Our Rental Statistics: The Power of Speed and Efficiency

Melton Latest News | Rent 4th March, 2024 No Comments

In the realm of property rental, time is of the essence. From listing a property to finding suitable tenants, every day counts in maximizing returns for property owners.
In a market where the average time to rent out a property is 39 days, our company stands out with an average of just 21 days for occupied properties and a mere 9 days for vacant ones.

But what does this mean in tangible terms? Let’s break it down.
Consider a property rented out at $400 per week.
For every 30 days that a property remains vacant under the market average, owners lose approximately $1714 in potential income.
This figure starkly highlights the significance of swift rental turnover.

However, speed alone is not our sole focus. We recognize the importance of thoroughness in tenant selection.
Obtaining comprehensive references is paramount before presenting any application to property owners. Delays in this process can result in missed opportunities, as prospective renters may secure alternative accommodations while waiting for approval.

To streamline this crucial aspect of our operations, our office employs a dedicated leasing manager. Freed from the burden of other tasks, they can devote their full attention to securing quality tenants promptly. This specialization not only ensures efficiency but also enhances the overall experience for both property owners and tenants.

In essence, our success in minimizing rental turnover and maximizing rental income stems from a combination of speed, diligence, and specialization. By surpassing market averages in rental turnover and listing views while maintaining rigorous tenant screening standards, we empower property owners to realize the full potential of their investments.

In an industry where time is money, our commitment to efficiency sets us apart. Whether you’re a property owner seeking to optimize returns or a prospective tenant in search of your next home, trust in our proven track record of excellence in property rental management.