24 Feb Avoiding ‘bad’ tenants! (and other rental property issues)
Rental property issues such as evicting bad tenants can be costly.
The first line of defence in avoiding bad tenants is screening each applicant. The process can be time-consuming as well as very frustrating. All landlords want to avoid bad tenants, which is why it is imperative that you screen your prospective tenants carefully before you hand over the keys to them.
Often, rental properties where landlords deal with prospective tenants on their own are targeted by bad tenants since their financial history is less likely to be investigated. ‘Bad tenant’s’ know that if they approach a reputable property management company they’re likely to be more thoroughly vetted.
The advantage of hiring a reliable property management company is that they are experienced enough to notice any red flags which might escape the notice of the rental property owner. A good property management company also conducts research necessary to minimise the risk of bad tenants.
How to avoid bad tenants?
Here are a few things you want to make sure you and your rental property management to avoid bad tenant issues
Rental Property Tenant Referencing:
Make sure your rental property manager thoroughly checks the references of ALL prospective tenants, which should include the following:
• Run credit checks
• History of employment and current employment status
• Current and previous rental history
• Employment references
• Landlord references
Be Wary of Cash Payers:
Sometimes tenants may offer to pay cash upfront for a large period. This may seem appealing to you as a landlord, but don’t agree to this. There can be two reasons why a tenant may offer your cash up front:
• The tenant doesn’t want to be disturbed and wants the landlord to stay away from the property because they’re hiding activities that they don’t want the landlord to know about the property.
• The tenants have AWFUL rental history, so the offering of large a sum of cash as a diversion. Of course, this may not always be the case, but it’s something to be wary about.
Don’t Accept the First Tenant That Comes Along:
Do your research, find the right tenant for your rental property. Unless you have done your homework, don’t give your property to just anyone. It’s important to take time over vetting your prospective tenants and making sure they’re right for both, you and the property.
To help you avoid bad tentants, Fahey Property Managers bring together a wealth of rental property management and tenant consultancy experience. Our passion for customer service provides both landlords and tenants with a stress-free property rental experience and helps both parties avoid the rental property issues that can come about.
We offer expert property management tenancy dispute service and support for both landlords and tenants. We are able to support landlords and tenants wishing to make an application to the Tenancy Tribunal or requiring initial advice before they commence any dispute resolution process.
For more information or a no obligations discussion, please contact Angela Fahey of Fahey Property Management for tenancy support services.
As Angela Fahey’s client you get a free Sky installation and start up free for the first month. Contact Fahey Property Management for more information.