How long will it take to rent my property?
The length of time a rental property is on the market will reflect how it is priced with comparable properties, how it is presented to prospective tenants and the demand from the market for properties such as yours. If your property is vacant it may require a different strategy to that of a property with a tenant already in place in order to minimise vacancy periods.
Your property manager should advise you of the current “days on market” figures for their clients and for similar properties to yours. You can then discuss with them the best approach to pricing your property in order to secure a suitable tenant in a time that matches your needs.
Key Takeaways
The price and demand for properties similar to yours along with the pro-activeness of your property manager will determine how long it takes to secure a suitable tenancy application for your property.
