How many enquiries turned into full applications on your last let?

M

Moses_

New Member
Messages
1
I'm a small landlord in Wexford. When I let my house this year I had about 73 enquiries, and about 40% sent a full application once I asked for one before viewings. I'm trying to work out whether that's typical.

For anyone who let a property in the last year: roughly how many enquiries did you get, how many sent a complete application (references, proof of income) without being chased, and how did you pick from them? Did you do it yourself or use an agent?
 
sent a complete application (references, proof of income) without being chased
Click to expand...
I don't chase anyone. They either provide whats asked for or they are dropped off the list

, and how did you pick from them?
Click to expand...
decide on your criteria
what / who is the property suitable for
where are they working - is it commutable (you'd be surprised how folks don't check this)
How long are they in employment
Affordability - no more than 30% of their income
payslips - 2 months or 6 weeks
referees
Previous rentals

Did you do it yourself or use an agent?
Click to expand...

I'm firmly of the belief that no one looks after your business as well as you.
 
Everyone knows now to send work references, salary details, job details and previous landlord references with an application or it gets binned.
You can read between the lines if their is a lack on any of that in their application that you dont like and just bin it without replying. Replying and asking for anything they didnt provide could get you in trouble, so just dont reply if you dont have enough detail for you to follow up.
 
I don't ask before organising the viewing, but ask to have them available for the viewing. I do receive them but I don't ask at that point. Got about 200 messages in 2/3 hours before stopping the advertisement. reviewed them, invited 10 asking them to have the necessary information with them at hand for the viewing. The most organised will have them, some might send them just after the viewing if they are interested (which I find fair enough). I don't chase them.
I don't use an agent, we are always 2 doing the viewings. Both of us have an extensive experience in recruitment and have somewhat the same kind of approach to viewings (any doubt, it's no).
 
Premos said:
I don't use an agent, we are always 2 doing the viewings. Both of us have an extensive experience in recruitment and have somewhat the same kind of approach to viewings (any doubt, it's no).
Click to expand...
That is the approach you have to take now. You could be a couple of years extracting yourself from a non-paying tenant and a troublesome tenant you might not be able to exit from at all.
 
You must log in or register to reply here.
Back
Top