How to ensure a lucrative rental return

The raise in the cost of living has increased the need for being practical when renting a property.

It is crucial for landlords to correctly price their properties on the market, to avoid having these on the market for prolonged periods.

An understanding of the rental market is important to determine fair rates to attract quality tenants.

Enlisting an agent will assist you as they are able to utilise their resources to;

• Provide an analysis of the market with competitive pricing, whilst taking into consideration the size, location and immediate amenities in the vicinity, to establish a realistic rental amount.
• Advise on the availability of the number of similar priced properties in the area, so as to list at an attractive price.
• Counsel landlords to consider the current interest rates, inflation and unemployment rates.

Competitively priced properties will attract the best applicants, and through professional screening, landlords will be able to secure a reliable tenant.