Landlords urged to set rents realistically

News Category: Industry News

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Landlords have been urged to be realistic about the rent they expect to receive from their property.

Andrew Berry, managing director of haart residential lettings, issued the call for landlords to set their rents lower in response to a glut of accommodation for rent coming onto the market.

He advised: "Letting agents are seeing more and more desirable rental properties coming on to the market at the moment which means there is a bigger choice for tenants and competition is becoming tougher.

"It is therefore very important that the rents landlords demand are competitive and realistic and we are always happy to advise them on what rental income they can expect to achieve."

The surge in accommodation on lettings agents' books has been fuelled in part by the downturn in the property market, which has meant that would-be sellers are opting instead to rent their property until stability returns to the sector.

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