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Behavior of Landlords on the Private Rental Housing

  • Korea Real Estate Review
  • 2012, 22(3), pp.159-186
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

현무준 1,  방경식 1,  YoungKi Moon 1

1강원대학교

Accredited

ABSTRACT

The purpose of this research was to evaluate the behavior of private rental housing landlords, how they have the feasibility, continuity and willingness to register on the rental housing business. This research was based on survey analysis. The data were collected from the questionnaire that indicates the status of rental housing market in Korea and which also includes issues of private rental housing landlords behavior in the course of doing business. Frequency analysis, factor analysis, chi-square test and SEM (structural equation modeling) were used to analyze the data. In the results of this research, landlords on the private rental housing market prefer monthly rent which supports liquidity. Safe collection of rent fee and improving profitability through tax incentives motivate willingness to participate in the rental business and registration. Over 74% of the landlords of the registered group would maintain the status quo and about 39% of the non-registered group were to register in the rental business. This research offers two alternatives to improve the registration of landlords on the private rental housing market. 1) It is strongly suggested to provide tax incentives for registered landlords, 2) System that guarantees safe collection of monthly rent fee should be supplement.

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