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Agents Reduce Voids on Rentals

Letting agents are more successful at keeping rental properties occupied than individual landlords, according to an analysis of deposits from The Deposit Protection Service (The DPS).
Lettings agents ensure that the void period on a property is kept to within two weeks on 63 per cent of properties compared to only 38 per cent for those marketed by landlords directly.

The figures also point to huge regional differences throughout the country - in one district two thirds of available rental properties were empty for more than three months.

Two of the ten worst areas for empty properties were in Lancashire. However the South was also badly hit, with areas in Surrey, Essex and Hampshire amongst the worst. In some areas 50% of rental properties have been empty for more than three months.

Kevin Firth, Director of The DPS, said: "Many landlords market their properties very effectively but the evidence we have compiled in the past two years demonstrates clearly that there is more they can learn to try to decrease void periods."
"In the current market - where demand for rental property far exceeds supply - there is no excuse for allowing properties to remain dormant and not earning income."

4you lettings ensures the maximum exposure for a property becoming vacant when finding a new tenant:

  • Be seen; use the internet to ensure your properties are as visible as possible
  • Advertise with photos; tenants want to see what they are going to get
  • Advertise as soon as your tenants leave the property
  • Know and exploit the unique selling point of your property
  • Keep your rent realistic.

Right Move The Deposit Protection Service ARLA - Association of Residential Lettings Agencies Residential Landlords Association The Property Ombudsman Landlord Accreditation Scheme Plain Speaking English Zoopla