Property letting tips | How to keep occupancy rates high
If you are a landlord and have property to let, one of your largest problems may be ensuring that you have minimal periods of vacancy. Even with the best properties on the market you will find that there will be times when you do not have any tenants. Keeping occupancy rates high is important to ensure that your rental income continues, and there are a few steps you can take to ensure as little vacancy as possible.
Using a lettings agent such as Charlton Grace in Basingstoke can significantly help to keep properties let. This is because your tenants have a professional company that they can inform of any problems, ensuring that repairs are made and other issues are dealt with quickly. You can also use Charlton Grace to help you set realistic rental rates that will help keep your property as full as possible throughout the years. Keeping your finger on the pulse and knowing what tenants want is also important so that your property can keep attracting attention.
Operations manager at the Association of Residential Letting Agents (ARLA), Ian Potter, said: “Void periods can cause uncertainty and affect overall rental yields. While they are a fact of life in the rented sector, there are steps landlords can take to help reduce the chance of a property being untenanted for extended periods.” He added that seeing periods without occupancy could offer landlords the chance to repair and redecorate; this is an ideal step to take if you are looking to attract new tenants.
Subscribe to our e-mail newsletter to receive updates.