Some landlords rent exclusively to tenants who are receiving housing benefit – others would never dream of going anywhere near that market. So who’s got it right?
We received a voicemail from a listener this week about this very subject, so we decided to dive deep into the issue in this episode. We looked into:
- What exactly LHA is, and how it’s calculated
- The benefits of renting to tenants on benefits
- An advanced-level way of maximising your income from this market
- The drawbacks: why some landlords would rather avoid it
- The big-picture overview of how you should look at the benefits market in your investment strategy
Take a listen to the episode and see what you think!
Resource of the week
When you look at rental properties on Rightmove or Zoopla, most listings will say “no DSS” – which means tenants receiving LHA rarely bother looking there, and agents therefore lose a powerful sales channel.
Aki and Arsh Ellahi spotted this, and set up DSSmove.co.uk – a portal solely for properties that are open to housing benefits tenants.
Rob D interviewed the founder way back in the first episode of The Property Geek Podcast, and it’s grown enormously since then. If you do rent to the LHA market, this site should be on your radar.
News this week
The average house price in the UK is now around £186,000, so the Daily Mail looked at what that will buy you in different parts of the country.
It won’t surprise you to learn that your only option in London is a Del Boy-style tower block, whereas in Wales you can get a beautiful cottage…but it’s a lot of fun to look all the same.
This week’s mentions
This week we mentioned Rob D’s book, Beyond The Bricks, as a few of his interviewees dealt largely or exclusively with the housing benefit market.
And perhaps more importantly, we updated you with Rob B’s results on last week’s resource, Photofeeler: and yes, apparently this screenshot is genuine…
We also reminded you that we have a thread in The Property Hub for your episode suggestions – so if you have a topic you’d like us to cover, please let us know.
Or even better, leave us a voicemail!
Join the conversation!
Do you rent to tenants who receive LHA – and if so, what attracts you to this market?
If not, is there any specific factor that puts you off?
We’d love to know, so join the discussion in The Property Hub!
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