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As the private rented sector continues to grow, landlords have more competition to attract suitable tenants to their rental property. Because of this, it’s important that you do everything you possibly can to entice prospective tenants.
Below, we take a look at some of the measures you can take in order to attract tenants to your home and keep them for the long-term...
Make sure your property is up to scratch
Having a clean and well-maintained home will not only increase the maximum potential of your rental home but it will also encourage tenants to take better care of the property.
Ensure that all quick fixes have been made prior to putting it on the market. Also, decide on whether you want to let your rental property as furnished, unfurnished or part-furnished, and remove any personal items or furniture.
Along with this, you want to make sure that you react to any maintenance and repair issues as soon as they are raised. By doing this, tenants will appreciate your attentiveness and will feel that you are also taking care of them.
Choose the right letting agent
Finding an ideal letting agent is one of the most important decisions you will make during the lettings process. A reputable agent will assist you with finding long-term tenants and fostering a good relationship with them.
Most importantly, though, a credible letting agent will be on hand to help deal with repairs and maintenance, ensuring that tenants know their obligations and responding quickly when any problems occur.
By doing this, letting agents will help the tenancy to run as smoothly as possible and, in turn, contribute towards keeping your tenants satisfied.
Ensure you property is effectively advertised
It’s imperative that your home is listed on the major portal sites to guarantee the best possible exposure. For instance, here at Kings Group, we list our rental homes on Rightmove and Zoopla, as well as our own website.
But don’t just stop there. Make sure that your home has a prominent spot in the window of your agent’s high street office and check that you have a ‘To Let’ board outside to entice any potential tenants passing by.
Consider accepting pets
While many landlords adhere to the ‘no pet’ policy in their rental properties, it might be worth going against the tide and being a pet-friendly landlord. Doing so will broaden your pool of potential tenants significantly.
For instance, pet owners typically prefer longer tenancies as it can be more challenging for them to find other pet-friendly options – meaning reduced void periods for you. They also make responsible tenants, as they will treat your property with the same respect as they would their pet.
If you do decide to go down this route, ensure that you take out a landlord’s insurance policy and increase the rent a little to cover the cost of any potential extra repairs and damages.
Be a friendly and reliable landlord
Tenants are attracted to friendly and attentive landlords who they feel confident will respond to requests or enquiries promptly and professionally. In doing so, tenants will feel more appreciated and cared for.
However, a letting agent can help you to manage your property effectively and keep the tenants satisfied. By being courteous, flexible and transparent, you’re more likely to find good tenants and hold onto them for the long-term.
With more and more people entering the private rented sector, the opportunity to secure tenants is increasingly apparent. By taking the above advice into consideration and having a support system in place, you can increase your chances of attracting long-term tenants.
At Kings Group, we use our Property Management services to assist you with letting a property in North London, East London, Hertfordshire, Essex and the surrounding areas. For more information, contact your local Kings Group branch today.
We also offer a free instant online valuation so you can see how much your home could be worth on the current market.