As a Landlord or Property Manager, you want to make sure you find the tenant best suited to a rental property. This is why you must have a thorough and effective vetting procedure in place. Ask these important questions from the start to save both you and your tenants from any future issues.
Why are you moving and when?
If the tenant is in a rush to move in, make sure it’s not for reasons such as evictions or disagreements with neighbours.
How long have you lived in your current residence?
If they’ve lived in a property for many years with no stressful complaints, you can feel confident their tenancy with your property will be similar.
In what capacity are you employed and how much do you earn?
Affordability is an important factor for both you and the tenant. A good rule to follow is that the rent should not be more than 30% of the tenant’s income.
Do you agree to a credit or background check?
This is another way to get a good idea of a tenant’s finances. However, remember that you’ll need written consent to run these checks.This is typically given when the tenant signs the privacy statement on the application form.
Do you have references from previous landlords or employers?
Take the time to speak to the references directly, and ask questions regarding the tenant’s character and reliability.
Have you ever been evicted from a property?
This shouldn’t automatically end their application and an honest ‘yes’ to this question deserves further investigation. It may have been through no fault of the tenant’s, or a long time ago and with no issues since.
Will you have the bond and first month’s rent ready before you move in?
Always take receipt of the security deposit and first month’s rent before the tenant moves in.
Who will be living in the property?
Each type of tenant will bring their own set of pros and cons. Whether they’re a young family, a pet owner, or a share house arrangement, the number and types of people living can help everyone set their expectations for the tenancy.
Are you a pet owner?
If you choose to accept applicants with pets you’ll have access to a greater pool of candidates, but make sure to include the responsibilities of a pet-owner in the tenancy agreement. You can also screen the pet by checking their health and history.
Do you have any questions for us?
Just as you’re trying to find the right tenant for your property, potential tenants are trying to find the right property for themselves. Asking questions allows both of you to identify whether or not the person is right for the rental property.
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