Making the right choice of tenant for your
rental property is very imported.
Good tenants play a
vital role in ensuring your peace of mind– and they’re not always easy to
find.
Rental properties
are a business and your tenants are the employees, so it’s imperative that they
are top quality, that they take their responsibilities seriously and that
they’re committed to the long term.
Here are some key
tips for tenant selection that will help you find quality ‘staff’ who are
reliable, motivated and committed to working with you to protect your investment.
- Screen
prospective tenants carefully and thoroughly
Strict screening is
absolutely essential if you are to find the best tenant for your property – and
it’s not easy to do this on your own, which is why landlords enlist the
services of professional property management companies. But now you do have
another choice "RealRenta”. RealRenta can screen your
prospective tenants on bad tenant databases to identify tenants you would not
want in your investment property
- Contact
their references
Many landlords have
made the wrong choice of tenant simply because they didn’t follow up on
references. Unscrupulous tenants may even falsify testimonials to secure a
property – and the losers are generally the landlord. It does take time to
personally contact referees and check that the information provided is correct,
but it’s an important part of the screening process and an absolute necessity.
It’s one of the reasons that many landlords choose to list their properties
with property management companies.
But again now you have another choice in "RealRenta” whereby
for a fee they will do a full tenant check. Bad tenant database checks and
contact their referees, providing you with a report.
- Find
out why they want to rent the property
Understanding
someone’s motivation for renting can be an important pointer as to whether they
will be a quality tenant or not. People with long-term employment contracts,
who work in the area or whose children go to the nearby school are more likely
to be solid, reliable, long-term tenants than someone who is looking for
interim accommodation before buying their own home or switching jobs.
Jason Gwerder
Friday, 22 July 2016
