Letting agents are more successful in marketing the rental properties than the individual landowners. The Deposit Protection Service ( DPS) done a research on letting agents and revealed that the letting agents are keep void periods to within two weeks on sixty three percent of properties, whereas in the case of the individual landowners, homes marketed was just thirty eight percent.
The research figures also clearly point to the marked regional differences with the major field in which rental houses are empty for more than three months are as follows South Northamptonshire, Northamptonshire 50 percent; Tewkesbury, Gloucestershire 50.0 percent ; Ribble Valley, Lancashire 46.7 percent; Rochford, Essex 41.2 percent; Derbyshire Dales, Derbyshire 43.8 percent ;Elmbridge, Surrey 41.0 percent; Gosport, Hampshire 40.6 percent and Eden, Cumbria 40.7 percent.
Kevin Firth, the director of the Deposit Protection Service said that most of the individual landowners sell their houses very effectively; however the research which the Deposit Protection Service done in the past two years clearly shows that there are several things that landowners could learn in order to try to void periods.
He said that in the present market condition where the demand for the rental houses increases more than the supply, then there is no need for letting properties to remain empty and not making any income or yield.
Even thought the actual cost of the rental voids is unknown, the Upad.co.uk, online fitzrovia letting agent find out the empty properties cost the United Kingdom private rental sector, which cost more than three billion pounds a year. The property website has thus revealed some of the best tips for reducing void periods, recommending use of the plenty of photos and Internet. In addition, landowners have to make use of the different selling points of a house and keep rent rates reasonable.