How to Find the Best Tenants with Property Management Gold Coast - PowerPoint PPT Presentation

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How to Find the Best Tenants with Property Management Gold Coast

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Finding a reliable and fast tenant checker service is vital in finding the right tenant for your property. Online systems can check tenant suitability in a matter of minutes. Ensure all the boxed are checked before accepting a tenant to get a better chance of finding your ideal renter! – PowerPoint PPT presentation

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Title: How to Find the Best Tenants with Property Management Gold Coast


1
How to Find the Best Tenants with Property
Management Gold Coast
mrwrightproperty
2
Most Landlords and Letting agents have a clear
idea of what their preferred tenant should be
like. This tenant is professional, reliable,
polite, prompt with rental payment, considerate
to neighbours and overall causes no concern for
the landlord or letting agent at all. But how do
you find such a catch without running a tenant
check? All of the above characteristics are very
desirable, but above all these things, what a
letting agent or landlord really needs in honesty
and communication. A tenant that will communicate
when there is an issue and work with you as the
property owner to reach solutions makes
everybodys life easier. On the other hand,
having a tenant who does not answer
correspondence, is not helpful when issues arise
and cannot be contacted when the rent is due can
become a nightmare very quickly. The following
will detail how to run tenant checks successfully
to help you find those wonderful tenants.
3
  • There are a few steps a landlord or letting agent
    can take to fully check tenants before accepted
    them into the property management Gold Coast
  •  
  • Credit Checks
  • Running a credit check on a prospective tenant is
    about confirming that they are financially
    responsible, most credit reports will confirm
  • That they are on the electoral register
  • Confirm previous addresses
  • Any bankruptcies or insolvencies

4
  • Employers reference
  • An employer reference check should just confirm
    the tenant's employment status. Most employer
    referees will not provide anything but factual
    information.
  • You should be confirming
  • The tenants annual Salary
  • How long they have worked for the company
    stated
  • If they are part-time, full-time or contracted
  • Confirmation that the referee is the tenants
    current employer

5
  • Landlords Reference
  • If the tenant you have in mind is already living
    in a rental property then it is very much worth
    your while getting a reference from the previous
    landlord. Any good reference will ask for
    following questions
  • How long was the tenant in this property, what
    were the contract dates?
  • How much was the rent for this property?
  • Did the tenant pay their rent on time?
  • Would the landlord recommend this tenant?

6
  • Guarantor's reference
  • If a situation arises where you are unhappy with
    the results of the tenant checks then a using a
    guarantor may be a good option. This is usually
    done for those who are students with no secured
    income, a tenant with a low income or a tenant
    who has an irregular employment history. A
    guarantor will be a close relative or someone
    willing to assume financial liability for the
    tenant if the tenant stops paying rent. This
    means that if the tenant defaults on rent it is
    the guarantor's responsibility to take over these
    rental payments, protecting your property
    management Gold Coast investment.

7
Thank You
Mrwrightproperty Address - 108/137
Laver Drive, Robina, QLD, 4226
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