30 May Tips for Keeping Your Property Rented Year-Round

If you’re a landlord, you’ll know how important it is to keep your property occupied throughout the year in order to maintain a steady income. But, it’s not always as easy to do that which is where we come in at Kaytons with our dedicated property management team who takes the stress away from renting your property and helps to reduce any vacant periods. What’s more, in our latest blog, we’ve pulled together our best tips to keep your property rented year-round. 

Get to know the market 

The truth is, you should understand your target market before you even put your property up for rent, and once you do have a rental property, it’s especially important to keep up to date with the sort of people who are interested in your property. For example, is it students, young professionals or families? By understanding your target market, you can tailor your property and marketing strategy accordingly.

Maintain the property

It goes without saying but well-maintained properties are more appealing and therefore less likely to sit empty for long periods. Consider things like heating, plumbing and cosmetic damage. The likes of a modern kitchen, contemporary decor and improved security can all help someone to imagine themselves in the property and want to make it their home. 

Set the right price 

A nice looking property is just the start. You also have to price your property accordingly – and that goes for not being too low or too high. After all, both could put potential tenants off. Don’t worry about getting this right as our team analyses the local market for you and advises on competitive prices that truly reflect the current market and your property. 

Market effectively

The way in which you market your property has a big impact on its availability – and that’s exactly where our expertise comes in. If we know your current tenancy is coming to an end, we go above and beyond to find a new tenant using online listings and social media. High-quality photos, detailed descriptions and fantastic customer service when it comes to enquiries will all help your listing to stand out. 

Be flexible 

While you might be against pets or want utilities to be an added expense each month, consider being flexible with some arrangements as a way to appeal to more tenants. What’s more, it may be that you can sign a tenant up for a longer contract if you provide a bills-included package or allow them to have a cat, for example.

Build good relationships 

The happier your tenants are, the more likely they are to stay in your rental for a long period. For this reason, you should prioritise communication, fairness and a friendly manner with them. 

Keeping your property rented year-round requires a combination of market awareness, maintenance and good tenant relations – which is where Kaytons comes in. You see, our dedicated property management team can take care of every little detail while you get to reap the rewards or we can advise you on how to maximise your portfolio if you want to take care of it yourself. Want to know more? Reach out today.