How long will it take to rent my property?
How long a rental property remains on the market indicates a number of things: its pricing compared to similar properties, its presentation to prospective tenants and specific market demand for properties like yours. Vacant properties may necessitate an alternative approach to currently occupied ones in order to reduce periods of vacancy.
Your property management firm should provide you with current “days on market” figures for properties comparable to yours. These figures can inform your dialogue and help you settle on optimal pricing in order to reduce vacancy periods and ensure maximum income consistency that is also optimised for the current market.
The pricing and market demand for comparable properties, in conjunction with the proactive approach of your property management agency are the biggest determiners for how long it will take to rent your property.