Our top tips for keeping your buy-to-let tenanted

Posted on November 30, 2022

Void periods can be particularly costly for UK landlords. With the average void period lasting for three weeks every year, knowing how to manage a vacant property, and its financial implications, can be a real learning curve for buy-to-let beginners.

Preventing your property from becoming vacant in the first place is a great way to minimise the damaging effects of void periods on your buy-to-let venture. Read on to discover our top tips for keeping your buy-to-let property tenanted.

Know your market

Having a good understanding of the property market as it evolves is the key to success for any landlord. It’ll also help you keep your rent as realistic as possible.

Overpriced properties don’t stay tenanted for very long. With rental payments set in accordance to the average rates for the local market, you can make things affordable for your tenants, profitable for you, and ensure your property remains tenanted.

Look after your asset

Maintaining your buy-to-let property to a good standard will not only attract tenants, it’ll help you keep them. Prioritise repairs and maintenance to ensure your property is the cream of the crop. If your property needs improvement before it’s rented out, concentrate on enriching the areas that matter most, such as the kitchen and bathroom.

Build a solid reputation

It’s not just the condition of your buy-to-let property that has the potential to get tenants talking for all the right reasons. You can continue to build a solid reputation as a landlord people want to do business with by treating your tenants well and fulfilling your duties.

Prepare for the worst

Sometimes void periods are unavoidable, so it helps to be prepared. If you have a buy-to-let mortgage, you’ll be responsible for monthly repayments even if you don’t have a tenant paying rent on the property.

Budget for voids appropriately and take out landlord insurance to reduce the impact of vacant periods on your finances.

Call on the experts

You don’t have to take on property management alone. With our help, landlords can reap all the rewards of buy-to-let investment, without even lifting a finger. Whether it’s your first buy-to-let you are looking to manage or you have a whole portfolio of properties you need assistance with, our bespoke packages help to take care of properties and their tenants, and avoid the vacant periods so many landlords fear.

For further information regarding the wide range of landlord services we provide, please contact us today.