Are Tenants Looking for Property During the Pandemic ?
Some Landlords are Stuck with Empty Properties - So How do you Find a Tenant.
During these times, there are hundreds of reasons why people would still like to move. From emergency move ins for key workers, those that need to move for work and those where their current tenancy expires.
National figures for this quarters report show a rebound of 30% increase on rental demand in the first two weeks of April compared with a 57% decline in the last two weeks of March and further increases in demand since the latest relaxation of restrictions.
Good signs that the market is rebounding.
With that said, following government guidance is essential if we are going to beat Coronavirus and exploring the different ways you can safely operate during these times can get you ahead of the game as restrictions begin to relax.
Current government guidance in the Covid-19 pandemic requires all of us to stay alert and restrict any unnecessary travel. However we are now able to carry out viewings following strict guidelines.
So, what can you do?
The advance in technology is rapidly becoming a part of our day to day lives. As landlords you can be one step ahead of the game; here are just four useful things to have ready.
- Good quality market ready professional photos
- A detailed floorplan with dimensions, tenants LOVE floorplans.
- A pre-recorded video walk-through showcasing your property and all the features.
- 360* Virtual Tour
If you are not able to get these, speak with your local letting agent.
With these in the bank you can conduct virtual viewings giving a tour of your property, discuss potential terms with prospective tenants and have their full details collated ready to reference.
In some cases, taking photos and internal videos might not be possible as you still have your current tenants in situ that are about to leave, so working with them could be the answer. Your tenants could hold a virtual viewing of your property by doing a video call.
If you’re not sure the best way to setup a video call or walkthrough with either an empty property or with your tenant, get in touch and we can show you how!
Having already potentially lost income due to restrictions it is imperative to think ahead.
Plan !!! Waiting till the property is empty could delay a prospective tenant moving in leaving you with an unnecessary void.
People will still WANT and NEED to move.
Our advice would be to start NOW, advertise, take enquiries, make sure you and the tenant are a good fit and then begin referencing.
Get your property on the market now!
If you need any advice or wish to chat through anything we have mentioned in this article, you can contact our award winning lettings team on 01227 767200 or email charlotte.dyer@regal-estates.co.uk
We are here to help and look forward to hearing from you !