How to Save Money During the Energy Bills Crisis

A practical and informative episode where Mark gives invaluable tips on what you can do to save money during the energy crisis. Mark also gives his long-term view on the impact of the cost-of-living crisis on the housing market. KEY TAKEAWAYS  Since 2019 business energy rates are set to go up 800%! Putting solar on buildings is a way to save money, payback for solar now is only around 2 ½ years because of the cost of energy Individual room heating controls, particularly in HMO’s can save landlords a significant amount Heating controls, the right ones, combined with solar can save you around 30% Bleed your radiators to ensure they are working efficiently. Move furniture away from radiators to increase better heat flow. Fix any draughts around doors, windows etc Close your curtains, it can reduce heat loss by up to 17% Bulk cook, if you are heating your oven, cook multiple items and meals to utilise the energy being used. Keeping your fridge clean and ventilated as well as defrosting your freezer will help them be more energy efficient Submit regular energy readings and pay by direct debit as this reduces the cost of your bill. Consider excluding energy bills for future tenancies or find other ways to encourage tenants to be more responsible with energy usage. There are fewer landlords in the sector now, and rents are increasing as a reflection. BEST MOMENTS   “Residents are going to be paying just a little bit more than they are playing at the moment” “They think inflation is going to hit 22% next year, which is absolutely nuts” “Don’t charge your phone overnight and look at energy ratings on anything you buy” “We’re trying to encourage tenants to be more responsible with their energy usage” “You need to stay ahead of it, of the changes and work out how you are going to react” VALUABLE RESOURCES  https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD   Email: [email protected] LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive  ‘Brought to you by Progressive Media’: https://progressivemedia.uk/