Securing the best tenant

Our philosophy is to find the best possible tenant in the quickest possible time to ensure that we are maximising your rental income.

However, if tenant demand is low, it is far better to have the property vacant an extra week than to approve ANY tenant just for the sake of having the property rented.

A tightening of the economic climate brings many social and financial factors that can impact on the management of rental properties. Tenants can find it harder to secure affordable housing, which can result in dishonesty on tenancy applications when applying for a rental property.

You can be confident that we are strict in our tenant selection process.  We are focused on securing tenants that will care for your property and pay the rent on time.

When we undertake the tenant application process we are thorough in our research process of the tenant. 

Following are a few of the areas and strategies that we take into consideration:

•     We verify their employment reference confirming the stability of their position and income by sighting wage slips.
•     We use the 30/70 rule as a guide to determine the tenant’s affordability of rental payments so they don’t overcommit. (30% of the household’s income is allocated to rent)
•     We avoid ringing listed mobiles and will conduct a telephone-number search of the employer’s business or previous landlord.
•     We verify previous rental references.  Real Estate references are often the most reliable.  If they have rented privately we will conduct a property search to confirm the owner of the property.
•        If they have travelled from interstate we will verify this with the address on their driver’s licence.
•    We will conduct a tenant default database search to see if they have defaulted as a tenant previously.
•    We will also look at other key factors such as how long they have resided at their previous property (long-term tenants are a better investment), whether they have pets and how many people wish to reside in the property.

While most tenants are honest in the application process, from experience there are still those who try to manipulate the process with false information. 

It is our duty of care to all landlords that we are thorough in our tenant selection process to ensure that your investment is protected. ■