Ep 145 - Be a better landlord – 5 tips that will save you money with Julie Ford

Julie Ford, an expert in property and tenancy law, joins me to shed light on the transformative Renters' Rights Bill. We address the implications of this legislative change, particularly the transition away from assured shorthold tenancies and the concerns landlords face regarding property possession.

While these changes may initially seem daunting, Julie sees them as a chance to modernise practices and enhance the renting landscape.

We also discuss how the bill could affect rent collection and landlord income, highlighting the importance of staying informed as the bill is still in draft form.

As we navigate the evolving rental market, the critical role of tenant referencing comes to the forefront. Julie shares insights on conducting thorough affordability checks and consulting resources like the rental price index to anticipate rent increases.

We also address the emotional challenges landlords encounter, such as balancing business decisions with tenant affordability, using real-life scenarios to illustrate these complexities.

Communication is key in managing successful landlord-tenant relationships. We explore strategies for fostering open and empathetic communication, emphasising the human aspect of these interactions. 

From effective debt management to supporting tenants during financial distress, we discuss the value of education and support systems in promoting financial resilience. 

Listen out for my upcoming property investment course designed to equip you with the knowledge to succeed in this dynamic industry.

Stay connected for more insights and updates!

--------- EPISODE CHAPTERS ---------

(0:00:10) - Renters Rights Bill

(0:13:51) - Tenant Referencing and Rent Increases

(0:22:58) - Effective Communication in Landlord-Tenant Relationships

(0:30:49) - Effective Landlord-Tenant Communication and Support

(0:41:29) - Deposits and Guaranteed Rent Scheme

Connect with Julie

Website: www.gothardrowe.com 

Instagram: @gothard_rowe

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https://youtu.be/CHlY06ezTcM

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Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?

Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?

https://scorecard.vickiwusche.com/

The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Browse Books by Vicki:

Using Other People’s Money: How to invest in property 4th edition 

Make More Money from Property: From investor thinking to a business mindset 2nd Edition 

Property for the Next Generation: Securing your future in uncertain times 2nd Edition 

The New Estate: Insights from the 22nd century 

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style 

Or read the following Ebooks on VickiWusche.com: 

9 Critical Property Principles 

The De-Job Yourself Manual: Break your reliance on a monthly wage 

The Values Manual: Understand what your values are and how they can be key to a successful business  

The Goal Setting Manual: Create meaningful and practical goals then achieve them