Advice for landlords: how to find the right tenant

As a private landlord, one of the most challenging aspects of renting your property is also the most fundamental – securing the best tenant.

If you’re going to leave your most valuable possession (and possibly main source of income) in the control of someone you don’t know, you need to get it right.

Get it wrong and you could end up spending a lot of time, energy and money to fix problems that could’ve possibly been avoided.

Here are just a few steps to ensure you take, before and during the tenant selection process.

Do your homework: background checks

It may seem invasive or even rude to some – but you need to ensure the proper procedures have been followed before renting to any tenant.

These include securing references from former landlords or housemates, proof of steady income or employment and credit rating reports.

And especially important is securing the confirmation of a prospective tenant’s right to rent – to fail to do so is illegal and can result in a fine.

Checks like these can be time consuming and complex – but they are necessary, whether you conduct them yourself or trust and experienced lettings agent.

Take a full inventory

Make sure you have written and photographic records of everything in your property, including the physical status and condition of rooms and items.

Be as comprehensive as possible, in order to avoid any disputes or differences of opinion relating to:

  • Missing/damaged property
  • Landlord insurance liability
  • Repairs/maintenance

By being transparent and paying attention-to-detail at this stage, you’re more likely to end up with a tenant who does the same throughout your arrangement.

Communication is key

You don’t want a tenant ringing your personal phone at all hours if there’s no legitimate need to – but they shouldn’t feel that they are alone with no help.

In the event of an emergency or urgent property issue that needs addressing, the worst case scenario is a tenant trying to solve it without your knowledge.

Make sure your tenant knows who they can contact and in regard to which specific scenarios, in order to ensure their wellbeing as well as your property’s.

And of course, this may be something you’d prefer to leave up to a letting agent if you want to avoid the extra stress or demands on your time.

Want to talk more about tenants?

Whether via full service management or let only, we’ve been supporting landlords in Chorley and the surrounding area for many years.

If you’d like to draw on our extensive experience in dealing with properties and their tenants, please contact us to speak to a member of the team.

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