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Thanks for posting this John.There is a related discussion here:1 in 4 landlords to exit due to Section 24
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
That sounds a bit bad until you realise NLA are saying 80% of existing landlords intend to retain or expand portfolios.
(Official NLA Press Release)
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I know I was at my Local NLA meeting and none out of the 60 who attended are buying
we had a show of hands on that topic
I think 80% are just waiting to see what happens
It was a very sombre meeting
Learn Change and Adapt ?????
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This is all born out of a NLA survey. My guess is they asked the 856 landlords if they are to:Sell / Hold / Buy
It would be interesting to see the split.Unfortunetly I can not find NLA Quarterly Landlord Panel – Q3 2017 anywhere on the website so im guessing its not public.
I think sombre sums up the attitude of many existing LL.
It is a case of very much hold the fort and consider reducing business size or getting out altogether
All a bit gloomy currently for the normal LL and this before you even factor in the prospects of a Labour Govt..
A truly horrifying prospect
We had a landlord event last year hosted by the council and it was the same landords for good reason feel challenged and I un wanted the mood is changing the more landlords learn more
I think you put your finger on the matter.
Many LL do not know what they should and need to know.
I believe as they gradually learn more then there might be substantial changes in the PRS which will tend to vastly exacerbate the homelessness crisis.
There is no optimism out there for the bog standard LL.
Only those LL such as yourself that are prepared to consider other more inventive strategies will manage.
Your bog standard LL faces extermination.
The vast majority are currently unaware of what will be happening to them.
This is a great shame for all parties.
Ignorance in general in the PRS doesn't assist any of those involved in it.
This needs to be changed; by State mandate if required.
I have attended landlord meetings over many years and never found them to be an upbeat, excitable lot.
No surprise in this.
LETS MAKE HOMES by treating landlords as partners, tenants as customers & every property as our own."