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Tuesday, April 24, 2012

Tenants are struggling to pay rent

"Thanks for paying the rent this month." LIKE
The number of tenants struggling to pay rent has apparently increased.

Landlords need to stay alert to tenants who struggle to look you in the eye over the coming months and check rent payments on a regular basis, hourly should be frequent enough....

According to the latest ARLA survey 41 per cent of letting agents polled said that they had seen an increase in tenants struggling to make their rental payments to landlords in the six months to March 2012, and increase of 39 per cent at the end of 2011 and 37 per cent last autumn.

It's not surprising really as personal finances are stretched and unemployment now at 8.3% remains an increasing threat.

Thank goodness for internet banking, with some landlords checking their bank details more frequently than Facebook.

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