An online agency claims landlords who use online operators are likely to reduce average void periods by up to a week.
In a claim that is likely to trigger counter arguments from traditional lettings firms, Upad says it typically achieves voids of two weeks rather than the three which is the norm according to data from the Association of Residential Letting Agents.
The only sector, Upad claims, finds tenants quicker “thanks to its tech savvy approach in addition to expert marketing and paperwork support, seven days a week.”
It says that void periods potentially cost a landlord letting a property at the UK national average of £908 a month, £628 in rental income.
“Working efficiently on a national scale has allowed us to develop effective strategies to slash void periods for our landlords. We also use the latest technology to get all enquires to our landlords as soon as possible. Then, when tenants are ready to sign, our online system makes it easy for them to pay deposits and agree the contract so they can get moved in and paying rent straight away” claims the agency’s chief executive James Davis.