Tenants are of course a crucial part of being a landlord, so it makes sense to spend time finding the right ones for your property. When you do find the right tenants, it’s equally important to ensure they are happy in their new home.
Once you’ve placed your ad and have started to receive applications from potential tenants, vetting the applicants can often prove to be a worthwhile process. Not only can it can help you to ensure that your property will be well looked after, it can often reassure you that the tenant can pay the rent.
While vetting tenants can take time, by doing so, you not only could save money in the long run, you may also find a tenant who is likely to stay in your property for many years. If you followed the advice in part one of this series[hyperlink], you should have a property that will appeal to the type of tenant who is likely to care for the house or flat as if they owned it themselves.
When marketing your property, it’s important to make it clear who you will or will not accept. For example, ask yourself whether you can provide for the following:
- DSS/DWP tenants
- Tenants with pets
- Tenants with children
It’s always best to be honest from the outset, so that you can increase the number of suitable applicants and help those who aren’t suitable to find the right property for them.
Matt Hutchinson, director of flat-share site, SpareRoom.co.uk, advises: “Take the time to think about what you’re selling and, crucially, who you’re trying to reach. Appealing to your target tenants’ needs is always a good move. Consider what they’ll be looking for and address this in the title of the ad. For example, if the house is located close to good transport links, say so at the earliest opportunity. This will help people spot your ad from the crowd.”