Letting campaigns are a stressful process for investors, there is a risk of ongoing vacancy affecting your cash flow – and there is the risk of finding good tenants for your property.
When processing an application, we take multiple steps to ensure that a 5-star tenant is going into your property; these include:
Affordability – the combined household income for the property should allow for 1/3 of the income to go directly towards rent. This ensures that the tenants have access to money for bills etc. while not eating into rent money. A lot of the time, the tenants think that it is easier to pay a bill opposed to their rent, however ensuring that the income fits this affordability this dramatically reduces this risk
Tenancy Checks – checking on tenancy databases gives incite into the tenants past. You can be blacklisted for damage to property, rent arrears and Civil & Administrative Tribunal listings from across the country.
Rental References – the best indicator of future actions is their past actions. This is why we process rental references on both their current and previous rental properties to ensure that they had rent paid on time, no damage to the property and how they left the property.
Personal References – checking personal and professional references ensures that we can background check as much as possible any ingoing tenants.
Property is generally the biggest investment that people make in their lives. We understand that it is imperative to ensure that you are getting the best quality tenant in your property, long-term. If you need a health check of your property – contact us today.