Sisi Eko Apr 08 EazyNews



I have come across so many instances whereby tenants stay in a house over a year without paying their rent. Choosing the right tenant is very important for landlords, but also it poses some potential problems, with demand for rental property so high.

While choice is always good, it can be difficult to differentiate. So what should you be looking for and how can you make sure you choose the right tenant?

Here are some few tips on things to look out for when choosing the right tenant:

1. Check references

References are amongst the most useful tools available to you in the hunt for reliable tenants. The references you request will depend on the nature of your property. But residential landlords would be wise to request at least a verifiable reference from the prospective tenant’s employer.

Although, you should remember that this is not an absolute guarantee of the tenant’s ability to pay their rent. Similarly, as the landlord, you can ask for an affordability reference from the prospective tenant’s bank. The bank will tell you whether or not, in their view, the tenant is good for the money.

2. Consider credit checks

You may also consider running a credit check on your prospective tenant. This is particularly helpful in identifying previous bad debts, its uses are therefore twofold: a credit check can help you judge whether or not the tenant is likely to pay the rent or more accurately whether they have a history of non-payment and it can help you judge whether or not the tenant has existing disputes that might, in the worst cases, cause bailiffs to come knocking at your property.

3. Always trust your instincts

The importance of trusting your instincts really cannot be overstated. If the tenant’s references are fine but you are still unsure about the individual, you should listen to your gut feeling. Remember that you are not obliged to let your property to anyone you would be uncomfortable doing business with.

Click on this link to read more: http://www.eazyhc.com/eazyhomeblog/important-tips-for-choosing-the-right-tenant