Lowdown for landlords
Sat 31 May 2014
The profile of a prospective tenant is a very important consideration. A healthy relationship between the landlord and tenant is more likely to lead to a longer term tenancy and provide increased peace of mind for both parties. Another consideration is how quickly a tenant can move in and how long they can commit to a tenancy. My clients regularly report that extended vacancy periods are the most costly part of being a Landlord, so minimising this is crucial. The tenancy length should also suit seasonal fluctuations, for example, if a property has a beautiful garden, then you would want the tenancy to end in the spring, ready for putting back on the market, when youll likely achieve a premium price. Finally landlords should take into consideration any specific requests from the tenant; particularly if they have financial implications (i.e. new furniture) and they should receive because, very often, this will be the best one. Its our job to identify the best tenant as quickly as possible from our large database, so the first wave of viewings tend to be the most promising.