The National Landlords Association has revealed that one on four landlords cannot afford tenants to miss a months rental payment. Landlords have such a tight budget that a single months rent arrears can cause them difficulties.
The NLA highly recommends that all landlords budget accordingly incase a tenant does default, they continue to add that carrying out the correct checks to minimise the risk of defaulting tenants should be at the top of the checklist.
Here at Martin and Co Southampton City we conduct indepth credit, employer and previous landlord checks to help the landlord minimise their risk. Although we cannot foresee such incidences such as job losses we can help reduce the risk with products such as rent guarantee.
For more information on renting your property in Southampton then give Martin and Co Southampton City a call on 02380 988881 for a no obligation chat.