A void period – when a rental property is unoccupied – can be costly for landlords. Reducing these periods is essential for maintaining consistent cash flow and minimising losses. Here are some practical tips for keeping your property let and reducing void periods.

1. Set the right rent price

Setting the right rent price is crucial to attracting tenants quickly. Overpricing can discourage potential renters, while underpricing may not yield the best return.

Tip: Research local rental prices to ensure your property is competitively priced for the market. Regularly review the rent to stay in line with local trends.

2. Market your property effectively

Effective marketing ensures that your property gets maximum exposure. With many potential tenants searching online, make sure your property is listed on the most popular rental platforms.

Tip: Use high-quality photos, write detailed descriptions, and highlight key features like location, amenities, and any unique selling points.

3. Keep your property well-maintained

A well-maintained property not only attracts tenants but can also reduce the time it sits vacant. Tenants are more likely to stay in a property that is in good condition, reducing the chances of a void.

Tip: Perform regular inspections, address maintenance issues promptly, and make improvements that increase appeal, such as fresh paint or updated appliances.

4. Be flexible with lease terms

Flexibility in lease terms can attract a wider range of tenants. Consider offering shorter or more flexible lease options to meet the needs of different renters.

Tip: Offering flexible lease terms, subject to a minimum of 6 months, or allowing tenants to renew easily can increase tenant retention and reduce the chances of a void.

5. Work with a responsive, professional letting agent

A good letting agent will screen potential tenants thoroughly and respond quickly to enquiries, helping you find reliable renters faster and reduce void periods.

Tip: A professional agent can handle credit checks, reference verifications, and viewings efficiently—ensuring a smoother and quicker letting process.

Conclusion

By setting the right rent price, maintaining your property, and being flexible with lease terms, you can significantly reduce void periods. Effective marketing, thorough tenant screening, and responsiveness also play a vital role in keeping your property let.

Need help keeping your property let?

Contact our team for expert advice on reducing void periods.