One of the most frequent queries if you are a landlord preparing to let your property is how fast will I manage to find a tenant. Each property is unique, but it helps to have an idea of the general timeline so that you can better prepare yourself and your expectations.
Average Timeframe
An average property takes between 2 - 6 weeks to find a tenant once advertised. Of course this can change a bit based on location, the property and condition of your unit/complex, rental price etc.
What Affects the Timeline?
Location matters. Places in popular areas, or with good transport connections and schools often rent more quickly. In contrast more remote or rural areas can take longer.
Pricing is crucial. Overpricing your property will turn a lot of potential tenants away and prolong the process. Check what other people in your area are renting for (to make sure you’re competitive).
Property presentation counts. Spotless, high-quality photos entice more eyes and viewings mandating a quicker process. For Letting Agents Bridgwater, contact //www.sykesmoore.co.uk/lettings/letting-agent/
The Letting Process
With interested applicants located, it will take between one and two weeks while referencing is completed along with credit checks etc, summing up in the final tenancy agreement being executed. This is where a professional letting agent can make your life much easier.
Seasonal Variations
The demand for rent often peaks in the spring and early autumn months, more so if you are an estate investor of student/family areas. Listing during these hours can shorten your void period.
The Bottom Line
Most landlords let within a month, but utilising the resources of an experienced letting agent and marketing your property well will help you let more quickly with peace of mind.