How to have a Merry Christmas
It’s that time of year when we feel the finishing line is so close and can’t wait for a break. However, it’s also the time of year when leasing activity can slow significantly. So here are some top property management tips to make the best of the festive season and minimise any potential losses through vacancy.
Do the Deal
If you have a tenant giving notice of their intention to vacate in December, it’s time to do a deal. Your aim should be to get through to the middle of January at least. This may involve significant reductions in rent to ensure you have a sitting tenant until activity ramps up again in the New Year.
If you have anxiety at the prospect of having vacancy over the festive season, chances are you’re not alone. So, it’s time to get ahead of the pack. Set a realistic price for your rental, ensure there is a rent review in your lease or set a shorter initial term.
Advertise, advertise, advertise!
With a limited time to market your property for rent and a limited market moving before the end of the year, it’s time to ensure you pull out all the stops for marketing. Invest in your advertising, this means professional photography, keep your ad upgraded on www.realestate.com.au. After all, 65% of our tenant enquiry comes through this site.
Behind the scenes, we’ll be using our extensive tenant database to market directly to tenants by email and sms and above all, being readily available to ensure we meet tenant requests for viewings.
If you have any queries as to the best course of action, your expert property manager can provide specific advice about your property and your market place. Always feel free to get in touch.