There’s been a long-held narrative that tenants and landlords are constantly at war, but it turns out that the majority of tenants in England are satisfied with their accommodation.
Research from the English Housing Survey (EHS)for 2019/20 shows that over 80% are satisfied with their accommodation according to the data.
What did the survey reveal?
Data from the EHS for 2019/20 reports 83% of private renters are satisfied with their current accommodation. In another plus for landlords, this figure has remained constant over the past ten years showing that popular opinion isn’t representative of how tenants actually feel.
When delving further into the study’s data, high percentages of contentment remain across various scenarios and different living situations. According to the figures, 75% of private renters were satisfied with the way their landlords carried out repairs and maintenance.
The research also suggests positive relationships between landlords and tenants, as 85% of tenants were satisfied where services were provided by their landlord.
The survey’s findings mean good news for landlords as happy tenants can increase the chances of long-term stays and possibly create mutually beneficial tenancies. Longer-term tenancies mean more stable income, better yields and a better return on investment.
Do landlords need letting agents?
Although the survey shows that most tenants are happy with their landlords and living arrangements, landlords can still benefit from working with a letting agent. According to the study’s research, 79% of private renters were satisfied with services provided by a letting agent from the first contact to the day they moved into the property.
It’s up to landlords whether they choose to do it on their own, but a letting agent can make a landlord’s life a lot easier. With a raft of new regulations coming in for landlords to adhere to, a reputable lettings agent like Kings Lettings can help landlords stay on top of things.
A good letting agent will help landlords with marketing their property and occupying it with good, reliable tenants, to reduce the chances of potentially damaging void period.
Here at Kings, we will market your rental home on all the main property portals such as Zoopla and Rightmove as well as advertising on our website.
Working with a letting agent also ensures that landlords get paid their rent as letting agents will chase up your rent for you and this adds an extra level of security as the tenant doesn’t have your bank details.
Letting agents like us will also carry out a comprehensive reference, employment, current landlord and credit check so landlords can be assured their tenants are of good character and likely to pay the rent on time.
Tasks such as marketing your property and conducting reference checks can be time-consuming, so it can be beneficial for a landlord to work with a letting agent instead.
Other services letting agents will provide for landlords include repairs and maintenance, property inspections, notice processing, property inventory, rent collection and deposit dispute handling.
You need to work with an experienced, reputable letting agent. Here at Kings Letting, we can help you to remain compliant and get the most from your tenancies.
For more information on how we can assist you on your letting journey, please contact one of our branches in Essex, London or Hertfordshire today. We also offer a free and instant online valuation to give you an idea of how much your home could be worth on the current market/how much you could be charging in rent.
