As landlords remain the media’s favourite scapegoats, Richard Blanco and his guests discuss how landlords and investors can conduct their business ethically.
Joining Richard on the panel is Susan Aktemel, founder of Glasgow based Homes For Good, landlord MaryAnn Richmond-Coggan who created Green Farm Kent, and Ed Fowkes, Development Director of Prosperity Capital Partners.
How does one become an ethical landlord or investor?
There is a perceived risk in letting to tenants on a housing benefit. Does being ethical mean having to let to these tenants or can you still let to those on higher incomes?
There are also increasing costs involved in being a landlord, with increased taxation and fewer incentives. Is the cost of being ethical prohibitive to running a profitable business?
The social enterprise movement
Landlords and letting agents aren’t usually associated with being ethical and are often vilified by the media for being greedy. But the social enterprise movement has been around for a long time now. So why isn’t this more common and could it help change the perception of landlords and letting agents?
What’s the difference between being a decent landlord and an ethical one?
We all know that being a decent landlord makes good business sense and the majority of landlords do this already. What more do they need to do to become ethical and how hard is it?
At the moment, being an ethical landlord is a niche segment of the PRS and development industry. What can those who are already ethical do to encourage others to do the same?
The role of trade associations
Most trade associations, such as the NLA, have accreditation schemes where landlords are required to keep up their professional development by attending meetings and/or training courses. Currently, being a decent landlord is encouraged, but being ethical isn’t really mentioned. Should trade bodies be doing more to educate and encourage ethical business models?