According to LandlordZone, an online journal that provides information on managing investment properties, landlords are losing £9.9 billion in arrears and damage annually. One in five landlords in the U.K. even fear that they will be out of business within 12 months. Naturally, if a property shows signs of damage, it does not attract tenants that would look after the landlord’s investment, thus racking up the cost of maintenance. Letting agents in Chichester now advise landlords to shift their focus to a preventative property management approach.
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