Tenant changeovers are often one of the most expensive costs incurred by landlords. Traditionally letting agents capitalise upon this fact by offering short-term contracts, increasing the rate of Tenant changeover.
Here at Thorpe & Co we truly value the investments made by our owners and, as a result, promote two-year tenancy agreements in order to reduce the damage to our investors profit margins.
When a tenant moves out of a property many costs can be incurred. These include:
- Cleaning and maintenance in order to present the property at it’s best standard for prospective tenants
- The agent’s new tenant fee
- A lose of rental income over the period of tenant changeover
- Council Tax
- Utility bills
In order to protect our owners from these costs, we prioritise long-term tenants. Also encouraging two-year agreements as our standard.
However, as tenant changeover is an inevitability, we do our utmost to keep rental-free periods to an absolute minimum. Our lettings, maintenance and housekeeping team allow for speedy changeovers as the entire process is handled in-house.
Managing Director David Thorpe: “We respect the trust instilled upon us by our investors. Our job is to keep their costs as low as possible in order for them enjoy their profits hassle-free.”