KICKSTARTING 2025: ESSENTIAL TIPS FOR A SUCCESSFUL LETTING YEAR

The start of a new year is the perfect time for landlords and letting agents to get organised and set the tone for a successful year ahead. Whether you’re a seasoned landlord or a letting agent looking to grow your portfolio, a bit of preparation now can make all the difference. Here, the Tenancy Deposit Scheme offers some essential tips to get your 2025 off to a flying start!

1. Review and update your tenancy agreements

Make sure your tenancy agreements are fully up to date. Has a tenant recently moved in or out? Were there any changes or details that should have been added but weren’t? Staying on top of the tenancy agreement and latest legal requirements is essential for avoiding disputes and ensuring compliance. Take a moment to review and update your agreements now—doing so can save you unnecessary headaches and potential disputes down the road.

2. Embrace energy efficiency

With increasing emphasis on energy efficiency in the private rented sector, now is a good time to assess your properties. Start small with fixes like sealing window and door drafts or upgrading loft insulation. If you’re ready to go bigger, think about installing energy-saving devices. Not only will you meet minimum standards, but you’ll also attract eco-conscious tenants who appreciate the effort.

3. Strengthen tenant relationships

A little communication goes a long way. Start the year by checking in with your tenants—see how they’re doing, address any concerns, and show them you’re committed to keeping their home safe and comfortable. Happy tenants are more likely to stick around, resolve problems amicably, and advise you of any issues at the property quicker, making your life easier in the long run.

4. Prepare for regulation changes

With reforms like the Renters’ Reform Bill and EPC requirements potentially on the horizon, it’s crucial to stay informed. Keeping up with industry news will help you avoid surprises and keep your operations running smoothly. You can register for our newsletter, or follow us on Linkedin to keep up to date with industry announcements.

5. Build a strong network

Whether it’s a reliable plumber, a knowledgeable builder, or a trusted property manager, having a dependable network in place is invaluable. These professionals are your go-to team when unexpected challenges arise. A burst pipe or an urgent repair request can quickly spiral without the right support. Building strong relationships with contractors and industry experts ensures you’re prepared for anything, minimising stress and keeping your properties running smoothly.

6. Reflect on 2024

Take a step back and reflect on 2024. What worked well? What could have gone better? Maybe you faced unexpected maintenance issues, struggled with tenant turnover, or had a standout success with a new property or process. Look at the numbers, tenant feedback, and even your own experiences—what stood out? Were there any surprises, good or bad? These insights are incredibly valuable for shaping your approach in 2025.

Don’t forget that the Tenancy Deposit Scheme is here to help every step of the way. From expert guidance on deposit protection to tools that streamline your processes, we’re committed to making your life easier. Let’s work together to make 2025 your most successful year yet!

Happy letting in 2025!