Landlords! Have you ever wondered how you could increase your rental income on your Residential or Student property in Canterbury, Kent, and its surrounding areas? Here are a few simple tips 

1. Market Research: Understand the local rental market in Canterbury, including average rental rates for similar properties in your area. Look at rental listings, speak with us here at  EFLettings, and research online databases to gauge market demand and competition.

2. Marketing Strategy: Develop a comprehensive marketing plan to effectively promote your property to potential tenants. Utilise online platforms such as property listing websites, social media, and local rental listings. Professional photography and engaging property descriptions can significantly enhance your marketing efforts.

3. Target Audience: Identify your target renters demographics and tailor your property accordingly. For example, if you're targeting students, focus on features like proximity to universities, reliable internet access, and communal spaces. For families or professionals, emphasize factors like schools, transport links, and local amenities.

4. Presenting Your Property: Ensure your property is well-maintained, clean, and attractive to prospective tenants. Consider making minor improvements or upgrades to increase its appeal and value, such as fresh paint, modern fixtures and fittings, especially in the kitchen and bathroom, and if you have outside space, make sure it is enticing, tidy and easy to look after.

5. Furnishing Options: Determine whether offering your property furnished, partially furnished, or unfurnished would be most appealing to potential tenants. Furnished properties often command higher rental prices, for student lets, especially in areas with a high demand like Canterbury and its surrounding areas.

6. Be Flexible with Rental Terms: Consider offering flexible rental terms or incentives to attract tenants, such as discounted rent for longer lease agreements or including utilities in the rental price. Be transparent about any additional fees or charges to avoid surprises for tenants.

7. Professional Property Management: Consider hiring a reputable letting agent or property management company to handle the day-to-day operations of your rental property. They can assist with tenant screening, rent collection, property maintenance, and legal compliance, ultimately saving you time, and maximising your rental income.

 

Here at EFLettings we are Letting Agents, not Estate Agents who let properties. And there's an important difference. To us, you're not just an additional income that isn't viewed as important as sales. We care about who's living in your property, and we want our tenants to be happy where they're living. We will go that extra mile - you'll be able to trust us and our judgement and have confidence that we're there to keep things running smoothly.

If this sounds like a refreshing approach to property management, we invite you to reach out for a chat. Let's discuss how we can meet your needs and exceed your expectations.