Private landlords should be looking to ensure they take on quality tenants in the current climate, an expert has said.
According to Caroline Kavanagh, group lettings director of Badger Holdings, landlords should see getting the right type of tenant as a priority alongside making the best return possible, reports AboutProperty.co.uk.
Landlords could protect themselves against tenants vulnerable to rental arrears by using credit check and reference services before the start of tenancy agreements.
Research by the National Landlords Association in December showed that 71 per cent of landlords were expecting to encounter more difficulties related to debt on rent payments from tenants in 2009.
Ms Kavanagh commented that more landlords are becoming wary about tenants' job security amid the current economic climate.
"Landlords need to have reassurance that they are as best protected as possible,"she said.
But the property expert went on to argue that landlords should not reduce their portfolios because of the financial crisis.
"Right now applicants are seeking quality accommodation at a price that reflects the current market,"she added.
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