In the current market landlords are keen on ensuring their properties are rented out as soon as possible, ensuring the amount of time the property is vacant is minimal.
If you are a private landlord and want to speed up the letting process, the following tips can help you to do so.
1. Be proactive
Keep on top of the paperwork and know when the current contracts are due to expire. Make sure you know whether or not the property will be vacated after the end of the contract. If so, you need to start advertising it as soon as you find that out. Don't wait until the last minute, as finding the right tenant takes time. People nowadays are aware that sometimes they need to wait a few weeks before they can move into a property, so don't worry that the waiting time will put them off.
2. Make your property as presentable as possible before it goes on the market
It is important to make sure your property looks its best before someone comes to see it. That means not only tidying up inside of the property, but the outside area as well. It's not a question of cleaning the whole street, but it would be good to put in the effort to take the bins out of sight, clean the garden (if present) and/or the driveway. Making sure that the house number is visible will help potential tenants find it more easily when they come for a viewing.
When it comes to the interior of the house, do your best to clean as much as possible. Carpets, walls, windows in all the rooms, including the bathroom. Clean everything you possibly can. If needed, make some quick fixes, i.e. replace that light bulb in the corridor you meant to do weeks ago; repair some cracks in the walls if you can; unblock the sink, etc.
Last but not least, take photos of the exterior and the interior of the property. Showcase every room and make sure to do that only after you've done the things listed above.
3. "Sell" the property like only the owner can
You are the owner of the property, you know what's good about it. You know what it benefits from and what will sounds appealing to people looking for a new home.
Mention local amenities, transport links, number of parking spaces and other things that will give potential tenants enough information to make a decision.
4. Hire a professional letting agent to help you through the process
Even if you're an experienced landlord and know how things go when it comes to renting out your property, it's good to have an expert in the field on your side. Mind you, you might have already learned this the hard way.
Property management companies are responsible for finding the right tenant for you. Those are the companies that will arrange a credit check for the prospects and make sure they will be able to keep up with the bills.
In addition to that, once you know that it's time to advertise the property you have, it is great to know you can make use of the contacts the letting agent has.
Moreover, the property agent will be the first point of contact for your tenants, which means that they will be able to deal with queries without even having you involved.
Furthermore, they will arrange the contracts, the inventory check and all the other paperwork to reassure you that things will go to plan.
5. Be honest
Don't try to hide any problems there might be with the property. Instead, talk openly about them with your letting agent and the potential tenants and offer a resolution. This means that instead of ignoring the fact that the kitchen sink is blocked and even trying to tell porkie pies about it, explain that you are aware of the problem and it will be fixed before the tenant moves in. This attitude will build trust in the tenant that if anything goes wrong, they can rely on you. Also, it shows that you are an honest person. Then when it comes to you saying that the property overall is very nice and the neighbourhood is quiet, you are more likely to be trusted.
PS: don't forget to speak to your lender if you have a mortgage in place to ensure you are legally entitled to rent the property out.