UK it’s not surprising that they are becoming more stressed. Letting properties is a serious business and with the number of so-called ‘accidental landlords’ increasing significantly it’s no surprise that landlords are feeling the pressure.’
At Intercounty we can help offer specialist advice on most areas of being a landlord and have different levels of managed services to suit your needs. If you would like to discuss your current situation with us then get in touch with one of your local branches or call 01279 713750, we will be happy to help.