For a landlord, the time between tenancies can be concerning. If you don't have a tenant in place, you don't generate any income. If you depend on monthly rental income to pay your buy to let mortgage, you are motivated to bring in a new tenant as soon as you can.
However, you can also make the most of this period. There is a lot to be said for making changes and improvements around the property at this time. When you improve your rental property, you can attract a better standard of tenant, and this may help you to generate a better standard of rental income on a monthly basis. Ideally, you won't have too many void periods, but if you do, you need to know what to do between tenancies.
When you don't have a tenant in place, it becomes much easier to carry out a deep clean of the property. Hiring professional cleaners to take care of your property costs money, but the benefits of this action pay off in the short and long term.
When you cleaned your rental property to a high standard, the property listing images look appealing. This helps you connect with a better standard of tenant, and you may be able to charge a higher rental fee. In this regard, making the best use of your time during a void period can provide you with a great benefit in the long-term.
There is also another strong reason to consider carrying out a deep clean at your rental property before you let a new tenant in. When a rental property is messy, tenants are not motivated to keep the property clean. However, when a rental property is spotlessly clean, tenants are far more likely to maintain this standard.
Therefore, this helps to minimise damage and it maintains the condition of your rental property. The long-term benefit of carrying out this deep clean is significant, and should help you to decide whether it is a viable step for you or not.
It is vital to ensure the rental property is in a safe condition, but this can be challenging when you have a tenant in place. However, when the rental property is empty, you have no restriction or barrier to this work.
Call on a qualified engineer to review your property, and you should arrange for all safety tests and checks to take place at this time. Knowing that your gas safety certificate is in place for the next tenant is a great comfort, and will give you one less thing to worry about.
If you are a landlord in Wembley, dealing with the time between tenancies can be scary, but we are here to help. If you need assistance in managing your rental property, or you need guidance on finding the best professionals to maintain your rental accommodation, we can help. Contact Smith Melzack today, and take the stress out of letting property in 2020.
