If you are a long time landlord then you know what it can be like to source the right tenant at the right rent for the right term. Sure! It Sounds easy and don’t be misled it is easy, provided you know what you are doing.
Just to give beginners an idea, here is a précis of what you might expect to carry out, BEFORE you have your tenant move in. We are not going to discuss any preparation or lead up work that may need to be done to your home such as paint, fencing and garden maintenance. We are going straight into the nitty gritty of marketing your property to attract your best tenant. After more than 25 years of managing property, Prudential Real Estate (more rent) have it down pat.
So here goes – In a nutshell you must:
- Take good photos or arrange for a professional photographer.
- Prepare good written copy outlining your home’s features.
- Advertise online.
- Advertise locally.
- Conduct an open home for prospective tenants to inspect.
- Accept Application including proof of ID.
- Conduct Credit Application checks.
- Check personal references.
- Investigate any anomalies that may arise from these checks.
- Confirm Employment.
- Approve application and move to next step, or Disapprove and move to next application and
- repeat above process.
- Prepare Lease and associated paperwork.
- Conduct Entry Inspection of property with tenant and sign off.
- Collect rent.
- Conduct regular routine inspections.
- Maintain as necessary.
There! See. We told you it was easy! Well, it is easy for our staff. They are well versed in the companies to contact in order to confirm a prospective tenant’s claims, as well as how their credit rating is shaping up. As these companies share sensitive information they require an annual membership and charge for their services.
Back To Those Guarantees We Promised
We are so sure we can find you a great tenant who will pay the rent on time and look after your Narellan property that we offer you the following guarantees:
- If your tenant doesn’t pay the rent – we will.
- If we haven’t found a tenant for your property in 14 days – we will pay the rent until we do.
- If you are not completely happy, pay us nothing.
- A three months Try Before You Buy.
- We will transfer all paperwork to another agent within 60 minutes if you are unhappy with our service.