Landlords need tenants in their property as soon as possible so that their property is not left empty.
The tenant and landlord relationship is often fraught with difficulty, especially where property damage, deposits and rents are concerned. Finding a tenant is not difficult, but finding the right tenant is an entirely different matter. Traditional advertising in local newspapers and classified advertisements can produce a horde of enquiries, but this can be expensive and not always successful as well as many landlords being subjected to fraud and timewasters.
Lettings agencies for landlords can be expensive and they are probably best for landlords that are not “hands on” with their tenants. The lettings market is massive in the UK and there is no doubt that agencies are useful as well as profitable but there are many landlords that feel they need to control the type of tenants that reside in their property. It’s only been recently that tenant credit checking has been made available to landlords. If becoming a landlord a business, then it must be treated this way, therefore investment into finding the right tenants and vetting them to making sure they are appropriate for your property is extremely necessary.
There are many places where you can post tenant listings. Most of the free property listing services can be risky and may attract the wrong type of tenant. Others allow you to post for free, but you need to pay tens of pounds in subscription fees to receive any enquiry.
Therefore, there is no doubt that there is a market for tenant find services. They start from £30 up to £100 depending on what companies you use and what type of services they offer. E.g. http://www.yourplacemarketing.co.uk/ offers the landlord a link to property portals including Rightmove and PropertyFinder in order for landlords to advertise and market their property.
There are tips in which landlords can use tenant find services in order to find their tenants as quickly as possible:
- Look at agency and other landlords' advertisements and make your description of your property similar or better. You still need to grab the attention of the tenant once your property pictures have been examined.
- Make your rent competitive in comparison to other landlords marketing in your area. Take into account the location, size and quality of the accommodation.
- Check classified adverts and Identify which editions of a daily newspaper are popular with those searching for let property.
- Use the three best assets of the dwelling in the first sentence of your advert.
Plan ahead. Be available to answer calls once the advert is published. Avoid using an answer-machine as some callers will not leave a message. - Be prepared. When calls are expected, have a pen ready, a notepad, calendar or diary for viewing appointments, and a list of suitable questions. Double-check that you have written down the enquirer's name, address and contact number accurately.
- Be prepared. It is guaranteed the tenant has done his/her homework on the area e.g. council tax, utility bills and they will want to know this information immediately on the viewing.
- Don’t forget: You must sell your property to the tenant once viewings commence. Discuss the great features of your property and make the viewing a pleasurable experience. There is no doubt the tenant is looking for a reasonable landlord who can communicate well as they are looking for somebody to do business with as well as a nice accommodation. If they don’t like you, they will not like your property so sell yourself as well as the property.
To conclude, there is a market for landlords that want to use agencies. There is also a market for landlords that do business badly because they do not want to invest money in finding the right tenants. Our advice is to use a tenant find service, which allows you to pick the people that will look after your bricks and mortar as your own judgement is always the best.
http://www.yourplacemarketing.co.uk - Main Site
http://www.yourplacemarketing.co.uk/landlords.asp - Landlords page
http://www.yourplacemarketing.co.uk/tenants.asp - Tenants page
http://www.yourplacemarketing.co.uk/otherservices.asp - Other landlord services
http://www.yourplacemarketing.co.uk/otherservicesbusiness.asp - Business oppotunities with utilities warehouse
http://www.yourplacemarketing.co.uk/whytenantfind.asp - Good article on tenant find
http://www.yourplacemarketing.co.uk/links.asp - Links Page 1
http://www.yourplacemarketing.co.uk/linkspage2.asp - Links Page 2
http://www.yourplacemarketing.co.uk/freestuff.asp - Free downloads for landlords
http://www.edenjosh.com - London lettings agents
No comments:
Post a Comment