The latest research from Simple Landlords Insurance has revealed that women now account for two in five landlords and use property to top up their monthly income.
Data analysis of tens of thousands of landlords revealed than 40% of landlords are women. By comparison, only 17% of SME owners are women, demonstrating how property is moving towards equality at a faster pace than other industries.
A poll of over 400 landlords showed how male and female investors have different goals for their investments. 63% of female landlords said using rent for monthly income was their long-term business goal, as opposed to long term capital growth, compared with 53% of men.
The findings, together with real life examples and practical advice for female landlords from the Female Property Alliance, are published in the Women in Property Report 2017 www.simplelandlordsinsurance.com/women-in-property-report
It charts how women have successfully grown from accidental landlords to full time portfolio investors and used property investment to gain financial independence.
They include the story of Bindar Dosanjh, who built a multi-million pound portfolio after she became a single mother and she had to rent rooms to pay the bills and survive.
Bindar Dosanjh, a multiple award-winning landlord, property mentor and founder of the Female Property Alliance, said: For me, investing in property was about having the freedom to make choices about my life.
Women cannot take our health, our relationships, our careers, or our families for granted. I have made plenty of mistakes along the way but have been able to fall back on property income when I lost my job in the 2008 recession and again when I became seriously ill and was unable to work. I say to my students you dont have to be passionate about property but you need to be passionate about your life.