Finding a long-term responsible tenant who respects your property and pays promptly isn’t all about luck. There’s a science to it too. Thanks to upad for providing this great article. For 50% off your first listing click here.
Thanks to upad for providing this great article. For 50% off your first listing click here.
Finding a long-term responsible tenant who respects your property and pays promptly isn’t all about luck. There’s a science to it too.
Key tips
- Ensure you meet tenants personally before letting to them.
- Professional comprehensive tenant referencing is essential.
- If you have any doubt about tenants, secure a guarantor.
- Showing tenants around your rental property is your chance to get a glimpse of the people who may be living in your property. Its a good opportunity to engage your landlord instincts and if you meet the tenants up-front, it’s easier to build a robust long-term relationship.
- Reference your tenants: comprehensive referencing shows you that the tenant can afford the rent, and that they don’t have a dubious renting history. Remember, Upad referencing is free for landlords, regardless of whether you have enlisted us to find tenants for you.
- If you are still not certain that the tenants will always be able to pay the rent every month, acquire a UK-based guarantor, who will then be liable to pay the rent if they default. Guarantors are especially common for student tenants.
- Ensure your tenant sets up their payments through a standing order. It means your tenants won’t forget to pay and you won’t have to chase. If you have found tenants and would like us to take care of this, just give us a call. We’ll also draw up the tenancy agreement and collect the first month’s rent.
- Keeping in contact with your tenants will make them less likely to default on a rental payment. If they are having trouble receiving payments due to a short-term financial situation, then maybe a short-term payment solution can help. After all some cash is better than no cash – but be sure to make the terms of the payment solution clear, and follow it exactly.
Thanks again to upad for providing this great article. For 50% off your first listing click here.
Julie is passionate about property – development, investment and portfolio planning. Along with husband Alec, Julie is actively building a property portfolio while helping others to do the same.
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