One of the biggest worries for landlords is the dreaded void period – those weeks (or sometimes months) when your property sits empty, earning nothing but still costing you money. The good news? With some forward planning, you can reduce the risk of gaps between tenancies and keep your rental income flowing.
Here are some practical tips:
1. Look After Your Tenants
The easiest way to avoid a void is to keep the tenants you already have. Simple things like dealing with repairs quickly, being fair with rent increases, and maintaining good communication go a long way in encouraging tenants to stay longer.
2. Plan Ahead Before Tenants Leave
If tenants do decide to move on, start advertising the property as soon as you receive notice. Don’t wait until the last week – good marketing takes time to reach the right audience.
3. Be Flexible With Viewings
Make it as easy as possible for potential tenants to see the property. Evening or weekend viewings can help secure the right tenant faster.
4. Price It Right
An overpriced property is one of the main reasons rentals sit empty. Research the local market (or ask your letting agent) to make sure your asking rent is competitive.
5. Keep the Property Presentable
A clean, well-maintained property will always attract tenants more quickly. Fresh paint, tidy gardens, and modern fixtures make a huge difference when marketing.
Final Thought
Void periods are part of being a landlord, but with the right approach, you can keep them short. Remember: happy tenants stay longer, and well-presented, fairly priced homes rent faster.
If you’d like tailored advice on reducing voids in your rental property, we’re here to help.
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