Over a quarter (26%) of part-time landlords are worried about the future and considering leaving the rented sector, according to a new report from mortgage lender OSB Group.

However, while the study revealed concerns among landlords earning money from letting property in addition to a main income derived from other means, sentiment among professional landlords was found to be much higher, with 92% saying they were confident about the future.

As many as 80% of professional landlords said they either have or plan to increase the size of their portfolio, compared to just 40% of part-time landlords.

Nearly two-thirds (64%) of professional landlords also agreed or acknowledged that the sector was professionalising. A third (34%) cited improving the lives of tenants as the top benefit of this professionalism, while nearly three-quarters (72%) said they have, or will, spend more time thinking about tenant experience.

Earning potential (39%), building their own company (33%) and social causes such as providing housing for those who need it (29%) ranked among the top motivations for professional landlords. The survey also revealed the majority have either already become or plan to become LLCs (76%), hire more staff (73%) and employ external consultants (72%). Over two-thirds (68%) have already, or plan to, invest in environmental upgrades to their portfolio.

Andy Golding, group chief executive for OSB Group, commented: “The professional landlords driving change offer a great learning opportunity for the rest of the industry. Their confidence and tenant-centric approach should be something that is matched by others across the industry. However, we know there are challenges faced at every turn, including by part-time landlords, and these should not be diminished or forgotten.”