For a landlord, an empty property means missing out on rental income. There are various ways to avoid this.
In this post, Romain Coleman details five quick tips to find tenants fast.
To prevent your property from remaining empty, here are five quick tips to find tenants fast.
Good quality photos are essential when attracting tenants. As this is the first impression they may be receiving, it is a good idea to make them as professional as possible. We advise taking around five to eight photos of your property, ensuring that the kitchen, sitting room, bathroom(s), bedroom(s) and outside areas are adequately photographed.
Here are some tips to help you take that perfect photo:
Tenants will want to know if your property has the space they need. Allowing prospective tenants to see the layout of the property before they come to view it will give them a rough idea of the space. It will also ensure that their or your time isn’t wasted.
The description of your property should be detailed and clear. You should include details that aren’t evident from the photos, focusing on what prospective tenants should know about your property. We don’t believe there’s such thing as too much information.
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 benefits. 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 should be able to pay the rent every month.
Following these tips should mean you find tenants fast. If you require further support and advice regarding your rental property, contact Romain Coleman. Our Property+Plus service provides advice to landlords as and when they need it.
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