{"id":845,"date":"2013-03-27T15:17:51","date_gmt":"2013-03-27T15:17:51","guid":{"rendered":"http:\/\/www.propertyportfoliosoftware.co.uk\/blog\/?p=845"},"modified":"2013-03-27T15:17:51","modified_gmt":"2013-03-27T15:17:51","slug":"fewer-empty-buy-to-let-properties","status":"publish","type":"post","link":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/fewer-empty-buy-to-let-properties.html","title":{"rendered":"Fewer Empty Buy to Let Properties"},"content":{"rendered":"<p>Long void periods can be a real concern to landlords, especially<br \/>\nthose with only one or two properties. No tenant means no rental<br \/>\nincome, so in an ideal world, most landlords prefer a long-term<br \/>\ntenant who pays their rent on time.<\/p>\n<p><strong>Strong demand for <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/landlords_rent_manager_professional.prod.html\">rental properties<\/a><\/strong><\/p>\n<p>Figures released from the National landlords association (NLA)<br \/>\nindicate that void periods are now at an all-time low. Only 33% of<br \/>\nlandlords have had void periods in their properties during the last 3<br \/>\nmonths, a reduction of 13% on the same period from the previous year.<br \/>\nThis is largely due to consistently strong demand for rental homes, a<br \/>\nsituation that is unlikely to change any time soon.<\/p>\n<p><strong>What is the average void period?<\/strong><\/p>\n<p>Figures indicate that private rented homes are empty on average for<br \/>\n60 days, which is 9% lower than the same period last year. The last<br \/>\ntime figures were this low was back in 2010, which is good news for<br \/>\nlandlords.<\/p>\n<p><strong>How to avoid void periods<\/strong><\/p>\n<p>Given that demand is so high, unless your properties are very<br \/>\nunappealing or you are overpricing them, you shouldn\u2019t have too many<br \/>\nproblems finding new tenants. However, it makes sense to do<br \/>\neverything you can to find new tenants quickly once the old ones have<br \/>\nvacated the property and essential maintenance work has been carried<br \/>\nout. And even if your <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/landlords_rent_manager_professional.prod.html\">tenants<\/a> have not mentioned any plans to move<br \/>\non, ask them to keep you in the loop so you can prepare for when the<br \/>\nproperty does become empty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long void periods can be a real concern to landlords, especially those with only one or two properties. No tenant means no rental income, so in an ideal world, most landlords prefer a long-term tenant who pays their rent on &hellip; <a href=\"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/fewer-empty-buy-to-let-properties.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-845","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=845"}],"version-history":[{"count":3,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/845\/revisions"}],"predecessor-version":[{"id":848,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/845\/revisions\/848"}],"wp:attachment":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}