More often than not many of the problems encountered during the course of a rough ride tenancy with a rental property might have been avoided with correct tenancy application processing.
As a Landlord you are entitled to view the Tenancy Applications You are entitled to carry out your own due diligence in your consideration of tenancy approval. Ask you agent some qualifying questions about these key areas:
- Employment - is it stable? Is the income reasonable in consideration of the weekly rent?
- Previous Rental History - does the applicant have a history? Have bonds been refunded in the past?
- Next of Kin or family members named on the tenancy application - are they real people? Do they know the applicant?
- Professional or personal referees - how long have these people know your prospective tenant?
- What about the other applicants - How are they all related if applying to share the home together?
Following up of some of these basic questions will produce some valuable answers - try it, you'll be pleasantly surprised. Following some satisfaction in these areas you are gong to approach your new tenant or tenants with a peaceful easy feeling.
Written by Chris Snell, Property Manager Melbourne Australia, Rental Success Blog
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