The importance of finding the perfect tenant.
Finding the right tenant for your property is the fundamental key to any successful let. It requires diligence and attention to detail when selecting and vetting tenants, and placing your trust in an experienced professional to handle this process for you is the best way to make this happen.
Finding the right tenant for your property is crucial. Finding an agent who you can trust to do this for you is just as important.
Your chosen agent should take the time to listen to your wishes and to assess your circumstances thoroughly, so that they are absolutely clear on the type of tenant that you prefer. The experience, contacts and marketing reach of your chosen agent are all also vital factors and it is therefore important that you should feel confident with all of these aspects before you place your trust in them.
The tenant vetting process starts from the very first interaction, when all potential applicants are initially assessed according to their circumstances and criteria. This information should be continually checked and expanded upon, at each further interaction and viewing, so that even before an offer is made, a profile is already building and there is significant information to hand.
Once an offer is made, this information should be used and checked in conjunction with the answers provided via a detailed application, in order to gain a full understanding of the tenant's financial and personal circumstances and most importantly, to enable you to make an informed decision as to whether or not to proceed further.
Once formal referencing starts, this procedure should be robust and thorough, carried out by independent experts, and most crucially, cross- checked with additional income and expenditure checks in order to verify the tenant’s personal and financial circumstances and their credit worthiness.
Alongside these formal checks, your agent should be able to feed back to you on their interaction with the prospective tenants. It is so important to have tenants that are pleasant, reasonable and easy to deal with and your agent should make sure that you are completely happy with the selection and totally comfortable with the process.
If you are considering entering the letting market, then now is the time to talk to us. Please do get in touch with any questions that you may have.
01895 625999 - lettings@gibsonhoney.co.uk