When you own rental properties, void periods, times when your property is empty and generating no income, can quickly eat into your profits. Every month without a tenant means lost rent, additional utility costs, and the potential for property deterioration. However, by effectively reducing these void periods, you can significantly boost your rental income and overall financial performance.
The good news? With a proactive approach, you can significantly reduce the time your property sits vacant. This proactive stance empowers you to keep your portfolio performing at its best, rather than being at the mercy of market conditions.
1. Prepare Your Property for the Next Tenant Quickly
A swift turnaround between tenancies is key. As soon as notice is given, arrange:
- End-of-tenancy inspections
- Necessary repairs or maintenance
- Professional cleaning
This means the property is market-ready the moment it becomes vacant, minimising lost days.
2. Set a Competitive, Realistic Rent
Overpricing can extend void periods unnecessarily. Use local market data (from platforms like Rightmove, Zoopla, and local agents) to ensure your rental price is competitive while still maximising your return. In competitive markets, a slightly lower rent can reduce vacancy and improve long-term income stability.
3. Market Early and Widely
Don’t wait until the property is empty to start advertising. Market as soon as you receive notice, giving you a head start in finding a replacement tenant.
- Use professional photography
- Advertise on major portals (Rightmove, Zoopla, OnTheMarket)
- Promote on social media and your agency website
4. Keep Current Tenants Happy
Reducing tenant turnover is the best way to avoid void periods entirely.
- Respond quickly to maintenance requests
- Keep communication professional and friendly
- Offer longer-term tenancy agreements to reliable tenants
Happy tenants are more likely to renew their contracts, saving you re-letting costs.
5. Offer Flexible Viewing Times
The easier it is for potential tenants to view your property, the faster it will let. Evening and weekend viewings can appeal to working professionals, while virtual viewings can capture interest from tenants relocating from outside the area.
6. Consider Short-Term Let Options
If you have a longer gap between tenants, offering a short-term let (through platforms like Airbnb or Booking.com) can generate income while you search for a long-term occupant. This can be particularly useful in high-demand tourist or city-centre areas.
7. Work With a Proactive Letting Agent
An experienced letting agent can help you:
- Price correctly
- Market aggressively
- Pre-qualify tenants
- Handle compliance and paperwork swiftly
This can speed up the process and reduce costly delays.
Final Thoughts
Reducing void periods is about planning, pricing smartly, and marketing efficiently. By acting quickly, keeping tenants happy, and using every available marketing channel, you can keep your properties occupied and your cash flow healthy.
If you’d like expert help minimising your portfolio’s downtime, REMAX Estate Agents offers tailored letting and management services across Barry, Penarth, Cardiff, and the surrounding areas.
📞 Contact us today for a free rental appraisal and strategy consultation.
