There are also calls at the moment for more laws to protect tenants. One of the most common called for is longer fixed-term tenancies. What lots of people don't seem to realise is that many landlords would love that because it's expensive to look for new tenants and deal with vacancies - but tenants generally don't. Surveys have shown that tenants typically do not want to be locked into a property for a long time.
Landlords do have it tough from time to time too. It's not uncommon to hear from landlords who've been left with trashed houses and unpaid rent.
It's also important to note that not everyone can or wants to buy a house. Some people have to rent and if we make it too difficult for people to provide those rental properties, the houses that are available to them will become more and more expensive.
If you are a landlord, it is a great idea to get a professional to manage your investment property for you. The savings in using a good property manager can be substantial.
- Jeremy Tauri is an associate at Plus Chartered Accountants