So your tenant has submitted their prescribed notice and will be vacating the home in 28 days.
Knowing that you could have a vacant property coming up can certainly cause owner stress and possible fiscal strain. How will a new tenant be found and what is my agent doing for me to reduce my possible vacancy. The crucial steps are as follows;
- Agents knowledge of the presentation of the home and if any major works required
- With your agent’s local market knowledge with current market evidence an appropriate advertising marketing price and strategy around price can be set.
- Did you have professional photos taken prior to the commencement of the tenancy. If so they can be used for marketing
- The Residential Tenancies Act allows the owner to have access during the last 14 days of tenancy to show prospective tenants through. However, this may not be the time when the property is showing at its best as the tenants have already started packing and have mentally moved out of the property and into their new home. This is where your agent’s relationship with the tenant and their proactive approach can work for all parties. If your agent has a good relationship with the tenant, they can ask them if they can take people through before the last 14 day period. If communicated correctly to the tenant it can be highlighted that it may be easier for them, especially if a new tenant can be secured before the last 14 days of their tenancy. Meaning that they can be left in peace to pack. For the agent and the owner it often means that the home is well presented when people are shown through.