Quick Tips For Landlords: Find A Perfect Tenant
17th January 2018
As a landlord, you want your tenant to give you an easy a life. You’d like your rent to be paid on time, every month, and for them to look after and respect your property. You also don’t want the hassle of finding a new tenant, so if they’re a good one - make sure you keep them!
It isn’t always that simple so here are some tips to help you find that perfect tenant.
The best way to keep a good tenant happy is to make sure you are communicating and responding to their needs.
If your tenant gets in touch with a problem at your property, be quick and responsive. Make it look like it’s important to you that you fix the issue, even if it seems very trivial (such as a wonky leg on the fridge!).
Keep the tenant updated on the progress of fixing the issue as this will help to build up trust with you. They’re more likely to stay longer if they feel they’re being looked after well.
Let’s be honest, it’s the reason you have a tenant! To you, it's likely to be the most important thing, so you want to make sure you get that guaranteed rent each month.
Ask your tenant to set up a standing order for the payment each month. This means the money will be transferred to your account and the tenant doesn’t need to worry about remembering to pay each month.
Also make sure that you have the details of a guarantor for the tenant, in case of any missed payments.
Check out a tenant’s history before you both sign the contract. There are various suitability checks that you should do, to make sure they don’t have any CCJs or bankruptcy.
Also, make sure you get a reference from the tenant’s current employer and previous/current landlord. If a reference comes back and has any negative points, it’s worth looking into these and considering how important they are to you. For example, if a tenant is noted as being messy and untidy - does this matter, are they less likely to look after your property? Make sure you’re 100% happy before you sign that contract and give them the keys.
Inventory and spot checks
Doing an inventory is recommended to both you and the tenant. This particularly helps at the end of the tenancy, when reviewing how much of the deposit will be returned. It can help to protect you both and makes everything fair and transparent.
It’s also worth keeping an eye on the property and arranging regular visits with the tenant (give them as much notice as possible). This way, you can see how they’re looking after things as well as making a note of any minor repairs needed.
Looking after the property on an ongoing basis can help prevent more expensive repair bills. Such as, dealing with damp immediately and not letting it turn into mould. This can end up as a potential health issue for you tenant and a more costly issue to fix.
All of these tips will help you to develop a good relationship with your tenant. With regular communication, you can fix any issues that come up during the tenancy, keep them happy and hopefully secure a longer, easier and more profitable tenancy.