There is only one thing worse than a vacant property and that is a having the wrong tenant in your property!
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, we believe it is far better to have the property vacant an extra week or two than to approve the first person to come along for the sake of having the property rented quickly.
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 prospective tenants. 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 determine the tenant’s affordability of rental payments so they don’t overcommit.
- We verify previous rental references, real estate agency 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.
- We google the applicants and check profile pages such as facebook, twitter and Linkedin
- If the applicants are local, we always meet them personally befoe approving the application.
- We require 100 points of identification to verify they are who they say they are.
Take the Risk out of Renting.
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 of our clients that we are thorough in our tenant selection process to ensure that your investment is protected.
