Well it has been a busy old start to 2023, with a huge number of tenants registering their interest over the Christmas period and a good level of rental properties hitting the market.
Over the weekend we had seven open houses on our rentals, four of which were properties we had already been managing, giving us a great opportunity to see how those rental prices have been fairing.
Staggeringly the rentals we achieved on those four properties equated to over a 15% increase in the monthly rental return (£4,200 per month collectively compared to £3,570 previously). A huge increase over the last twelve to eighteen months.
With a real shortage of quality rental properties coming to the market, and an oversubscription of tenants looking for properties it may well be time to take a look at your portfolio.
Here at Julian Wadden we are happy to do this for you, free of charge. Using market evidence and current trends we can give you an up to date idea of what you could be achieving, you may well find yourself surprised at the amount you have been missing out on!