In recent times there has been some scepticism surrounding the private rental sector, with some buy-to-let landlords jumping ship as well as others reluctant to dip their toes in the water. But, in today’s climate, being a landlord is as safe as houses, perhaps more so than ever.
First of all, this notion is often overlooked, but it rings true:
Without the private rental sector, a notable proportion of the UK wouldn’t have anywhere to live as the government has failed to provide an ample amount of affordable housing. So, without the option to rent decent homes from private landlords, the housing crisis would be far worse than it is now.
Another key element to consider is the fact that in the current climate, property still makes an attractive investment relative to bonds, which are now deemed as too risky - especially when you consider the recent cryptocurrency crash. Property remains a safe, secure and beneficial long-term investment, and if you're thinking about becoming a landlord, the demand is there.
At present, the demand for property is far greater than the supply, meaning there is a huge amount of people yearning for a quality home to rent; all you have to do is offer them a somewhere safe to call home and you stand to enjoy the bright and prosperous financial future you deserve.
If you're a budding Stoke-on-Trent landlord, it gets even better. Stoke-on-Trent is one of the safest bets around as the property is cheaper than most parts of the country, but rents are comparable to most parts of the country, meaning rental yields are strong. And with all of the cultural initiatives that are currently taking place around The Potteries, yields and opportunities are only going to get stronger.
The bottom line: Landlords are an essential part of Britain’s housing ecosystem, and if you're thinking about becoming one, the time is now.
If you're looking for tailored lettings advice or a local property manager you can trust, please do get in touch and we'll be happy to guide you through the process.