PM - How do we screen a prospective tenant for your property?

All prospective tenants who apply for a property with our company are firstly required to inspect the home. 

The purpose of this inspection is not only for them to view the property and check its suitability but for the agent to meet them and get a “feel” about them.  This initial inspection is like a silent interview.  It gives the agent a first impression of the prospect - how well they present themselves, how they communicate, were they pleasant to deal with.  It also gives the agent the opportunity to ask some basic questions about where they are coming from and their reason for moving.  This is the first step in the agent’s research of the prospect.

All prospects are required to complete a detailed application form and provide employment and rental references together with 100 points of identification. Applications are checked thoroughly, including cross-checking the tenancy default database, contact their employment to confirm income information and stability, confirming past rental history, obtaining details about their payment history along with inspection reports.

We then contact you regarding the outcome of the application screening process so that you can make an informed decision on the application.

We offer our advice based on what we know (the facts), however the final decision is always yours in selecting from the applicants that we present.

How do you select a tenant for my property?

One of the more common questions we are asked by property investors, especially first time investors, is “how do you select a tenant for my property?”

 

Some express concern that we may choose someone unsuitable or that they may not have any say in it whatsoever. Rest assured we don’t just put anyone in your property. We have a very thorough tenant selection process in place, as outlined below.

 

All prospective tenants who apply for a property with our company are required to complete a detailed application form and provide employment and rental references together with solid points of identification, such as a driver’s license and passport. We will not process any application that fails to meet these criteria.

 

All applications are checked thoroughly. This includes making checks against several credit checking agencies and tenancy tribunal records to determine the prospective tenant’s credit history.

 

Once our detailed screening processes have been completed, we contact you to advise the outcome. You have the freedom to be involved as much as you wish in the final selection process, however we have found that most landlords prefer to leave that process in our capable hands.

Do you own a home?

Prepare for profit. Download our top tips on how to get the highest and best price when selling.