One thing that discourages landlords above all else is voids – times when having an empty property, untenanted and costing them money. They are mostly inevitable –marketing time and let agreed time almost always means a time when the property is sitting empty.
Luckily, at KeyRing Lettings, our void times are very low. There are hundreds of people facing the very real prospect of homelessness. Sadly, across the country, there are too few landlords willing to let their property through a social enterprise like KeyRing Lettings, focused on keeping fees and rental prices low to serve those in need. This ever-present need for affordable homes means our properties get filled very quickly but leave many people quite literally out in the cold.
Landlords with a philanthropic streak will experience some of the lowest voids rates in the country by letting their property through us. To let your property with us and help make a difference in people’s lives, contact us or register now and get your property filled with someone who truly needs it.
So how long will it actually take to let a property? Sadly, it is not an exact science, but there are certain things that can influence how long it takes. In this article, we look at the factors that govern take up time.
Properties that are in close proximity to facilities and shops are more likely to be filled quickly. If you are currently looking to buy properties with the aim of letting them, bearing this in mind will help tremendously when the time comes to put it on the rental market.
Well-presented properties that create a homely feel as soon as the potential tenant arrives are far more likely to be let quickly. If it needs painting, paint it. If the wall is cracked, fill it. Keep kitchens and bathrooms modern and above all: clean, clean, clean!
At different times of year demand goes up and down. Putting your property on the rental market at a time when many other properties do too, means the market becomes flooded, and it is harder to find tenants.
Having too narrow criteria for your tenant can reduce the number of people available. It is, of course, your prerogative as to whether you accept DSS tenants – but in my long experience in the lettings industry, there has been only 3 ‘problem’ DSS tenants, and certainly no more than one would encounter with non-DSS tenants. Meeting your potential tenant before letting your property is a far better way to judge – and leads to far quicker letting time – than narrowing the criteria from the off.
Presenting the property at the correct market value will increase its attractiveness to tenants massively. At KeyRing Lettings we offer a free property rental valuation to all our landlords. Find out more about what we offer here.
If you are considering buying a property to let we will be happy to advise you about its suitability and give you some general advice. Contact us today or register with us here.