We all know that landlording is not one of the most revered of occupations, even for those who do it as a sideline to their day job. Politicians, journalists and used car salesperson are perhaps on a par in terms of national popularity? But funnily enough, landlords don’t appear at all in the Daily Telegraph’s list of ten least trusted professions.
According to research by the National Landlords Association (NLA) one in five landlords are too embarrassed to admit to it. The poll was carried out with almost 800 residential property investors.
The NLA’s findings show that on average 21 per cent of landlords have been too embarrassed to admit they are landlords. It seems there are more landlords in the East of England and the East Midlands that are embarrassed to admit it, compared to any other UK region, representing 29 per cent and 28 per cent respectively.
Landlords in the English regions were the least likely to feel embarrassed where the South East and Yorkshire and Humber came in on average at only 18 per cent reluctant to admit to it.
In Scotland it was even less with just 13 per cent of landlords reporting that they had been too embarrassed to admit to being a landlord – the lowest across the UK.
The NLA report cites Richard Blanco, who lets property in London and the East Midlands, as an example, as he says he hasn’t always been truthful when it comes to admitting he’s a landlord:
“Before becoming a landlord I thought long and hard about it because I had always disliked landlords as a student due to a bad experience I had over my deposit.
“These days I’m more upfront about it, but I tell people I work in property instead, because I still assume people won’t like me if tell them what I do.
“I also say that I work for the National Landlords Association (NLA) and that we campaign to improve the private rented sector, which tends to go down a bit better”.
The NLA estimate that approximately 400,000 of the UK’s 2 million landlords will avoid telling other people what they do.
The NLA, which claims to be the largest representative body for landlords in the UK, says that despite the bad press, the majority of tenants are satisfied with their current landlord and tenancy.
Richard Lambert, Chief Executive Officer at the NLA, said:
“The number of people looking to invest in property is rising all the time yet the stigma attached to being a landlord never seems to diminish.
“It’s the minority of rogues and criminal landlords that make the headlines, and this has a negative impact on everyone else.
“The majority of landlords are hardworking individuals who put their own money into providing homes for others, and they should not be ashamed to say so”.
20% of Landlords are too Embarrassed to Admit it… https://t.co/gM3GXo8b3V
— LandlordZONE (@LandlordZONE) September 12, 2016