A new Landlord’s worst nightmare can often be the predicament of finding a Tenant and realising they’re a complete nightmare to deal with, from broken property to unpaid rent - So, what can you do to make sure the next occupant is a good, lasting one for you?
- Make sure everything is above board and is water tight, there is nothing worse than a bad Tenant who knows his/her way round the loop holes. Once someone is living in the property they could stop paying rent and it will take time to propose your eviction notice.
- Tenants can live rent free for up to ten months, it is sensible to have Legal protection insurance to cover you in the event of eviction etc. You should also get bank statements and a copy of their passport, driving licence, previous addresses, employers references and parents addresses - using a Letting agent to find Tenants for you, can take the stress away.
- The next trepidation for a Landlord is to have an empty room or empty house. After all, people living in a room makes your much needed slice of income. But suddenly leaping into a rental agreement straight away is not always the way forward, having yet another wrong Tenant could come at a far higher cost - than the vacant room or property you have on the market. Ultimately, making the same mistake again and finding yourself back at Square One.
- As much as it is nice to have a long lasting Tenant in the property, having a turnover of tenants can make good business - there’s often less that goes wrong in terms of problem tenants - and multiple housemates tend to keep tabs on each other and let you, the Landlord, know who is and isn’t playing by the book.
- What you want is to get tenants who’ll stay for months rather than weeks, this will work better if you’ve got the right mix of people - Don’t put an elderly Gent with three student girls, but that comes under your target tenant as previously stated.
- There should also be an element of trust between a Tenant and Landlord, despite any bad past experiences. For instance, if you’re round there three times a week checking up on them or popping in with your key - this could unsettle a Tenant and cause friction.
- If you can be flexible with a Tenant then that will be a bonus, if your property is a family home you will obviously be an attractive proposition for a family with young children and possibly pets. More often than not, they will be in the property for the long haul and treat it like a family home if these are granted - If you look after them, they should look after your property.
- At Griffin Lettings we specialise in helping our clients to find the right tenant at a very affordable price. For just £19.95 we will list your property with the UK’s leading rental portals, ensuring your property receives maximum exposure.
- Renting a property can be a daunting process, but it doesn’t have to be that way. Our letting experts will give you all the support you need to find the perfect tenant and to get the best returns from your property investment. We don’t believe in high listing costs or hidden charges, which is why we only ever charge a fixed price of £19.95 for each property listing. Affordable, transparent and professional. That’s the Griffin Lettings difference.
For all enquiries at Griffin Lettings, please complete our online form on the website - we aim to respond within 24 hours. Alternatively, you can call us on 0345 561 0050.