I have recently spoken to a few letting agents and even the odd landlord. Whilst I think most of the risks they face are similar to those for a lot of other businesses, I thought it worthwhile listing the main areas they need to be concerned with. If any of you want to go into these in more detail, please get in touch.
Risk Management for Landlords
Property Risks
Fire, Storm, Theft, Accidental Damage, Malicious Damage
NB Empty Property Risks
Public Liability Risks
Landlord and Tenant
Complaints by tenants and complaints about tenants
General Third Party (Negligence)
Disability and other discrimination
Claims Procedures
Maintenance records, complaints records, photos
Cyber Risk, Data Protection
Backups, IT Security, Housekeeping, Tenancy agreements
Financial Risks
Rent levels, Collection Arrangements, Accounts, Tax
Controlling costs. cash flow