There was a time when landlords were mostly men. Today, however, the situation is very different. Research carried out by a leading landlord insurer shows that 40% of all landlords are female. This is in stark contrast to the number of female business owners, with only 17% of SMEs owned by women. So are women more likely to become landlords rather than business owners?
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Women More Likely to be Accidental Landlords
The investigation found that many women enter the property market when they move in with a partner. Instead of selling up or leaving their former home empty, they rent it out to earn an income. 63% of female landlords quizzed in the study said their primary goal was to make an extra income. Men are more likely to become landlords as a deliberate investment strategy. 61% of male landlords said they had bought a buy to let property with a view to making money.
Target Tenants
Men and woman also have different policies about the type of tenant they want to attract. Men, it seems, are a lot pickier. Where female landlords are willing to let to a diverse range of people, men are not. 35% of women don’t mind taking on benefits tenants, students, older people or singles, whereas only 25% of male landlords are so accommodating.
The stereotypical landlord from 20 years ago no longer exists. Modern landlords are just as likely to be women and many women are choosing to secure their financial independence via property investment.
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