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Tuesday, September 22, 2009

Many landlords are now worth less than they started

As property prices are forecast to slip back down over the coming years many landlords who have started up within the past 5 to 6 years are looking at break even or a loss in the capital values of their property investments.

This is teamed with sometimes negative rental profits and the cost of wear and tear on their refurbished properties.

The cold truth is that all the hard work and toil involved with property management, the maintenance, meeting tenants and paper work etc. All this hassle, could be for nothing, and for some landlords it will of cost them money.

'Living the dream.....?'

Stay with it, but it could be a long slog before the good times return for many landlords.

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