Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About 6 days ago 39
My tenants gave notice a month ago and moved out today, they didn’t agree to viewings during the notice period because they have a young baby which is fair enough. Nevertheless, as soon as I was given notice I advertised the property with Letting Supermarket who immediately began marketing the property for £100 more than I was previously charging in rent. They had over 60 enquiries!
My tenant moved out today so I went along to the checkout and everything was left spotless. Letting Supermarket had 19 viewings this afternoon and 9 of the prospective tenants wanted to move forward to referencing immediately. Based on the demand, the agent doing the viewings suggested to tenants that they should make a best offer, subject to referencing of course. The best offer so far is from a working couple with no children or pets and should reference up for RGI no problem at all. Best of all they want to move in next weekend and are happy to pay £50 pcm over the asking price
Fingers crossed on the referencing process.
It gets better though!
Tony at Letting Supermarket noticed I had a similar property in the area and called me to suggest increasing the rent on that one by £100 pcm too given the obvious rental demand in the area. Not a bad day hey, I could be £250 a month better off and best of all I only pay Letting Supermarket 4% of rent.
If you are looking for a place to invest with mega high demand, low capital values and hence high yields, take a look at the Council Estates in Thetford, Norfolk. They are not the prettiest of properties but the demand for them is absolutely staggering!
I’ve added a contact form for Letting Supermarket below, just in case anybody has a vacant property in Thetford. That said, wherever you are in England, chances are Letting Supermarket have an agent in your area too.
By the way, Letting Supermarket launched a £250,000 Crowd Funding pitch last week which is already fully funded, so expect to see them advertising on your TV in the coming months.
For the sake of transparency, note that I’m a marketing consultant and non-exec Director to Letting Supermarket but I can absolutely assure you this is an entirely true personal experience of mine and I can prove it if required.
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