How Property Managers help you find good tenants

I’m sure every owner can agree that they want their property taken care of by the right tenants when they decide it’s time to leave. In this article, we will discuss why putting your property in the hands of a great Property Manager is the best way to go in ensuring the right tenants are put into your property.

HOW DO THEY FIND GOOD TENANTS?
When finding a tenant for a property, property managers will do several background checks, which involve rental references, employment confirmations and personal references to ensure that the potential tenants are who they are claiming to be. In addition, property managers have access to Australia wide tenancy databases such as TICA and Barclays MIS (a debt collection agency). During the home viewings, the property managers can get a good idea of the type of people who will be applying for the house when they meet. Property managers understand that not every property is the same and different owners will want different qualities in a tenant. Property managers will take into consideration the following factors when choosing the right tenant for the property:

• If the property is suitable for families with children.
• Does the property consider pets? If so what type of pets would best suit.
• The individual’s income and if they can afford the property comfortably. It is a rule of thumb that living costs predict no more than 35% of income should be dedicated to just rent.
• Is their employment ongoing and permanent? What would happen during a lockdown – can they work from home? So they have a partner with a more secure income?
• Confirm they have a good rental history with previous agencies.
• Are they easy to communicate with?
• How long do they want the lease to be.

If there is anything missing on the application form or certain things that need clarifying, then the property managers will work to fill in the gaps and create an equal opportunity for everyone applying.

What do Property Managers do once they find the right tenant?

 Property Managers will put in equal work even after the right Tenant has been chosen, to ensure the owners are comfortable and happy with their decision and their property is looked after. There are a few things agents continue to monitor, these include:

• Rent payments are on time;
• If the property is clean and tidy on routine property inspections;
• Breaching the tenant if the Lease Agreement has been breached.
• If the tenant reports any issues with the property promptly reporting them and getting them repaired.

The main importance with a good property manager is that they keep the lines of communication open meaning id they notice any of these items occur they notify both owner and discuss it with the tenant.

So why should you choose a Property Manager?

Property Managers can be indispensable when it comes to looking after your rental property. Buying a property and having it as an investment home is a huge commitment, property managers work hard to ensure your experience is stress and worry-free when it comes to finding good quality tenants. Choosing a Property Manager who knows how to find and retain good Tenants is the key to finding long-term Tenants, who look after your property, consistently pay their rent,  and are easy to communicate with.