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Tuesday, October 07, 2014

Landlords find it all very stressful

It seems being a landlord is more stressful than many people expected.

A recent survey found a quarter of private landlords had found letting out property to be more stressful than they'd expected. 

According to a survey by the UK Landlord Tax  rent payments were the number one source of sleepless nights, followed by maintenance and repairs, then worries about tax. 

"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.," said Simon Thandi, director at UK Landlord Tax.

Despite these concerns and the fact that over half of the landlords surveyed didn’t expect to make any money over the next year, most still had no plans to sell up.

It seems that landlords are prepared for the long haul in the hope of a comfortable and relaxed retirement, however stressful it might be getting there.

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