Is It Worth Being A Landlord In 2022?

April 22, 2022

If you’re looking for a career change and you want to delve deeper into the property market, you may be toying with the idea of becoming a dedicated landlord.

Even if you don’t wish to quit the day job but want a little extra income on the side, if you’re a property owner then becoming a landlord and renting out your home can be a quick way to top up your salary.

But what is there to consider when it comes to being a landlord?

In this article, we explore the different elements this entails, and whether being a landlord in 2022 is worth it.

Is your property right for the rental market?

Before you drop everything to put your home up to let, you should first do some thorough research to find out if your property is suitable for the rental market. This may include several things, but one of the main points to consider is the location of your home. There are some areas that are high in demand for the UK rental market, and some which aren’t. If your home is predominantly situated in a buyers’ market, you may struggle to find anyone to let your property. Be sure to do your research before making any decisions.

Set realistic expectations

Some people are under the illusion that renting out property is an easy “get rich quick” scheme that requires little to no work. Sadly, we’re here to inform you that this isn’t the case. Becoming a landlord requires time, patience, and dedication. You have to remember you’re dealing with people’s lives, and things can go wrong within your property at any time which your tenant may need your assistance with. You have to be agile and willing to put in the work to become a successful landlord in 2022.

Use an estate agent

If you like the sound of financial benefits of letting your property, but you simply don’t have the time to manage any tenants yourself, there is a silver lining. You could hire a professional estate agent to do the work for you. They’ll act as a middle man and the main point of contact between you and your tenant, providing everything from admin support to in-house maintenance solutions.

Know your responsibilities

Familiarise yourself with the responsibilities of a landlord before diving straight in. This will give you a realistic idea of exactly what will be expected of you. From dealing with repair work to managing a difficult tenant – and everything in between. There are also official landlord laws and regulations you may need to research and become accustomed to beforehand.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

How to Pick the Ideal Utilities for your Business

Sorting out utilities might not be the most exciting part of running a business, but it is one of those things that quietly affects everything else. Whether it is your electricity, gas, water or internet, these services keep your business moving day to day. Getting them right can help you stay in control of costs…
Read More →
Letting Agent Talk

Advice for London landlords and tenants ahead of the Renters’ Rights Act implementation

Phase one of the Renters’ Rights Act (RRA) comes into force on 1 May 2026, and with it brings about the most significant overhaul of the private rental sector in a generation. While the Act will see new responsibilities introduced, it will also offer an opportunity for landlords to strengthen their practices with a clear…
Read More →
Estate Agent Talk

Budget-friendly ways to boost your chances of a successful spring house sale

With many households feeling the pressure of changing global economic conditions, tighter finances, and the high costs associated with moving, such as Stamp Duty, legal fees and removals, selling a home can currently feel like challenge. At the same time, spring traditionally brings a surge in buyer activity. Longer days and better weather tend to encourage more viewings,…
Read More →
Letting Agent Talk

Expert Reacts To Renters’ Rights Act Ahead of Changes This Week

The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More →
Breaking News

52% of buyers are cash purchasers – and they’re ready to move

New research from LRG reveals that sellers entering the spring market are meeting an unusually large pool of cash-ready buyers, many of whom aren’t constrained by affordability, but by a lack of suitable homes. According to LRG’s Spring 2026 Sales Report, based on a survey of 307 buyers and sellers across England and Wales, more than…
Read More →
for sale sign london
Breaking News

Landlords sell up as Renters’ Rights prove final straw

Leading Kent and London law firm Thackray Williams have had a wave of last-minute instructions from landlords looking to sell their portfolios ahead of the Renters’ Rights Act coming into force this Friday. The litigation team has been instructed to seek possession by landlords wishing to sell their entire buy-to-let portfolios, as well as last-minute…
Read More →