Aaah yes, so close to the weekend now! A good end to a week of hard work.
Hard work?! Agreed lots of tenancies have you, Ted? Sold some properties? Spoken to lots of clients?
Or rather, agreed to lick yourself a lot, sold some treats to the cat next door and spoken to lots of neighbourhood dog you like?
Well…yes, that too.
Honestly, Ted. I wonder if anything’s going on in there sometimes.
Hey! Actually, I’ve been thoroughly interested in Maxine Lester’s recent market update today.
Oh, really? What did you learn, Ted?
Get this – the number of people looking to rent has increased, and the average length of the tenancy has increased as well!
I, personally, have a lot of dogs interested in renting my kennel. Simply don’t have the space though, you see. I might look into renting out the patch of grass next to it…
I don’t think that’s a very good idea, Ted.
However, tenants are choosing to stay in their properties longer. The average tenancy is now 21 months! This is probably down to rising property prices, meaning people are increasingly seeing renting as the only viable option.
Very interesting. It’s good to see that the Maxine Lester team are smashing it! Right Move found that the national average of days to find a tenant is 29, but the team are managing 21 days!
Impressive! I’ve had word that they are setting up workshops in 2018 for landlords to show the impact of rent increases. They really do think of everything.
They haven’t thought of a way to get you to stop getting paw prints in the office yet…