It is becoming more and more popular for tenants to rent out a property for a long period of time. According to English Housing Survey 2018-2019, the average length a tenant would rent a property for was 4.4 years, which is an increase from 4.1 years from 2017-2018.
Long-term tenants offer more security to landlords and have been shown to take more care in their homes.
Here are 4 tips on how landlords can secure a longer tenancy:
Research
Research is vital for any landlord. Analyse the local area and other property rentals nearby. This will help you understand the true rental value of your property. This will result in ensuring a healthy return from your property. Additionally, it allows landlords to check out nearby competition and strategies other landlords are adopting.
Get Your Property Ready
In today’s world, tenants expect high standards in all properties. Make sure your property is attractive, has neutral decor, modern applications, as well as an appealing exterior. This will result in securing a long-term tenant who will treat your home as if it was there own!
Property Management
Research has shown that a property management company can help increase the term of the tenancy. This is where we come in! The Lettings Cloud takes the hassle out of property management. We offer a Full Management Service or just a Tenant-Find Service. Full Management Service offers everything from maintenance, to pre-let upgrades, to organising and hosting property viewings.
Click here to download our brochure for Landlords and Developers!
Tenant Find Only Service
Here, at The Lettings Cloud, we have a live tenant database and a notable presence on social media. Additionally, we have a partnership with On The Market. This allows for quality tenants to find your available properties easily. From the board, to move in, and everything in-between, we help and assist landlords to ensure we find the perfect tenant and make a great match.
Click here to view our Landlord and Developer Brochure!
