Landlords it seems are striding ahead and driving the private rented sector forward. The number of privatelandlords moving the industry onward has increased since the new-wave of tenant demand began a couple of years ago.
With more buy-to-let investors and the ‘accidental’ variety entering the market, DIYlandlords are turning to their experienced peers for services. David Thomas and his business partner Peter Richardson, both landlords, established ‘Eastside Properties’ based in Nottingham.
Frustrated with services provided by letting agents, the pair created their own lettings and property management company, as David explains:
“ Initially we were both faced with endless problems trying to find an agency that could provide services for our own properties. In the end both Peter and myself took the drastic steps of doing it for ourselves.
“Having done this for over two years, both me and Peter were repeatedly asked to help friends and colleagues out with their properties, which was how Eastside Properties was born.”
As seasoned landlords themselves, they knew instinctively the exact services and provision landlords required. Through a flexible approach to property management, their company offers both a ‘let only’ and also a full management service including floor plans and full inventories. In just over a year, the company, which has gained massive popularity and trust amongst landlords has just been awarded runner up in the ESTAS Estate Agency awards for the East Midlands region.
The Landlord to Landlord Principle
David and Peter are two of a growing number of landlords directing the private rented sector. Lorna Rose, director and creator of TenantID is another landlordwho has altered the course of the industry. Through a database, landlords and letting agents can access information on thousands of tenants, including their own views and feedback in an ethical and legal way.
A National System to accompany tenant-referencing, tenants are accredited by their rental history. Predicted to revolutionise the private rented sector, Lorna’s creation is yet another example of the ‘landlord to landlord’ principle in action.
Miles Turner, specialist for eviction guru’s ‘Turner and Howard’ is a further example, paving the way for other landlords with his simple ‘click and evict’ software. With over 30 years experience of addressing eviction procedures, Miles devised a simple and cost effective solution for fellow landlords to immediately print out correct and legal notice’s 8 and 21.
In the ‘lettingsphere’ of housing, emphasis is being placed more-and-more on private landlords as the sector grows at a faster pace than ever before. An unprecedented occurrence caused by lack of mortgages, economical downturn and severe shortage of accommodation has thrown the sector right into the spotlight. For the innovative and the entrepreneurial, the possibilities are endless. As industry movers and shakers, the future of tomorrows housing needs is placed in their hands.