Is the government’s assumption correct that all landlords are lazy rogues?
With new legislation regularly being debated and put into practice to stop rogue landlords and letting agents, LRS would like to ask the question:
- Is the government’s assumption correct that all landlords are lazy rogues?
With the introduction of a number of new laws, e.g. :
- The introduction of fee exposure,
- Deposit Scheme Legislation,
- Eviction Laws,
- The Immigration Bill, etc
these are all obviously geared towards stopping dishonest and lazy landlords from ripping off tenants.
In our experience at LRS, over the past 3 years of being in business, we have come to the realization that landlords will do anything to save money where they can.
WHAT’S THE MOST IMPORTANT THING TO A LANDLORD? ; HIS RENT!
So then we ask the question:
WHY WOULD A LANDLORD TAKE ANOTHER LANDLORDS BAD TENANT TO SAVE A TENNER?
The only answer that we can deduce is that landlords can be a very frugal bunch..! This is not necessarily a bad thing, as they need to do things to save money where they can.
The LRS system was free until September 2013 of this year, but unfortunately like every company we have staff and overheads which need to be paid for (especially with a manually controlled database, that holds the most bad tenants in the UK) and therefore we had to introduce an activation fee of £10, which includes 2 lifestyle references. With the added advantage of showing a landlord interacting with his fellows to protect us all in the future.
Letting agents are expected to show their professionalism and compliance by joining ARLA/NALS/etc yet landlords are not expected to join LRS in order to show that they are not taking bad tenants on.
A tenant that doesn’t pay the rent is the biggest scourge to a landlord, and we have tried to make it as easy as possible for everyone to use.
LRS has also been saying, for a long time, that the next piece of legislation to be introduced will be rent caps; so that landlords cannot charge “exorbitant” rents OR even what a tenant is prepared to pay, it is what the government thinks what the tenant should pay.
So what do we predict next? Will landlords be held responsible for bad tenants if they do not reference properly? Could we be looking at mandatory referencing checks in the future?
This week we see the launch of our F.A.I.R referencing system which will offer a basic, identity and lifestyle reference for just £5.99+VAT partnered with Equifax.
OR a detailed report of up to 9 linked addresses for £9.99+VAT.
OR the continual offering of our unique lifestyle references which if you interact, upload and recommend new members becomes almost free.
It is a simple fact that you will not be able to find a cheaper and more comprehensive referencing system in the UK than at Landlord Referencing Services.
So why not show that you are a caring landlord today?
Join the UK’s largest community of landlords and letting agents and pro-actively protect yourself from bad tenants, which in turn protects your existing tenants from disruptive and anti-social neighbours.