Helping our landlords navigate the changing regulations

Being a landlord in Bristol is a rewarding way to secure your income while providing quality housing for tenants. However, according to a recent survey, 24% of landlords feel overwhelmed keeping up with changing regulations. Southville and South Bristol have now joined Clifton as part of the Landlords Licensing Scheme in Bristol.

The main reasons landlords felt this way included finding the rules confusing and a lack of access to legal advice. For example, 16% didn’t know about licencing scheme changes, 12% were unaware of the new requirements for smoke and carbon monoxide alarms, and 10% had missed the news regarding proposals for minimum EPC standards. *

Keeping up-to-date with every announcement and making the necessary changes to your properties can feel like a full-time job. This has a knock-on effect on landlords’ mental health, with over half of those surveyed admitting they’d taken time off work.

So, what’s the easiest way to enjoy the benefits of being a landlord without the stress?

Other than carrying out time-consuming research, reading trade publications, and enlisting the advice of a lawyer, the survey showed that almost a third have a letting agent to help. 20% also believe employing a managing agent would make life easier. *

It’s certainly true that working in partnership with a trusted local agent can help you simplify the process of letting your property, especially if you manage a portfolio.

Whatever your situation and long-term plans, we’re here to help. Contact us HERE to learn more about our services and arrange a lettings valuation.