Finding a quality tenant

Posted under Advice by Alan

A quality tenant is one who takes good care of your property; pays you on time and, at the end of the tenancy contract, hands over your property without delay. A proper screening of a potential tenant can give you peace of mind whilst letting the property.

A simple way to find a good tenant is to put a brief ad in the local news paper and divert inquiry calls to an answering machine, then spend your free time contacting interested callers. Inform them about the time and date when you will be available to show them your property. It is better to call all of them on the same day and time so that you need not have to put off other assignments. This way you will save spending time on those who are not seriously interested in the deal.

After showing your property to the interested tenants, you might find some people more interested in talking to you about the offer. Such people, who stick around, are likely to qualify as good tenants.

Obtain full details of these potential tenants in the form of applications, including their place of employment or business, present location, reasons for renting; their income and capacity to pay deposit and rent. Get their credit report to ensure that they have regular flow of income and are punctual in payments.

Before making a final selection, ensure to check their relationship with any existing and previous landlords and neighbours.

This process of screening will help eliminate your worries once you decide to let your valuable property to the person who qualified as the best, according to your standards.

More