In the last three months we have seen growth in our residential and block management portfolios, which has kept us busy! At the same time we are seeing a high level of lets, meaning our vacant property percentage is currently standing at only 3.9%. That's over 96% occupancy for the residential properties we manage, the hard work pays off!
The challenges we are currently facing revolve around letting lower quality housing stock, we have been working closely with our landlords to enhance such properties and change what were perhaps not the most desirable places to live into modern homes that will attract lovely tenants to come and take care of them. This type of collaboration is how our vacant percentage is kept low, by understanding the market and being honest with our landlords about how to raise the interest in each property.
If you'd like to discover more about how we collaborate with our investment landlords - feel free to get in touch.