Landlords must professionalise to prosper in future, says TV pundit

Landlords need to professionalise and strategise to prosper in the private rented sector going forward, according to Paul Shamplina, founder of Landlord Action and TV property pundit.

Speaking to the National Residential Landlords Association (NRLA), Shamplina said: “I believe the PRS is going to be a more professional environment going forward and landlords will need to strategise; see their lettings as a business, with themselves as providers and their tenants as customers.”

Shamplina also raised concerns about a potential landlord exodus because of issues with supply and affordability, calling on the government to provide a more stable environment for property investors.

In addition, he questioned whether courts will be able to cope when legislation is brought forward to abolish section 21 evictions, and warned of more challenges ahead for landlords.

Shamplina, who will be addressing the NRLA Landlord Conference at Birmingham NEC on 6th November, said: “As well as announcing the new Renter’s Rights Bill, the King’s Speech also confirmed plans to devolve powers and continue to strengthen the powers of metro mayors, which could mean more challenges for landlords.

“The biggest fear I am seeing can be summed up in two words… rent caps. Personally, I don’t think these are likely to be introduced, but we can’t be certain.”