Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Letting Agents' Role Grows as Landlords Face Making Tax Digital Challenges
A new survey indicates that some landlords are considering leaving the rental market because of the administrative and compliance pressures from Making Tax Digital (MTD). According to Letting Agent Today, a PropTech firm has highlighted this as an opportunity for letting agents to play a larger role.
The Landlord Studio study cited in the report claims that 22% of landlords have thought about exiting the sector due to MTD requirements. The article suggests that these changes could increase demand for letting agents' services as landlords seek support with compliance.
Source: Letting Agent Today