According to a report by The Deposit Protection Service (DPS), the custodial tenancy deposit protection scheme accredited by the Government, void periods between landlords, who market properties directly ,differ from those who use Letting Agents.

It was found that on average, letting agents ensure that the void period on a property is kept to within two weeks on 63% of properties compared to only 38% for those marketed by landlords directly.

It’s been estimated that the cost to landlords of rental voids is more than £3billion a year. Jonathan Detheridge, Managing Director of Go Lettings, said ‘though some landlords market their properties effectively, landlords who advertise on their own, do not have access to the breath of distribution available to the letting agent, Rightmove, FindaProperty and Zoopla to name but a few. With demand out-stripping supply, there is simply no excuse for allowing properties to remain empty and not earning an income. Because we re-market properties as soon as notice is received, many of our clients are used to the perfect scenario - no void at all - with a new tenant moving in the day after the previous one moves out. This system allows our landlords to get the very best return for their investment property. Those landlords with property to rent in Nottingham or Leeds advertising themselves should give us a call to see the difference we can make.  We operate a no-let no-fee policy, so we don’t charge our landlords to advertise their property – it’s a win-win’.

To read the DPS report in more detail, please click here

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