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Rental yields are a key focus for landlords and are essential for covering costs of letting and maintaining a buy-to-let property.

As well as keeping up-to-date with regulations, there are several things you can do to help maximise your rental yield and retain quality tenants. Read on to discover our top tips.

How to Maximise your Rental Yield

Optimise Rental Rates:

Staying competitive yet profitable in the market is key to increasing your rental yields. It is important to keep an eye on the local rental market to ensure you’re not only competitive, but you’re maximising your rental yield without pricing yourself out.

Knowing what’s going on in the area and the market means you can make regular rent reviews and maintain a healthy rental yield.

Upgrade Your Property:

Equipping your property with high quality, time saving facilities such as dishwashers, driers and even work desks for hybrid workers can attract more interest from tenants and place your property ahead of the competition, thereby helping to ensure a good rental yield.

If your property stands out from the competition, there’s a good chance tenants will pay a premium to rent it.

Thorough Tenant Screening:

Reliable tenants lead to timely payments and a steady cashflow.

Our Tenant Find Only service is great for landlords who want to be more hands on but don’t want the hassle of finding quality tenants. Our team is committed to find reliable tenants to help minimise vacant periods and ensure your property is in good hands.

Find out more about our landlord services, here.

Regular Maintenance:

A well-maintained property attracts higher rents and means you can minimise the need for costly repairs in the long run.

Open Communication:

Extended vacant periods will negatively impact your rental yield, so it’s important to find quality tenants and build a good relationship with them. Happy tenants stay longer and help make sure your rental income remains steady.

Maintaining good communication with your tenants means you can ensure your property is well maintained, with any issues reported promptly.

Consider Property Management:

Save time and money buy considering property management. Our letting experts are landlords themselves, so are best placed to help you achieve the best rental yields possible, no matter where your property is located.

We make lettings simple and are proud to offer a flexible and comprehensive list of landlord services which are designed to return the best results for all our clients. Let us handle the work!

Location Matters:

Location is a key deciding factor for both landlords purchasing buy-to-let properties and tenants seeking rental properties. Therefore, to maximise your rental yields, it is essential to choose high-demand areas which can command premium rental prices.

If you’re looking to purchase a property or expand your portfolio, researching up and coming areas where property prices are comparatively lower is essential. Making sure there are adequate transport links and great amenities means you can charge higher rents and maximise your rental yield.

Find Out More about Landlord Services

If you’re in search of a trustworthy property letting agent to rent out your property, look no further than SevenLiving. Our team is committed to fulfilling all your requirements. Reach out to us today and let us show you how we can help you maximise your rental yield and deliver the best results.