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It can either be farmed "in hand" or let to tenants, sometimes on tenancies that can last for generations.
Their problem has been that mortgage lenders typically refuse to allow buy-to-let investors to rent out properties on tenancies longer than a year.
Under Smith's scheme, people under 30 will rent a home at full market rates on tenancies of between five and eight years.
HomeLet, which bases its figures on tenancies it has reference-checked for landlords, said UK rents rose 4.9% in 2015 to an average of £739 a month.
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Other rules allow tenants to sue their landlords over unreasonable conditions on tenancy.
The charity hopes that a tightening in the law on tenancy deposit schemes, which comes into force later this year, will help.
– Rachael Tiffen is head of the counterfraud centre at the Chartered Institute of Public Finance and Accountancy Stoke developed its own anti-fraud awareness campaign Stop the Cheater (complete with an image of a cheetah) and concentrated on tenancy, benefits, and blue badge fraud.
They sound as radical on tenancy agreements as they did on energy pricing last autumn.
Rules on tenancy agreements would also be changed to give more certainty to tenants wanting to remain in their properties for an extended period.
They should also take steps to boost both the willingness of landlords to let to homeless people and the confidence of homeless people to take on a tenancy.
Goetschius took on the tenancy of the top-floor flat, and was joined there a few months later by the playwright Donald Howarth.
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