Landlords 'must understand their tenant base'
by Gemma Roskell
It is important that landlords understand their tenant base if they want to avoid length void periods, one expert has claimed.
James Davis, chief executive of online lettings agent upad.co.uk, said properties need to be targeted at a specific market to maximise the chances of a quick let.
He advised landlords to take stock of what is happening in their local market and to think about who they are looking to let to - students, singletons or families, for example.
"Take a back seat and look at where you actually operate. What is the demand for tenants in your area? See how many other properties are actually available," he recommended.
According to the National Landlords Association, the average length that a rental property stands empty between lets is currently 17 days, with 52 per cent of landlords having experienced void periods in the last 12 months.
Mr Davis said voids can also be minimised by maintaining a good relationship with tenants and taking a hands-on approach, solving any problems as soon as they arise.
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Published on: April 30, 2010
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