As a landlord, your goal is to attract high-quality tenants in order to keep your rental property occupied and minimise void periods.
Having a large number of prospective tenants fighting over your rental property is never a bad thing, as this way you can be pickier when it comes to selecting the right ones.
Although, in order for this to happen, you will need the demand there in the first place – something which is in part aided by the current rental market conditions.
At the moment, rental demand is stronger than ever, with economists claiming that by 2015, half of 18-39 year-olds will be part of the Private Rented Sector (PRS) and this trend certainly works in the favour of landlords.
However, if your current tenants are approaching the end of their tenancy and you’re looking for new tenants to take their place, there are certain things which you can do to maximise your chances of finding the right replacements.
Revisit your marketing strategy
Spring is a time when many tenants will be looking for new property to rent, so it’s crucial that your rental property is seen by the right people.
Firstly, you must ensure that it’s on the top property portals as many tenants – especially younger ones – are likely to start their search on these websites.
Once your property is listed, it needs to attract the attention of would-be suitors. Brilliant photographs have the ability to entice to a potential renter, so ensure these are professional and of a high-quality.
Ensuring your property receives maximum exposure is the job of a local agent such as Letting Solutions and we’re here to ensure that the influx of potential tenants viewing your property remains sustained and reliable.
Spruce up you garden
With spring fast-approaching, there has never been a better time to start getting your garden in order. The colder months can be unkind to outside spaces, especially this winter where thunderstorms and high winds have played havoc with many people’s homes.
Most tenants, especially those with children, will welcome a garden, but not one which is in a sorry state. So, if you’re a landlord looking to attract new tenants, we strongly recommend culling any weeds, mowing the lawn and planting some fresh shrubbery. These spring improvements will help prospective tenants to envisage spending time in the garden.
Don’t neglect the front garden, either, as this is one of the first things a tenant will see when approaching your property – in a competitive market you can’t afford to turn-off a potential renter before they walk through the front door.
Don’t ignore property maintenance
After having tenants for a long period of time, some landlords can get complacent when it comes to completing repairs.
However, if you’re looking to attract a fresh batch of renters, then it’s crucial you give your property some love and attention. This will help those viewing your property to gauge how highly you value the home and how receptive you may be to future repairs.
In a well-maintained property, the bare minimum is that all light bulbs, switches and appliances will be in working order. And if you want to get some brownie points with renters, ensuring that the property is as energy efficient as possible will also go down well.
Here at Letting Solutions, West Lothian’s first dedicated letting agency, we can advise on anything from maintenance tips, photography and or the pricing of your property, and anything in between.
Alternatively, you can discover how much rent you could generate from your property with our free online rental valuation tool.