I’m worried about the rise in living that my tenants can’t pay rent
Everyone is talking about the rise in the cost of living. Your petrol is not lasting you long enough, food prices have increased and don’t get
me started on electricity! You are not alone; everyone should be concerned
Will the Government put in rent holidays for tenants?
What many landlords are not talking about enough is the impact this will have on tenants. Unlike COVID, where there were rent holidays,
no such schemes are being announced by the Government. With a third of tenants living in poverty (JRF foundation) this will be a massive
blow. So let’s break that down. Many people living in poverty do not have the luxury of looking ahead. They are living day to day.
No imagine what happens when their bills go up, but their salary/benefits aren’t? What happens then?
Something always gives, and chances are they will get in touch with the landlord/ letting agents to discuss rental payments.
How can I help my tenants if they can’t pay rent?
First of all, please do talk to your tenants. We at My Landlord Cares LTD (ethical letting agency) have these discussions as part of our intensive 6-month introduction
programme. We get to know our tenants, we understand what they are having issues with, and we link them up with local schools, community groups
and neighbours. This means they build up good relationships with us. We have discussions about affordability with them, and if we identify
issues, we are able to refer them to statutory agencies.
One of our tenants Miro, says ‘Badrul from My Landlord Cares helped me to understand what will happen in terms of my bills. I never thought
it would be this bad. We spoke about ways to save electricity (I like the house warm!).’
This means we are aware of issues before they become problems, and we can work around them. We can work out a plan with landlords and everyone
is aware of what is happening.
Isn’t it better to be proactive than reactive?
To find out more about how we can help, drop us a message