Following the recent NLA property investing conference held at the weekend, the Government stated that they were committed to not bringing forward knee-jerk legislation that would hamper the growth of the sector but, instead would target the rogue operators which give responsible landlords a bad name.
Given the criticism that has been levelled at this government over the HMO licencing requirements, tenancy deposit protection, energy performance certificates and now possible licencing of all landlords, it seems at last that the government is recognizing that the industry has been a “great tool to help house the people of this country”.
The Minister speaking, Iain Wright, also re-affirmed what most of my readers already know “the people who suffer the most from burdensome regulation are reputable landlords.”. Their new focus for legislation is to target rogue operators rather than hamper growth.
Picture courtesy of National Landlords Association Limited.
Also speaking at the conference, Dr Julie Rugg spoke about the need for landlords to view what they do as a business and not purely as an investment vehicle.  Property investing has often been touted as the quick route to riches with many large companies claiming that you can make millions in a short space of time.Â
Whilst its certainly true that property investing can be very lucrative, I agree wholeheartedly with Dr Rugg that property investing needs to have some controls and understanding around it to ensure people treat this as a proper business.