Managing and Reducing Void Periods

Owning a rental property isn’t just about what happens while tenants are in place. Effectively managing periods when your property is unoccupied is equally important. When your property is empty, you won’t have rent coming in, and you’ll have to pay out to cover the mortgage, utilities (including standing charges) and council tax.

Here are some ways you can manage and minimise void periods.

Financial preparedness: Set aside funds to cover expenses during unoccupied periods.

Council tax awareness: Stay informed about your local council’s policies on empty properties to budget effectively.

Proactive maintenance: Use the notice period to enhance the property and carry out remedial works to make it more attractive to future tenants.

Insurance: Ensure your insurance covers void periods and consider additional policies for longer voids.

Professional assistance: Consider employing a letting agent to manage the property, especially if you’re short on time.

Seasonal planning: Recognise the challenges of letting during quieter periods, such as Christmas, and plan accordingly.

Get in touch today to learn more about our property management services - 01244 836636.

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