Landlord Insurance Headlines
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A rise in demand for rental properties has created a "new investment opportunity" for first-time landlords looking to get landlords insurance and finally reap the benefits of this booming market, according to one of the leading organisations in the industry. This month (March 1st), figures from the Association of Residential Letting Agents (ARLA) found that a huge 55 per cent of lettings agents believes that demand for rental property now outstrips supply. Still, the organisation was keen to underline how letting out a property is both a "complicated and daunting process". Ian Potter, operations manager at ARLA, said: "Investing in a buy-to-let property has always been an attractive opportunity, and the high demand for rented property means there are a growing number of first time landlords in the market. "Making sure that your investment pays off takes hard work and commitment, but can be rewarding in the long term. If you're a first time landlord, it's crucial that you look for a licensed local agent to promote your property, and potentially also manage it." The organisation explained that people must be sure to do their research and ensure they find properties that are in demand across the area, comparing rents throughout the process and taking any points of difference into account.