Keep Your Rental Property Earning All Year Round

Know Your Market and Price Smartly

The quickest way to fill a vacancy is to make sure your rent is competitive. Research similar properties in your area and compare their features, condition, and location. Pricing slightly below the competition can attract more interest and secure a tenant sooner, reducing the financial impact of an empty property.

Present Your Property at Its Best

First impressions matter. Fresh paint, clean carpets, and well-maintained fixtures can make your property stand out in listings and viewings. A small investment in presentation often pays off in shorter gaps between tenancies – and it can even justify a higher rent in the long run.

Market Proactively Before the Tenancy Ends

Don’t wait until your current tenant moves out to start marketing. If you know the property will become available, arrange professional photography and begin advertising several weeks in advance. This way, you can line up viewings and potentially have a new tenant ready to move in immediately after the old one leaves.

Offer Flexible Tenancy Terms

A strict 12-month fixed term doesn’t suit every renter. Offering flexibility such as 6-month terms or break clauses can open your property to a wider tenant pool. Sometimes a small adjustment in terms can be the difference between a two-week gap and a two-month one.

Maintain Good Relationships with Current Tenants

Happy tenants are more likely to renew. Regularly check in, address repairs promptly, and treat your tenants with respect. Even if they do move out, they may recommend your property to friends or family, providing you with a ready-made next tenant.

Minimising void periods is about being proactive rather than reactive. By knowing your market, presenting your property well, and building strong tenant relationships, you can keep your property occupied and your rental income steady throughout the year.

Contact us today for expert advice on reducing void periods and maintaining steady rental income.