How long does it take to find a tenant?

How long does it take to find a tenant?

14 Jan 2019

Let’s refine the question, how long does it take to find a good tenant, you really don’t want the other kind!

We are statistic nuts and track everything in our business so we know rather than guess what’s happening. Vacancy periods vary depending on times of the year. Just prior to Christmas when school years end and people move out of the area can take more time as compared to February when the universities and school start back. Our experience is that across a full financial year we average between 14 and 21 days vacancy between tenants moving out and new tenants moving in.

We are one of the more ‘selective’ agents when it comes to recommending new tenants to our clients. Our experience is that we will often reject 3 out of 4 applications we receive on a property. This can be because references can’t be checked, tenants history is patchy or people were less than easy to deal with. Its always a case that its better to reject a bad tenant than it is to take a bad tenant and then try and get them out of your property.