Property investors living in the Milton Keynes area have the chance to get first hand information from experts in the rental sector on Monday July 16th.
That is the date for the next meeting of the local branch of the National Landlords Association (NLA) to which all private landlords in the area have been offered an open invitation. The meeting will be addressed by the NLA’s Head of Regions, Ken Staunton, who will assess the latest regulations coming from Brussels and Westminster and the impact they could have on landlords and their tenants.
Landlords will also be given advice on monetary matters by Lin Fisher from the Trading Standards Illegal Money Lending team. She will be explaining the importance of having close contact with ones tenants and how it can minimise the chances of rent collection problems and thus, in turn, reduce the need for a landlord insurance policy to actually have to intervene. Of course a landlord insurance policy is a necessity for all landlords however!
The theme was chosen by Mr Staunton when discussing how he will chair the meeting. He said: “If tenants are experiencing financial strains, we strongly advise them to discuss these with their landlords as early as possible and not resort to using alternative means of finance. Maintaining good communication channels makes it more likely that the landlord and tenant will come to an agreement as to how they can work together to ensure an enduring tenancy. It is important to note that landlords will often prefer to negotiate a more amicable solution before a tenant runs into rent arrears, rather than pursue costly and time consuming court proceedings. Professional landlords favour good, sustainable tenancies over short lived tenancies that result in periods in which their property will lie vacant. Therefore it is in the landlord’s best interest to help their tenant through tough financial times where possible.”
The meeting will open at 6.30 pm at the Abbey Hill Golf Club and offers free entry to all private landlords and letting agents.