Want to know how to let your property fast?
Whether you are a new landlord looking for your first tenant or in a void period between tenants, if you want to let your property fast it to avoid gaps in your income finding the right tenant is crucial.
Get your ducks in a row
Before you can complete any lease agreement with a prospective tenant there are some things that you need to have in place. Getting these arranged before you market your property is a good idea to avoid any delays. You need to ensure that you have:
- An Energy Performance Certificate (EPC);
- Gas Safety Certificate (if your property has any gas appliances)
- Complete electrical safety checks.
- An appropriate landlord insurance policy
You’ll also need to make sure that you are legally allowed to lease your property and secure permission from your mortgage provider if necessary.
If you aren’t using an agent to manage the lease paperwork, then you should also ensure that you are familiar with the Tenancy Deposit Scheme and arrange for a suitable tenancy agreement template to be drawn up. Lastly, establish how you will credit check and obtain references for your prospective tenants.
Find out more about your responsibilities as a landlord here.
Do your homework
One of the biggest reasons that a property doesn’t move quickly on the market is down to price. Having realistic expectations of the potential income for your home is important even before you start marketing it. You can easily arrange for a couple of valuations to establish the guide rental price as well as do some research of your own. Just remember that because other three bedroom houses in the Thames Valley command a price of £1500 pcm doesn’t mean that yours will. Compare the local area as well as additional features such as gardens, garage, number of reception rooms and access to local facilities. A recently refurbished home with modern appliances will be able to secure greater rental returns than one which requires significant improvements. Rentals that include furniture and/or white goods might be priced differently to unfurnished properties.
So, establishing a competitive price for your home whilst ensuring that you realise the maximum benefit is an essential first step to letting your property fast.
Best foot forward
Even before your marketing has started to work in getting interested parties lined up for viewings you should ensure that your property is looking its best.
Take the opportunity to boost the ‘kerb appeal’ by tidying up any land/garden to the front of the property. Moving the bins, trimming the hedge or cleaning the windows can all help.
If you have vacant possession, then make sure the property is clean and tidy. You might want to consider freshening up any paintwork or replacing tired carpets. For those landlords who have tenants in situ whilst trying to get new tenants lined up then seeing to any outstanding maintenance issues will also help.
If you are renting a furnished property, then take some time to consider the suitability of what you are including. That old fashioned, dark wood dining table might be one of your favourite pieces of furniture but if you are trying to let to a young professional couple, would a replacement table from Ikea make the room bigger and brighter?
Image is everything…
In the digital age, visual marketing has surpassed traditional written content when it comes to creating interest in a property. There is no excuse for listings not to include as many good quality images in the details even if a property is unfurnished or in need of some modernisation. The difference between amateur and professionally taken photographs can make a huge difference with the latter knowing how best to highlight character features, accentuate space and to create an inviting atmosphere.
Get a good range of photographs of all of the main rooms, some external shots as well as the features of the property and make sure they are of a good quality. If you feel confident, you can take your own photos of the property but hiring a professional is recommended.
…but don’t forget the power of words
As the saying goes, ‘Words are free but it’s how you use them that may cost you’.
If images work to get the attention of prospective tenants, then it’s the description that will convert that interest to a viewing. Property descriptions needs to be accurate and concise whilst using persuasive language to encourage people to take the next step. There is a subtle skill in striking the right balance in how to promote your property. Get it right and you can have your choice of tenant; get it wrong and your property might spend more time on the market than you’d like.
Actions speak louder than words
When it comes to converting an interested party into an actual tenant, the key is in what you do not just in what you say. From initially arranging a viewing to showing prospective tenants around the property, following up after a viewing to organising the lease it is important to be professional, flexible and organised; anything less can risk losing a good tenant or delaying a lease. Your chosen agent should be able to help you ensure that you comply with all of the regulations including ‘The Furniture & Furnishings Regulations 1988’ or sourcing an Energy Performance Certificate (EPC).
Let Your Property Fast with Property Assistant
Here at Property Assistant, we take a proactive approach to finding tenants for our clients. We understand the importance of marketing your property to make sure your home stands out from the crowd and know what it takes to match the right tenants with the right home. Our extensive local knowledge means we are well placed to provide a fully rounded service from start to finish. If you want to know more about how we can help you let your property fast, then contact us on 0118 912 2370.