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Voices from the Sector - Landlords

Voices from the Sector - Landlords. Douglas Haig Director for Wales Residential Landlords Association. Who am I?. Moved to Cardiff in 2001 – became a landlord Set-up a property management company 2007 Became Chair of the Cardiff Landlord Forum 2008

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Voices from the Sector - Landlords

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  1. Voices from the Sector - Landlords Douglas Haig Director for Wales Residential Landlords Association

  2. Who am I? • Moved to Cardiff in 2001 – became a landlord • Set-up a property management company 2007 • Became Chair of the Cardiff Landlord Forum 2008 • Director for Wales for the Residential Landlords Association 2011

  3. What is the RLA? • One of the largest professional bodies representing landlords in the UK, arguably the largest in Wales. • Not for Profit Organisation • Representing over 16,000 landlords in England and Wales • 6000 landlords in Scotland with SAL • Representing over 150,000 properties. • Split into policy and member services • We believe in having a low regulated but professional sector. • Won the ‘Association of the Year’ at the Landlord and Letting Awards 3 years running. • As a membership organisation we grew 15% this year.

  4. Landlord Vs .Tenant • They both feel the underdog. • They both feel powerless to do anything. • They both feel like they can’t do anything without being criticised by the other side. • They both feel the system is completely unjust. • And they both feel that they are under-represented.

  5. What do we know about Landlords? • There are about 80,000 landlords in Wales • There are about 185,000 PRS properties in Wales • 2.3 properties per landlord • 78% of landlords own just one property • Just 8% are full time landlords • 22% have let property for three years or less • 21% earned no income from their property at all • Average portfolio size for an RLA landlords is 8 properties

  6. More Myth Busters • Satisfaction rating for PRS is 85.7% compared with 81.2% social (2011 – 2012). • 9% of tenancies are terminated by the landlord. • We want longer term rentals! • Shelter’s long term tenancy proposal is not balanced • 6 month moratorium

  7. Data • Fully support the notion of an equivalent Welsh Housing Survey. • Some legislation is being made on the hoof. • It would give a more balanced perspective and allow targeted legislation as opposed to broad stroke approach. • Cost of such a survey would be recuperated through more effective and cheaper legislation.

  8. Homes for Wales and Renting Homes • WALLS! • Agents not Landlords • Support accreditation – help LL’s stand out from the rest • Fully support many of the proposals within the Renting Homes proposals • Could be done cheaper • Retaliatory Eviction

  9. A PRS Tenant Body for Wales? • Broadly support the notion • Maybe PRS tenants are just happier? • We would welcome greater engagement from tenants – hold each other to account. • Similar model to landlord bodies? • Tenant education and accreditation • Standardised complaints procedure • 5% of the market • This will not be funded by landlords

  10. Future Working • A pro-forma for engagement welcomed between PRS landlords and Shelter or local authority. • Working together on areas of agreement • Powerful argument when both sides join

  11. Thank you for listening! E-mail: dhaig@rla.org.uk Tel: 0845 666 5000 Web: www.rla.org.uk Twitter: @Douglas_Haig @TheLandlordMan

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