Dealing with property voids
With all best interests, void periods do happen and most landlords and letting agents will find themselves with a vacant rental property on their books at some point. It’s important to keep protecting your property investment to keep the property safe and secure and in good condition until the next tenant moves in.
Your insurer will need to know if the property is left vacant for an extended period of time, and the costs may rise as its considered a higher risk.
Your empty rental property will also present more of a risk to Landlord and Letting Agent due to potential vandalism, theft, squatters, electrical faults, mould, weather damage et.
Property security and maintenance
You can minimise potential problems by securing the property (consider changing locks between tenancies). Keep on top of maintenance tasks (interior and exterior), regular service of boiler et. Consider switching off utilities such as electrics to minimise the risk of fire. If winter season, consider leaving heating on minimum to stop any mould issues. Keep up-to-date with smoke and carbon monoxide alarms checks.
Asking the neighbours to alert you if they spot any suspicious activity or leaks before they create permanent damage to protect your investment.
Protecting your property investment in a void period
Vacant property inspections are vital for the protection and security of your property. Most insurance companies require vacant properties to be visited regularly to check for any issues and ensure they are dealt with promptly.
As a private landlord ourselves, we understand the importance of protecting your property investment when vacant by keeping your property safe and secure during void periods. It’s easier to do if you live locally, but you should consider instructing an Inventory provider to do it in your absence. We offer vacant property inspections to check for any damage and arrange any repairs.
