‘Landlords facing double whammy of higher materials bills and more tenants WFH’
Tenants are piling pressure on landlords to fix a multitude of minor jobs, with boiler repairs and general wear and tear maintenance on the increase as a result of the trend to work from home.
“In the last few years, we have witnessed people being more cautious and trying to reign in their spending,” director Callum Lee (main picture) at Adam Lee Property Maintenance tells LandlordZONE.
“At the same time, we’ve never been busier as tenants are spending more time working from home and noticing when things go wrong.
“They’re also very quick to point this out to landlords, while pre-Covid, they might not have been so bothered about that wobbly door handle.”
The north-west London-based property maintenance firm deals with everything from same-day small plumbing, heating and electrical jobs to major refurbs and new builds, working with landlords, estate agents and management companies.
Rising costs
“Rising labour and materials costs – sometimes by as much as 40% in the last couple of years – as well as a shortage of skilled labour are hitting home across the maintenance sector, he adds.
“It’s hard to get a workman to drive across London, to pay the congestion charge and parking, and do a small job, but this is what tenants want done.”
Despite this, many landlords are grateful they’ve got good tenants and are now often more open to agreeing to get work done, says Lee who’s currently dealing with a list of more than 70 maintenance issues pointed out by one very new tenant, of which 75% are “very picky” – but he reckons the landlord will probably agree to fix them all.
However, there will always be those who are reluctant to spend any more than they have to, and insist tradesmen should patch up a shower leak with silicon rather than spend more to investigate the problem.
“Sometimes we’ll get a call a few months later from the landlord saying the leak has come back and our work wasn’t good enough. We have to be diplomatic,” Lee adds ruefully.
©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – ‘Landlords facing double whammy of higher materials bills and more tenants WFH’ | LandlordZONE.
View Full Article: ‘Landlords facing double whammy of higher materials bills and more tenants WFH’
Post comment
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,861)
Archives
- November 2024 (52)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Why Do You Really Want to Invest in Property?
- Demand for accessible rental homes surges – LRG
- The landlord exodus is fuelling a rental crisis
- Landlords enjoy booming yields – Paragon
- Landlords: Get Your Properties Sold Fast and Cash in the Bank before the New Year!