Master the Art of Landlording in 2025 by Heather Hilder on January 27, 2025 Master the Art of Landlording in 2025 How to be a successful landlord in 2025 The year 2024 wasn’t an easy one landlords. There may be some trepidation about what 2025 will bring. But although the market is changing, rental demand remains high which means that there are still opportunities for landlords to be successful in 2025. Below are some top tips to help your business thrive in order to master the art of ‘landlording’. Pay attention to costs and budgets For landlords, one of the biggest impacts on the rental sector has been increased costs. From property maintenance to mortgage costs, prices have increased across the board. Rent prices have risen to help combat this, also driven higher by a lack of supply. But landlords need to be aware that tenants have their own affordability challenges. Realistic pricing, as well as careful budgeting of your buy-to-let business, will continue to be important in 2025. Carefully assess your tenants’ ability to pay to ensure you don’t take on any who could fall into rental arrears. Prepare for regulatory change One of the biggest changes in the market – as well as a major cause of landlords leaving the private rented sector – has been the potential impact of regulatory change. The Renters’ Rights Bill is the biggest influence since it will reshape how tenancies are handled and scrap Section 21 no-fault evictions. But it also aims to overhaul other areas of tenancies too – giving increased rights for tenants to have pets, ending rental bidding and prohibiting rental discrimination, for example. Go above and beyond for tenants The changes within the Renters’ Rights Bill are geared towards improving standards for tenants. Measures include the application of the Decent Homes Standard to the private rented sector. This will improve the quality of homes available to rent. Good landlords won’t wait for the legislation and instead will prioritise an improvement in standards to make their properties even more attractive to tenants. React to changing demands Landlords will also be responsible for improving the energy efficiency of their properties as part of legislative change. Consumer demand for improved energy efficiency is already high, however. Consumers know it will help them save cash and reduce their impact on the environment. Being shown to be interested in and investing in energy efficiency will help you prepare for change as well as attract more eco-conscious tenants in the meantime. Be communicative If you’re a little unsure of what 2025 brings, your tenants are likely to also be wondering what might happen. They may be concerned about their landlords becoming twitchy about changes in the market. Fostering good, open relations with your tenants will be more important than ever in 2025 as the sector evolves. Encourage regular communication with tenants so that you know quickly if they have a problem or are considering moving on. Callaways Estate Agents is here to support landlords along the South Coast, including Falmer, Worthing, and Brighton & Hove. Contact us today to learn how we can help you adapt to new regulations and safeguard your investment. Reach out now for expert advice!
