Landlords urged to use letting agents when sourcing tenants

The founder of Landlord Action Paul Shamplina has moved to advise landlords to use accredited letting agents when looking for tenants for their buy-to-let property.

Mr Shamplina, host of Channel 5 show Nightmare Tenants, Slum Landlords, has told landlords to stay away from the cheap option of advertising for tenants on websites.

Advice

Last night’s programme uncovered the case of a landlord who had let to a tenant through a listings website. The young professional taking up occupancy promised to take care of the accommodation and his references seemed to boast a successful career in London.

However, it wasn’t long before he stopped paying his rent.

Mr Shamplina called the renter, ‘a serial bad tenant,’ who had, ‘been evicted previously after running up costs of £30,000 in unpaid rent and stolen furniture from an overseas landlord.’[1]

Landlords urged to use letting agents when sourcing tenants

Landlords urged to use letting agents when sourcing tenants

Shamplina went on to observe that this case is not uncommon and said it should serve as a warning to landlords using free websites to advertise their rental property.

‘We’ve come across many similar cases in the past where we see serial bad tenants prey on less experienced landlords who let their properties on consumer websites. Unfortunately, the majority of these landlords are deceived by well educated con artists. With absolutely nothing in place to safeguard landlords, they find themselves in all sorts of trouble,’ he concluded.[1]

Remember that it is very important to protect your investment with rent guarantee insurance. Ask yourself-What would you do if your tenants stopped paying their rent? Get protection today!

[1] https://www.lettingagenttoday.co.uk/breaking-news/2017/3/landlords-told-use-letting-agents-dont-rely-on-gumtree

 

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