Jump to content

Void Periods


Recommended Posts

Hi all,


I am trying to set up a budget for around 3 properties, I wanted to get a consensus from the other investors as to what % do they keep for void periods or how many months rent everyone recommends one should keep for void periods when you have more than 2 properties.


I am not sure if I should be holding more cash as I will have more properties and therefore more risk or less as not everything can go wrong at once (I hope).  Please help!

Link to post

I factor in one week a year for each of my properties -I rent to LHA tenants and voids tend to be less. I think 2/3 weeks a year is probably sensible. It tends to go you may get none for a year or so then a void. The key is to keep your tenants happy and try to ensure you know their intentions when a tenancy period is coming to an end. In my experience they will tell you if you ask and if you have a heads up you can start marketing the property again before the tenant leaves.


A good tenant may also show somebody round and tell a prospective tenant what a great landlord you are or even better recommend you to a friend !


The Manchester Meetup takes place on the first Thursday of every month, find out more here

Link to post

I factor in one month (which I think is realistic when you factor in cleaning, any necessary repairs as well as advertising and vetting tenants), but I've heard people recommending as high as two months.

I guess some of it comes down to your attitude to risk, as well as how well you know the rental demand in your area, and the likely turnover of tenants.

Link to post
  • 4 months later...

I'm the same as lee and factor in about 1 month of void periods. (I say 92% occupancy rate to be exact.)


When I first acquired my properties I didn't know what to do and then just monitored this as time went on.  At the end of a 1 year period whether it be from the date of purchase or calendar year etc. I then work out these rates for each year and then average them out per property. My properties tend to vary as I have different levels of desirability and competition in each area so each has a different value but I've settled on this amount as a good average.


For me this is a reasonable time to do any review of the property and conduct and maintenance as well as find new tenants.  The process of vetting a new tenant may be quick but you have to coincide their end dates with another tenancy agreement and so it could be a couple of weeks later than you'd like.

Hopefully you can work out what your own portfolio range is as it depends on a lot of factors. Like do you find your own tenants to you ask for a high or average rental for the property etc. etc.)


Link to post

Thank you Kish151.  That does make a lot of sense.  I think after running them for a year I will have some real data which will allow me to analyse and make a judgment call.

92% is an excellent rate! well done.

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...