Date Published 19 November 2013
Four in ten landlords earn such slim margins from their rental income that just one missed payment by a tenant can cause serious difficulties.
The finding emerges in a survey by the National Landlords Association.
Carolyn Uphill, chairman of the NLA, said: `Landlords operate within a business environment and it`s essential that they budget accordingly.
`We recommend budgeting for ten months` rent in any 12-month period to allow for missed rental payments and voids.
`It`s also essential that landlords carry out checks on potential tenants to minimise their risk of non-payment.`