Landlords' day jobs revealed

AFS Team·30 August 2018·4 min read

Landlords' day jobs revealed

Landlords' day jobs revealed

The most common day jobs for landlords have been revealed by researchers with office admin roles taking top spot.

While many landlords will not have their property investment as their main source of income, the sheer range of jobs highlights that landlords come from many different walks of life.

The findings from MakeUrMove, an online letting agent, also found that just 5% of landlords have five properties or more.

In addition, two in three landlords have a normal job and are renting out a property to help boost their income.

The survey also reveals that 18% of landlords entered the profession because they wanted to start a property business.

Also, 16% of landlords inherited a property and 22% say they became landlords because of unplanned circumstances, including being unable to sell the property or breaking up with a partner.

More than half of landlords own just one property

The research also highlights that more than half of landlords own just one property, so very few are earning a big income from a property portfolio.

The managing director of the agency, Alexandra Morris, said: "The figures show what British landlords look like and the reality is that multi-property wealthy landlords are quite rare.

"Most landlords are working in regular jobs and they are ordinary people who rent out a property to save for their retirement or supplement their income."

She added that landlords are working as taxi drivers, social workers, electricians and hairdressers and want to maintain a stress-free and healthy relationship with their tenants.

A separate survey has highlighted that 46% of property investors are women.

The research from estate agency Ludlow Thompson is based on government figures to reveal there are 1.1 million women landlords in the country.

Stephen Ludlow said: "While men are attracted by getting rich quick investments, women prefer more grounded and lower risk investments such as property."

Landlords should cater for tenant demand

Meanwhile, the comparison website GoCompare says landlords should appreciate their tenant's needs more in order to fill the gap between what they want and what landlords offer.

Their survey highlights that just 14% of landlords are offering unfurnished properties, while 60% of prospective tenants say they want an unfurnished rental property.

There's also a big difference when looking at the location of property with 23% of tenants wanting their home to be close to a school, with just 15% of landlords stating this in their property description.