New private landlords have been advised on how to set the correct rent levels for the properties they are marketing.

With a number of industry commentators, such as Gumtree.com and the Association of Residential Letting Agents, indicating that an increasing number of individuals are joining the rental market, it could be welcome guidance for many.

According to email4property.co.uk’s landlord advice, property owners need to be realistic when it comes to setting a rental price.

“Take the [letting] agent’s advice on what is an achievable rent and look at local newspapers and property websites to see what else is available and at what price,” the website stated.

It also suggested that there is a current oversupply of rental property in the UK, which may mean that private landlords have to accept a reduced rent. However, the site added that “a competitive price will reduce the voids”.