Landlords need to professionalise to prepare for the future

Landlords need to professionalise if they are to flourish, says Paul Shamplina, TV star and founder of Landlord Action, who will be addressing the NRLA Landlord Conference this autumn.

Paul, who has decades of experience in the industry, says landlords need to view their rentals as a business, and has called for greater clarity on what changes we’re set to see in the coming years.

With the Landlord Conference now less than four months away, we spoke to Paul – who will be a panellist at the 6 November’s event – about what changes are potentially in store for landlords post-election.

He said landlords need stability and direction if the Government wants to avoid an exodus from the sector when the Renters’s Rights Bill is brought forward and section 21 abolished. Much like the NRLA, he has concerns about how the courts will be able to cope in the future and the impact of landlords leaving the sector on supply and affordability.

He said: “I believe the PRS is going to be a more professional environment going forward and landlords will need to strategise; see their lettings as a business, with themselves as providers and their tenants as customers.

“As well as announcing the new Renter’s Rights Bill, the King’s Speech also confirmed plans to devolve powers and continue to strengthen the powers of Metro Mayors, which could mean more challenges for landlords.

“The biggest fear I am seeing can be summed up in two words … rent caps. Personally I don’t think it these are likely to be introduced, but we can’t be certain and it’s something we will undoubtedly be talking about on the day.

“I’m looking forward to this year’s conference and hope to see you all there on 6 November.”

• Tickets for the NRLA Conference 2024, which will be held at Birmingham’s NEC are now on sale. Featuring a keynote speech from former Dragon’s Den star James Caan, the event will welcome experts from across the industry to discuss all the issues affecting you and your businesses as well as a networking lunch. Doors open at 8.15am for a 9am start with the day set to end shortly after 5pm. For more information and to buy tickets click here.