Having a property to let means that you’re always on the lookout for tenants. Leaving the property empty will cause you to lose out on rental income.
Ideally, you want somebody who’s planning on living in your property long term, as this means that you don’t have to be constantly searching for tenants month to month.
To ensure your property is no longer empty, here are five quick tips to finding tenants fast.
Having good photos of your property can help you attract a tenant fast. As a rough guide, you should take around five to eight photos of your property, ensuring that the kitchen, sitting room, bathroom(s), bedroom(s) and outside areas are properly photographed.
Here are some tips to help you take that perfect photo:
Tenants want to know if your property has all the space they need. Allowing prospective tenants to see the layout of the property before they come to view it ensures that they won’t be surprised and will prevent them from wasting your time.
The description of your property should be detailed and clear. It’s a good idea to include things that are not shown in photos but which you feel prospective tenants should know about your property.
Break down your description into bullet points, which are easier to read, and include:
Do some research to find out how much people are charging for properties that are similar to your own. Use this information to set a rental price that’s competitive, which will help you find tenants quickly. You want to charge enough so that you’re making a healthy income but not too much that nobody is interested in what you have to offer.
If you need a new tenant as soon as possible, think about allowing smokers or those with pets to rent out your property. You can ask them for a higher deposit or negotiate a higher rent if you’re concerned about them damaging your property with their pet and/or smoking.
As well as this, you should also think about opening your property to other types of tenants such as students or those who claim housing benefit. Many students receive loans from the government to help them with rental payments. Similarly, people who claim housing benefit receive a monthly housing allowance, which ensures that they’ll be able to pay you rent every month.
These top tips will hopefully help you in filling your property fast. Romain Coleman offers a Property+Plus service and works with landlord’s best interests in mind. Our Property+Plus service provides comprehensive support and advice for landlords as and when they need it, helping you to make the most out of your property.