Choosing the right Tenant
How to choose the right tenant
Picking the right tenant can be a tough decision, especially if you’ve experienced the impacts of less than stellar tenants in the past. Whether you had to make significant repairs to the property or fielded complaints about a previous tenant, it can make property investment extra stressful. Enlisting the help of your property manager (that’s what they’re available for!) can ensure you secure the best possible tenant for your property. And with their advice and experience, they’ll keep the following things in mind to make sure you choose a high-quality tenant, ideally who’ll stick around renting your property for a while.
Make sure your property is well presented
Presenting your property well, ensuring all maintenance and repairs are completed before the property is listed and open for inspection will help you attract people who will take the same diligent care of your property. If this means you need to wait a week or two for the current (messy) tenants to move out, sometimes this can be worth the wait. Further, a high-quality tenant can better visualise themselves living in the home if it’s well presented.
Observe the attendees at the inspection
When it comes time for an open home, make sure your property manager observes the attendees and notes who is organised with their application. For example, if all your applications state that people are non-smokers, but your property manager could smell cigarettes, it’s worth being mindful of who that may have been. Your property manager will have gone through many open homes before, so they’ll be able to tell you their recommendations based on meeting the prospective tenants and assessing their applications.
Read between the lines
Your property manager will be able to read between the lines on rental applications. If an applicant has lived in a handful of properties over the last couple of years, for example, this may raise some alarm bells. The applicant may have a genuine explanation, such as moving around for work. As applications are processed, your property manager will pick up things like this and make sure a person is truthful, and any red flags are addressed.
It’s worth going with your gut
If you and your property manager aren’t getting a good feeling about an applicant, it may be time to move on and keep attracting some better-suited tenants to your property. While this may mean waiting a little longer before you find a tenant, just like waiting for a messy tenant to vacate, taking some more time to find a quality tenant while the property is vacant is much better in the long run than rushing and approving a problem tenant. The same goes for when you need to pick from several tenants who you’re not comfortable with either.
Finding a quality tenant can feel elusive sometimes, but with your property manager’s advice and experience, they’ll be able to make sure you take your time and find a tenant that will take just as much care for your property as you would.
Remember, this article does not constitute financial or legal advice. Please consult your professional financial and legal advisors before making any decisions for yourself.
PS: What a client had to say;
I would also like to take this opportunity to thank you for being an amazing property manager, it has been an absolute pleasure dealing with you and you are an amazing women. Thank you for being you, we all think you are awesome.
I would also like to wish you and your Family a very Merry Christmas and a safe and Happy New Year.
Looking forward to 2017, I hope you are too
Jodie King & Chris Nugent
- Jodie King & Chris Nugent
I have known Jennifer for 8 years, I first met her when I needed to list my property for sale.
The property was situated at 11 Alice Street Mango Hill, Queensland.
From the start she was very friendly and professional, I was working away at the time and had no-one to look after the pool and garden while I was not there which made attracting potential buyers very hard, but through persistence, road blocks and other unseen forces Jennifer eventually sold my property.
Jennifer is a very hardworking professional and caring agent, there are no smoke screens or false promises from her, not like other agents.
I would highly recommend Jennifer to look after the sale of any property.
Thank you again for all the effort you put into selling my place.
- Lance Field
Robert and Gaelle
Just a short note to say thank you for acting on our behalf in the sale of Grayling Court house.
Behind the scenes, the sale was comparable to a Cecil B. DeMille production of The Ten Commandments.
Robert and Gaelle