Void periods are inevitable. But no landlords wants to experience excessive or lengthy void periods as that can significantly impact the viability of their investment, and that is why it is important that buy-to-let investors adopt a strategy to minimise the risk of lengthy void periods, and that plan should include the use of Upad's service, the company claims.
The online letting agent believes that the latest technology it provides can help speed up the rental process and help landlords save hundreds of pounds in potentially loss rental income
The company claims that the average void period for landlords using Upad’s service is two weeks, a week shorter than the national average of three weeks that the Association of Residential Lettings Agents (ARLA) found in its recent report.
James Davis, CEO and founder of upad.co.uk, said: “Void periods are the most pressing concern for buy-to-let landlords. Costs can rack up very quickly every day that a property remains vacant.
“With profits currently being hit from all sides, particularly after the tax relief changes that came into effect in April, we at Upad understand that it’s now more vital than ever to minimise all unnecessary costs.
“Working efficiently on a national scale has allowed us to develop effective strategies to slash void periods for our landlords. Our ARLA qualified property experts are available seven days a week to check and approve adverts or make any changes quickly. Their expertise ensures that all adverts are listed perfectly first time, giving the best chance of success for a quick let before the ad disappears down the rankings.
“We also use the latest technology to get all enquires to our landlords as soon as possible. Then, when tenants are ready to sign, our online system makes it easy for them to pay deposits and agree the contract so they can get moved in and paying rent straight away.
“This is just one of the ways that Upad is a cheaper and more effective way of renting out a home, when compared to a high-street lettings agency.”