One of the key factors affecting buy to let properties and landlords in Peterborough are void periods. These are times when the property has no tenants. Therefore, there is no money coming in for the landlord. Instead, the landlord is covering the costs until a new tenant is found. These costs could include things like mortgage repayments, maintenance, insurance, taxes and more.
No Peterborough landlord wants to see their property empty. However, the last thing you want to do is rush into grabbing a new tenant. You need to take your time to complete checks and references to ensure they are the right tenant for your property. Completing these checks at the beginning will help create more productive tenant / landlord relationships going forward.
There are ways that you can avoid and minimise void periods though. As a landlord, if you attract and retain good tenants then this will minimise void periods. There are lots of ways that you can do this. For example, you could be a good landlord. While this sounds really simple it’s not something to be underestimated. If you are friendly, helpful and cooperative then your tenants will be more likely to stay longer. They will also be more likely to take better care of your property.
There are some things that landlords do that make tenants unhappy. By avoiding these, you can keep tenants happy. In turn, they will stay in your property longer. Avoid dropping by unannounced and always respond to communications promptly. Make sure you deal with any issues as they arise. This is especially the case for maintenance for example.
By charging a reasonable rent for the home and the location, you will attract the right tenants. It’s important to have a well-maintained property too. This will be attractive to tenants, and it will be less time-consuming for you going forward. If the property looks clean, tidy and well maintained, it will not be void for very long. This is exactly what renters in Peterborough are looking for from their next home.
When your rented property in Peterborough is managed by the team here at AGT Property Management and Lettings, you can rest assure that your property will be well cared for. We will help minimise void periods for your home. All the hard work and stress of managing your property will be taken away too. We offer different levels of property management for your rented property. Why not call us now to find out how we can help you manage your rental property in Peterborough?
