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6 Key Ways Estate Agents Stratford Can Help You Increase Your Rental Income in East London

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When you are a landlord, rental yield is one of the most important aspects you must take into account. Rental yield can be affected by several things that are not under your control such as market fluctuations or the local economy. However, there are also things that you can control to ensure a better yield.

Keep reading to learn 6 key ways real estate agents Stratford can help you increase your rental income in East London.

What you can find in this article:

Our experienced estate agents in Stratford are always available to support landlords and help them navigate the rental market. Contact us at 0207 055 0441 to learn more about how we can help you avoid vacancies and increase your rental income for your property in East London.

Suggesting Ways to Improve Property Value

property sell

One of the first key ways estate agents Stratford can help you increase your rental income if you have a property in East London is to help you make the most of the home you are letting.

Experienced estate agents in Stratford know exactly what features tenants are looking for and what makes a property more attractive to them.

By working with a knowledgeable estate agent, you can learn about what you can improve about your property in order to attract as many qualified tenants as possible and drive up the rental price.

For instance, if your ideal tenant is a family with children, our estate agents Stratford may recommend you install a swing in the backyard. Or, they could recommend you install a washing machine and a dryer.

Each type of tenant will be looking for something else. The key is to know what that is.

An experienced Stratford estate agent can help you both define your ideal tenant and make changes to the property to attract that exact type of buyer. In most cases, the changes you’ll need to make to the property won’t cost you an arm and a leg, but they will increase the property’s value and, therefore, your rental income.

Our estate agents Stratford will also be able to give you recommendations on how to set up the home for pictures and visits so that potential tenants will be instantly attracted to the property. The more potential tenants you can attract, the higher up the bid for your property will go and the more your rental income will increase.

Charging the Right Rent

Houses-for-rent-private-Landlords-near-me

Another key way in which estate agents Stratford can help you increase your rental income in East London is by advising you how much to charge tenants for their stay.

Many times, landlords do their own research online trying to determine the right rental price. However, while being informed is always a good idea, doing your own research will only take you so far.

On the other hand, using a Stratford estate agent with local market experience will give you access to insights about what tenants are looking for that you will not find online. This way, you can ensure you charge the right rent, and you don’t deny yourself opportunities that could increase your rental income.

Shorter Vacancy Periods

One aspect that is sure to affect your rental income is vacancies. Vacancies are perhaps what landlords fear most. And for good reason. Having weeks, if not months of zero income will definitely affect your rental yield.

A good Stratford estate agent knows that. And they will do their best to make sure your property is occupied, and you have little to no vacancy periods by being in contact with the existing tenants and starting to market the property before they move out.

Although this will not increase your rental income per se, it will ensure a steady flow of cash and increase your rental yield.

Attracting the Right Tenants

As mentioned above, as a landlord, it’s best to know exactly who your ideal tenant is.

Is it a family with small children? Is it an older tenant with a cat? Is it a rock band drummer?

It doesn’t matter who they are. What matters is that you know who you are marketing the property for. And this is exactly where an experienced agent can come in.

Our Stratford estate agents have helped many landlords in East London define their ideal tenant and then ensure the property they are letting fits that specific type of tenant by adding the features they are looking for.

When you know your ideal tenant and you ensure the property has the features they want, you can increase competition between potential tenants and increase your rental income.

On top of this, our experienced estate agents in Stratford can market the property in a way that will surely attract the exact tenant you want. Using multiple online and offline platforms and networks, they can secure as many potential tenants as possible and, in doing so, drive the rental price up to increase your rental yield.

In addition, they will do background checks and get referrals for potential tenants to minimize any risks associated with renting your property such as damage or inability to pay rent regularly or on time.

Rental Reviews

house rent

Every landlord knows that rent reviews are another very important aspect of letting a property that are sure to affect your rental yield.

However, in many cases, landlords do not increase the rental price as often or as much as they could because they fear losing their tenants and having to look for new ones.

Our Stratford estate agents have the market knowledge it takes to properly valuate your rental property from the very beginning. Therefore, they can recommend an appropriate rental price that is more in line with the rent charged for similar properties at any given time and they can advise you when and how you can regularly increase the rent you charge.

Handling Negotiations

This is where another key way estate agents Stratford can help you increase your rental income in East London comes in. Namely, negotiations.

Negotiating isn’t only an important part of closing the deal with a tenant. It is also important throughout the lease period and whenever you need to increase the rent.

No matter what anyone says, negotiation is always an option.

Our Stratford estate agents will represent you in your relationship with the tenant and:

  • Negotiate a higher rental price by encouraging competition for your property
  • Negotiate additional expenses and costs included in the rental price that won’t affect your rental yield but will increase the rental price
  • Negotiate rental price increases regularly

It’s always best to have an experienced partner by your side whenever you are letting a property in East London. Our Stratford real estate agents can help you secure the best price and outcome using their local market expertise and knowledge. To learn more about how we can help you, contact us at 0207 055 0441.

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Our Agents

Estate Agents Qaiser

Qaiser Masood

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Rizwan Ashraf

What Our Customer's Say

Samarpan Thorat
Samarpan Thorat
2022-02-18
They have multiple options.
Lana Matta
Lana Matta
2022-02-01
Exceptional service! Always on time and proactive!
Adetola Ajala
Adetola Ajala
2022-01-24
From just a walk in to prompt service delivery. Adil took time to explain about property market and was very professional in every aspect of negotiation and final house letting process. So far property management has been satisfactory.
Amit Bains
Amit Bains
2021-12-10
I chose REMAX and Adil specifically to manage my property in the Canning Town area because I could tell the enthusiasm and customer service levels were extremely high. I have not been disappointed given the current market and global situation over the past year and more I could not have asked for a more attentive agent then Adil and the wider REMAX team
Adnans Syed
Adnans Syed
2021-12-06
Remax barking is best agents Mr Adil is best Man to deal with we take House From Mr Adil in 2018 now in 2021 we are moving From house But There service is very professional and decent I moving my house but in many years no problem with them regarding anything I live in U.K. since 15 years but this is the best agency we had if you guys be with remax barking road you never be a disappointed that’s for sure great service see you in future Mr Adil thanks for you kind service god bless you 🙏
Thunicia Moodley
Thunicia Moodley
2021-11-28
I approached REMAX after being dissatisfied with another agent in the area, who was very poorly responsive, negligent with our property, & unable to rent it out for 3 months. From the first interaction, Adil was highly responsive, provided advice on what was required to bring the property back up to standard, and swiftly obtained quotes for all work that needed to be carried out. REMAX oversaw completion of the extensive work & secured tenants in approximately 4 weeks. I initially contacted REMAX, amongst other agents, due to their high Google ratings. Based on my own experience, I rate the level of customer service & professionalism 5 star. Thank you Adil & Team.
Anam Asghar
Anam Asghar
2021-11-27
Excellent Customer Service and prompt action been taken when finding property for my self… Highly Recommended 👍🏻
Nitu Mariana
Nitu Mariana
2021-11-17
I have just secured a new apartment using the REMAX Canning Town Branch, and during the whole process, Mr Masood Qaiser was very helpful. I contacted him through Facebook regarding the available property. He was very professional, good communicator. Patient and reliable. Explained all the processes and followed up with emails and calls, which helped put my mind at ease and helped me throughout the whole process, making the process smooth and easy. Even he helped me with switching the bills. So I very much recommend this agency. I had a positive experience with them.
Martin Parvanov
Martin Parvanov
2021-11-15
I saw so many properties to rent in Facebook . You have so many advertises and when I ask Julian if they are still available He doesn't reply to me. Even not only him ..There is another guy I can't remember his name and he doesn't answered on my messages as well. This is the reason to give you only one star
Saugat Budhathoki
Saugat Budhathoki
2021-11-11
I've used Remax Canning Town Branch for Letting my apartment in Rathborne Market. Mr Rizwan is reliable and goes the extra mile to help and secure the professional tenants as I wanted. On top of his knowledge and experience, Rizwan is kind and personable, a pleasure to work with him, and I recommend REMAX wholeheartedly.

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