Landlords – Do you have a property to rent out before Christmas?
Christmas may seem a while away, but in the lettings market it isn’t really. To find a tenant inside two months before Christmas you should try and get your property on the market ASAP. Here’s why……
Timescale
If you have a tenant currently renting with an AST (assured shorthold tenancy) that is due to expire or a fixed periodic tenancy, they will be required to give at least 1 months notice to vacate the existing property. So it’s very important that you factor this in to the timescale when trying to find a tenant close to Christmas.
Advertising
To find the best tenant for your home, it’s vital to show it to the right people in the right places. This will result in the best monthly rental amount as well as the best tenant possible.
Here at Keys & Lee, we have a live database of tenants looking for properties in the local area plus many existing tenants that we are able to recommend.
By working with or existing tenants, we know their history and we can hand pick them to show your property which gives you the best chance of finding the correct tenant in the shortest period of time.
How do we do this?
With our bespoke software, we run a ‘Heads Up’ property alert for all registered clients. The tenants in our database fill in their specific requirements and we are able to match your property to the best tenants. This saves valuable time at the front end by contacting the most suitable tenants first which results in a shorter void period for you as the landlord.
Pricing
With most tenants wanting to be settled in a new home by Christmas, setting the correct marketing price is vital. If it’s priced too high, your home could sit on the market and be vacant throughout the entire Christmas period and a whole yearly yield could be wiped out.
Our recommendation is always to advertise your property at the current market rate and focus on finding a suitable tenant as quickly as possible. Pricing it above market value in the hope to achieve a higher rent, usually won’t work.
Marketing
Far too often we see agents using old photos and an old description from years before when the home was first rented. You may also feel that agents are simply relying on putting a few photos on Rightmove/Zoopla and hoping you get the required result.
We put as much effort into our lettings properties as we do our sales properties. High quality photos, floorplans and a walk through video will attract more enquiries which gives you more choice of tenants.
Firstly, we launch your property to our list of existing clients and registered applicants. Then we launch it on our social media platforms before finally listing it on the property websites.
This phased approach means we cover all bases to find you the right tenant in the shortest time possible. The days of throwing a few poor quality photos on Rightmove and hoping for the best, have gone.
What’s next?
If you need to find new tenants for your rental property, contact our lettings manager Charlotte Fair and we can get the ball rolling.
01708 766241