A brave time to become a landlord? Itâ€™s easy with The House Crowd
Statistics outlined this week suggest worrying times ahead if you have made a property investment and become a private landlord. It has been reported that the number of tenants in severe financial difficulty climbed by over 10% in the first quarter of 2012, with almost 9,000 more tenants 2 months in arrears than in the last quarter of 2011.
However, it is not all doom and gloom, as despite these increases, tenancies in severe arrears represented less than 3% of all properties in the private rental sector in England and Wales in the first quarter of 2012.
Still, as we all continue to tackle the ever-tightening purse strings, we property investment entrepreneurs atÂ www.http://thehousecrowd.com/thehousecrowd/Â are confident that not only can we weather this storm, knowing that our investment is safe from tenancy issues such as these, as we can adapt and actually turn a profit whatever the property market conditions!