Property Management & Screening Tenants

If you are a landlord in Lower Hutt and manage your property yourself, you may find it tough to keep control of everything. This is the reason why some people suggest hiring a professional property management Lower Hutt Company. However, it will add extra load on your budget and expenses. Therefore, it is a good idea to keep control of your property yourself.

Nevertheless, the toughest part of managing your own property is to choose the right tenant for renting your property. Especially, if you have no experience in renting your property, you may find it a hectic task to screen a prospective tenant thoroughly and then making your decision.

So, here are a few tips that will help you get started:

• As a property owner, your job is to choose a tenant who can pay the rent on time. Thus, he must have a stable financial and credit history. So, when your prospective tenant files an application for your property, add addition questions regarding his financial background, earlier renting history or any other liabilities. In this way, you will find it much easier to choose between a numbers of prospective tenants for renting your property.

• Do not just rely on the application only. Consider checking the history of your prospective tenant yourself. You may call different law enforcement agencies or a local police department of his residential area and consult about his previous record. As far as the financial checking is concerned, you need to check that the employment of your prospective tenant is genuine.

Similarly, making sure that your tenant mentioned the correct amount as his salary is fairly important as well. If you cannot find enough resources to check out the residential and rent history of a tenant, you can consult a professional property management Lower Hutt company. Since such companies have strong connections with background checking services and hold record of people, they can do a better search.

• Do not forget to check out the references for character assessment. You can give a call to the people mentioned in reference and ask them about your tenant and his character. If you are not satisfied with the references, you can even visit the tenant’s current residential area in person and ask about him in the neighbourhood. Thus, it may take effort and time, but you can be really sure about the character of your prospective tenant.

On the other hand, if he mentioned a name or contact number of his previous landlord in the application, you call him and ask more about him.

• Finally, interviewing each of the prospective tenants will give you the best judgment. When you get to talk with the tenant, you can ask about his reasons for choosing your particular property. You can also talk about his experience with the previous landlord. Once you get to know your tenant, you will be in a much better position to make your decision.

All in all, screening a tenant can be tough process, but you must do it before renting your property to anyone no matter what.