When you’re a landlord in Canberra, finding the right tenant can be one of the most critical aspects of your job. A good tenant may simplify your life, whilst a bad one could give you endless headaches and issues. So what characteristics make a good tenant? If you’re struggling to find the right tenant, consider the following five characteristics:
5 Tips To Help You Find the Right Tenant
1. Responsibility
A responsible tenant pays rent on time, takes care of the property, and follows the specifications outlined in the lease agreement. Responsible tenants will also report issues with the property when they arise, allowing you to arrange quick and efficient maintenance.
To determine how responsible a prospective tenant is, ask for at least two references from past landlords and employers. A stable work history and a record of paying rent on time are also good indications that a tenant will be responsible. Credit checks and criminal background checks also help to ensure that the tenant is financially stable and does not have a criminal history.
2. Cleanliness
Another vitally important quality that you should look for in a tenant is cleanliness. A tenant who is clean by nature will keep your investment property tidy and free of clutter, reducing the risk of damage or infestations. You should also outline to them the proper rubbish disposal procedures. Doing so will help to prevent any unpleasant odours within the property or pest infestations.
To gauge a tenant’s cleanliness, ask to take a tour of their current residence and keep an eye out for any signs of disarray or neglect. You can also ask for references from previous landlords to see if the tenant has left their previous place of residence in a good condition.
3. Respectfulness
Respect comes in numerous forms, but a respectful tenant will be considerate of their neighbours and landlord. They follow the rules of the property, outlined by you, and treat their new home with care. They also communicate effectively with their landlord, providing timely notice of any issues or concerns.
To assess a tenant’s level of respectfulness, take note of their behaviour during the rental application process. Are they courteous and prompt in their communications? Do they ask thoughtful, well considered questions? Such behaviours are indicative of a respectful, well meaning tenant.
4. Financial Stability
A good tenant has financial stability, meaning that they have a reliable, stable source of income and will thus be able to afford the rent payments long-term. A financially stable tenant will have healthy, predictable cash flow, allowing them to always pay rent on time.
To determine a tenant’s financial stability, request proof of income and a detailed employment history. A credit check will also help to ensure that the tenant has a good credit score and does not have a history of missed payments or underlying debt.
5. Communication Skills
Tenants with good communication skills can make your job as a landlord far easier. If they effectively communicate any issues or concerns with the property and respond to your messages promptly, your relationship will be much easier.
In conclusion, finding a good tenant is critical for any landlord. By looking for tenants with responsibility, cleanliness, respectfulness, financial stability, and solid communication skills, you will increase the likelihood of finding a tenant who takes care of your property and will make your life as a landlord easier.
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