A new survey has been released that has bad news for people who rent from landlords that own one or two properties. It shows that landlords that own one or two properties are twice as likely to sell their property and leave the rental market altogether. According to Greycoat, 24.47 percent of the landlords who own one or two properties plan to sell the property and leave the rental market. 

Greycoat adds more. 12.16 percent of the landlords who own ten or more properties are planning to sell properties and leave the rental business altogether. In addition to this, landlords that own ten or more properties are almost three times as likely to buy more properties than landlords who own one or two properties. 

Greycoat shares more information concerning these trends. 13.51 percent of the landlords who own ten or more properties plan to buy a property more. 5.53 percent of those who own one or two properties plan to buy more. 

If a landlord is not set up as a rental business, that landlord is twice as likely to sell their properties and stop renting entirely. Greycoat says that twice as many landlords who rent property that was once listed as their address intend to stop renting the property. 

This is all bad news for renters who are renting from a landlord who owns two or less properties. Greycoat finally informs that that’s especially true if the landlord is not set up as a rental business and the landlord once used that property as an address that they lived at.