Who Are The Next Generation of Portfolio Landlords?

The latest information from Dataloft shows an interesting shift in aspirational portfolio landlords. Numbers indicate that though the average age of a portfolio landlord is late 30s, many younger people, between 25 to 34, are also beginning to grow.

Here at Northwood Northampton, there is a noticeable shift as new legislation brings in a new age of Landlords with their own aspirations and plans.

Residential property has long been the investment choice for many in the UK, but as original buy-to-let landlords near retirement, a new generation must step up to meet the future demand for rental homes.

• The average age of an 'aspirational portfolio landlord' (landlords with between one and three properties who expressed a desire to growth their portfolios) is 37.8, with the highest proportion aged between 25 and 34 (35%).

  
  

• Family and friends with an existing property business were a key motivator for 43% of next-generation portfolio landlords to become landlords, followed by a desire to create long-term rental income.

  
  

• With a well-documented supply shortage, 60% are investing in property because of the long-term demand for rental homes.

  
  

  Source: Dataloft by PriceHubble, Paragon Bank

With ever-growing void periods and increases to costs, many portfolio Landlords are looking for methods to keep cost consistent across all of their properties.

That's where services like Northwood Northampton's Guaranteed Rent come in

What is Guaranteed Rent in Northampton?

If you’re a landlord looking for a fixed rental income, paid each and every month without all of the normal stresses involved in letting out a property, then you have come to the right place. Our service is genuine Guaranteed Rent and not an insurance policy, we take on all the risk of the tenancy, so you don’t have to.*

1. A guaranteed annual rental income on time, every month

2. You still get paid even if the property is empty

3. You get paid even if the rent is late or isn’t paid at all

4. No set up fees, monthly commissions or hidden extras

5. We deal with all the tenant’s queries, questions and complaints

6. A guaranteed contract start date – no worrying about how long it will take to find a tenant

7. If ever needed, we cover the court costs & the eviction process

8. Regular property inspections and maintenance management

9. Internal condition guaranteed, subject to fair wear and tear, up to one and half months’ rent

10. Coverage of void period utility bills

    *T's&C's apply