New research by an online letting agent shows that late rent payments cause the most stress for buy-to-let landlords in the UK, with a quarter of respondents citing it as their greatest cause for concern. This was closely followed by disruptive tenants, with 20% of landlords considering them their biggest headache.
Property damage topped the stress-o-meter for 18% of landlords, while having to deal with disputes was less of a problem (13%), and dealing with evictions, lesser still (7%).
Although HMRC has announced that they are going after the undeclared income of buy-to-let landlords, of which they believe there are as many as one-million, only 1% of landlords cited tax issues as their number one cause of stress.
Looking for new tenants was also found to be of practically no cause for concern, with the sharp rise in tenants looking for rented property in 2014 making landlords’ lives easier in that respect. However, landlords are still wary of void periods, with 4% finding it a major cause of stress. But with ever more tenants looking for rented property, the stress of void periods could diminish further in 2015.