A new survey published in the Independent by specialist lender Together has found that many UK landlords are facing financial setbacks due to common mistakes in property investment and management. The poll of 1,000 landlords, conducted by Censuswide, highlights the top regrets that have hurt profitability:

🔧 Property Management Errors:

• 19% overspent on renovations that didn’t increase value or rent.

• 18% underestimated the wear and tear caused by tenants.

• 16% miscalculated maintenance and ongoing expenses.

• 11% regretted not asking for larger deposits.

• 9% found allowing pets to be a costly decision.

📈 Investment Strategy Mistakes:

• 16% either sold too early or held onto properties too long.

• 16% took on too many properties, overextending themselves.

• 15% chose poor locations with low returns.

• 15% lacked a financial buffer or adequate insurance.

• 13% took on too much debt.

⚠️ Oversights:

• 14% didn’t invest in energy efficiency.

• 14% were unprepared for changes in regulations and tax.

Expert Insight:

Ryan Etchells, Chief Commercial Officer at Together, stressed the importance of research, location selection, energy standards, and financial planning, urging landlords to be better prepared to navigate the evolving rental landscape.

💡 Takeaway: Many landlords could avoid costly pitfalls by planning more strategically, budgeting realistically, and keeping up with regulations and tenant needs.