Problem Solved: How To Handle Rising Energy Bills

Mark Winship is joined by Andrea Carrington, to talk about skyrocketing energy bills, how the new cost of them could directly impact your property investing strategy, and how you can best mitigate them in order to keep your cashflow on an even keel. KEY TAKEAWAYS As landlords, we should always try to mitigate the costs of energy in our properties, and always try to keep on top of costs and expenses where possible. Putting rents up to counter the effects of energy rises is a reasonable solution, so long as we don't overdo it. We must remember that our tenants are also on budgets. Our first port of call should be communication with the tenants. We must have a dialogue about the ways in which we can save money by cutting unnecessary costs, and help them to understand why it matters.  BEST MOMENTS 'Energy efficiency is more important than ever' 'We're in the mix with everyone else, trying to figure this out' 'This is unprecedented and it impacts on everybody'  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem  ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark’s background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/