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Having a positive relationship with your tenant is important when renting out a property. But what are the best qualities to look for when choosing a tenant?
Ideally your tenant should respond quickly to calls or messages, as this makes it easier to get any problems resolved, however, it's not always the case and that's where relying on a letting agent can be beneficial.
Your investment is your financial security. So, having a tenant that is respectful of your property is essential.
Rent should be paid on time every month. Whilst sometimes defaults can’t be avoided, a good tenant should pay in full whenever the rent is due.
If there comes a point when your tenants can’t pay, they should keep communication with you so it can be resolved.
Four tips for vetting your tenants:
- Choose a tenant with good credit – ensure your tenant is financially responsible by getting a credit check. If your tenant is responsible when paying bills, chances are they will pay their rent on time.
As well as offering fully-managed services, we can help you locate the best tenants that meet your requirements as a landlord.
- Get a tenant reference – a reference check gives you a good idea of whether an applicant will be a suitable tenant.
This will provide key information on a renter's employment history and ability to pay rent, as well as any previous dealings with landlords.
- Meet potential tenants – it’s important you have a good relationship with your tenants so meeting them is essential. Furthermore, it’s a great opportunity to ask any important questions face-to-face.
- Listen to your letting agent – your agent will only find you suitable applicants for your property. They will also be able to provide you with advice on choosing a tenant based on their experience working in your local area in the past.
Take a look at our property management services or contact us today for more information.