2010 is looking bleak according to the latest press release from ARLA.They say that 2009 was a tough year. Not for me. Touch wood I've been fully let and with historic lows on interest rates my rental profits have never been so good.
Ssssshh - don't tell the taxman!
With over supply of rental properties because of the accidental landlord reducing and rental demand remaining high my feeling is that the outlook for landlords is not so bleak.
ARLA are also worried about increasing repossessions in the buy-to-let sector, but as far as I can see as long as interest rates remain low, cashflow is good so financial pressure on most landlords should be minimal providing you can avoid the curse of the void!
What may be spooking them more is that many landlords are figuring that letting their property and managing them is not such a big deal and therefore doesn't warrant shelling out 10-15% of your rental income on employing a letting agent.
This is not so good for their letting agent members business; but that doesn't mean life as a landlord can't be good in 2010.
Specialist landlord insurance
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