🕵️♂️ Is That Long-Term Tenant Costing You More Than You Think?
A reliable tenant is every landlord’s dream, right? Rent comes in, there are no complaints, and you rarely hear from them. But here’s the problem: what if that long-term tenant — the one who’s “no bother” — is quietly costing you thousands?
📉 The Comfort Trap: When ‘No News’ Isn’t Good News
If you haven’t reviewed your rent in years because “they’re good tenants” — you could be significantly undercharging.
Meanwhile, local rents have crept up. And your overheads? They definitely have.
Let’s say the going rate for your property has risen by £150 a month over the last few years.
That’s £1,800 a year — lost.
Multiply that over 3 or 4 years and you’ve effectively given away the cost of a new boiler… or a bathroom upgrade… or a holiday.
🛠️ What Else Might Be Slipping?
✅ Maintenance issues left unreported
✅ Compliance certificates going unchecked
✅ Insurance policies based on outdated tenancy terms
✅ Property value quietly diminishing through unnoticed wear and tear
Just because the tenant isn’t complaining, doesn’t mean there’s nothing wrong.
In fact, many long-term tenants don’t report minor issues — until they become big ones.
🧾 The Legal Risk Few Landlords Talk About
Do you still have the original tenancy agreement on file?
If it’s over 5 years old, chances are it’s not in line with current regulations. Deposit protection? Gas checks? Right to rent?
The longer it’s been since your last formal review, the more you’re at risk — without even knowing it.
🤝 How to Turn It Around
At Nicholsons, we work with landlords across Retford and Bassetlaw who’ve found themselves in this very situation.
They thought “no news was good news” — until we uncovered:
- Under-market rents
- Gaps in safety compliance
- Small maintenance issues quietly getting worse
With a simple property check-in and review, they were able to bring everything up to scratch — and unlock more value from their rental.
📣 Don’t Let Familiarity Cost You
If your tenant’s been in place for a while, now’s the time to take stock.
We offer a free landlord review, no pressure, no pushy sales — just honest advice on:
✅ Market rent
✅ Condition & compliance
✅ Options if you want to stay hands-off, but fully protected
📞 Get in touch with Nicholsons today.
Your tenant might be quiet — but your property still needs managing.
