Avoid the less desirable tenants with Property Property Property’s specialist advice on how to find the best tenants. Take our advice and be a magnet for the best tenants to your property…
Rivalry to secure the best tenants is now brutal since the nationwide explosion in rental properties became obtainable. However if you do some good planning and forward-thinking, you will be able to secure the finest tenants each time.
So what is a good tenant you wonder? Well the perfect tenant would be someone who has a secure income, who is responsible with their budget, and someone who pays the rent on time every time.
A few other things landlords and agents consider to be a good tenant are people who can provide their own deposit, can move into the property within 2 weeks, has their own furniture, no pets, someone who does not spoke, and has a stable job. One more thing that is important to landlords and agents is finding a tenant who is looking to stay at the property for more than six months.
We at Property Property Property believe the best tenants will understand that the little jobs around the house or apartment are actually their own responsibility rather than the landlord or agent.
Are there any telltale signs that points out a bad tenant?
There are definitely are ways to spot the bad tenants. Some of the obvious ways to spot a bad tenant is if they mess you around when it comes to paying the deposit, or if they failed to tell you about any CCJs you discovered when doing the credit check.
Whilst it is important to lookout for telltale signs of a bad tenant, you should also never ‘judge a book by its cover’ and judge a person on first impressions.
A sure fire way to check whether someone is likely to be a bad tenant is their credit check, so we couldn’t stress any more how important doing a credit check on someone is.
How do you find the perfect tenant?
One of the best ways to find the best tenants is to use an agent as they have a lot of experience in weeding out the bad nuts, so to speak. If you only let once or twice a year, or if it’s your first time, you will not have the experience that agents have… it could save you money, stress and trouble in the long run.
It is so important to present your property in the best possible condition, as this will draw the attention of best tenants. Get the property professionally cleaned; make sure you have neutral colours throughout the property – think of it as someone’s blank canvas.
Don’t forget that once you have found your perfect tenant, you have to keep hold of them, so be sure to maintain the property to the standard the tenant came into it as.
A lasting tenant is a precious asset in this aggressive rental market so we do recommend that you keep on top of all the small jobs that will help the tenant to feel at home.
The most important rule is to make sure that you have a good relationship with your tenant, when they want to talk, take the time to talk to them and help with any problems.
How to spot a less desirable tenant
- Bad references from their previous landlords
- Bad credit rating or CCJs
- Only looking for a short-term let
- Won’t meet up with the landlord in person
- No guaranteed monthly income
- Refuses to make their monthly payments by standing order
- Unwilling to take responsibility for minor maintenance and the garden
- General uneasy feeling about them
With all this in mind, if you are thinking of moving, or buying your first/next property, why not start the search here