The cost-of-living crisis isn’t just affecting tenants — landlords are feeling it too.
Rising mortgage rates, higher insurance premiums, and repair costs that seem to climb every week mean every penny counts.
But responsible landlords know there are smart ways to protect their investment and support the people who call their property home.
Here are four ways to help yourself — and four ways to help your tenants — through challenging times.
Four ways to help yourself
1. Review your mortgage
If your deal is ending soon, speak with an independent broker. Even a small rate reduction can save hundreds each month. Don’t wait for your lender’s standard variable rate to kick in — plan ahead and stay proactive.
2. Stay on top of maintenance
Prevention is cheaper than a cure. A £100 gutter clean now could stop a £1,000 damp problem later. Keep a simple annual checklist and budget for routine upkeep — it keeps costs manageable and tenants happy.
3. Focus on energy efficiency
Energy upgrades like insulation, LED lighting and draught-proofing aren’t just for tenants’ comfort. They protect your property’s structure, boost EPC ratings, and make your home more attractive to future renters.
4. Keep good records
With more legislation on the horizon, tidy paperwork is gold. Log every repair, inspection and communication. It’s the simplest way to stay compliant and avoid stress if a dispute ever arises.
Four ways to help your tenants
1. Be open about rent
If a rent increase is unavoidable, explain why and give plenty of notice. Clear communication builds trust and helps reduce the risk of arrears.
2. Support energy savings
Share simple advice — like using heating timers, bleeding radiators and keeping furniture clear of radiators. Little tips can make a big difference to their bills and wellbeing.
3. Offer stability where you can
Longer tenancies mean fewer voids for you and more security for your tenants. It’s a win-win that responsible landlords increasingly embrace.
4. Respond promptly
A quick reply to repair requests shows professionalism and care. Tenants who feel respected are far more likely to stay long-term and look after your property.
Balancing fairness with success
Even in tough times, smart landlords can balance profit with fairness. Looking after your tenants often means they’ll look after your property — and that’s the kind of investment that pays off in every sense.
Trust the experts
If you’re a landlord in Thetford who wants to make your investment work harder while keeping great tenants happy, we can help.
Article by Andrew Overman | Partner | Location Location East
