Having a high turnover of tenants can be extremely stressful for anyone managing a property. That’s why finding, and keeping, good tenants is extremely important.
But first, it’s important to decide what makes a ‘good tenant’.
Finding good tenants
Finding the right tenant(s) is vital, as an eviction can take up a lot of time and money. You want to make sure that you get it right from the start. This is easier said than done.
A good tenant is someone who
- Has a steady stream of income
- Has a clean eviction record
- Can offer you references from previous landlords, and employers
- Is a good communicator
How To Find, And Keep, A Good Tenant
Now that you know what makes a good tenant, it’s time to find them. Here are 5 ways to find, and keep a good tenant.
- How do I make my rental property stand out?
To attract a good tenant, your property needs to be to an excellent standard. Furthermore, consider what amenities are close by, and have a list of suggestions for things like schools, restaurants, and gyms prepared. Consider what your property, and the local area can offer any potential tenant(s).
You’ll also need to check if any repairs need to be done. Could the property do with some new furniture, or perhaps the paint needs to be retouched? These are all things to get done before putting your property on the rental market.
- Advertise your rental property
Now that your property is ready to bring to the property market, you’ll need to advertise. If engaging with a letting agent, ask them how they will be advertising your property before committing. If advertising the property yourself, ensure that you are using the most popular sites. Upload quality and well lit photos, and include as much relevant information as possible.
- Be Upfront
As a landlord, you’ll have certain expectations when it comes to your tenants. It’s best to be upfront about these and include them in the listing. Be clear on things like pet policy, smoking policy, length of lease etc.
- Learn From The Past
Think about your previous tenants. Why did they move out? Was it a smooth process? Did you deal with any queries or complaints in a sufficient manner? Being able to identify and rectify these mistakes is incredibly important.
- Vet Potential Tenants
You’ve received all statements of interest and/or applications for your rental property. Now it’s time to narrow down the search. Interviewing prospective tenants is a great way to get to know them and their background. From here, you can make an informed decision on who the best tenant(s) will be.
How to keep the perfect tenant? – 3 top landlord tips
- Best way to welcome a new tenant?
First impressions are so important. You should welcome your new tenant(s) with a small gesture. A welcome gift basket with a handwritten note is a nice touch. You could also leave materials with suggestions of amenities in their new area/building, as well as information on things like parking spaces, when rent is due, and setting up utilities etc.
- Communicate with your tenants
Clear communication with your tenants will ensure that their tenancy is plain-sailing. Let them know how best to contact you. Respond to any queries or concerns as soon as possible. Give plenty of notice should you need to carry out an inspection, or if repair people need to access the property.
- Tenant privacy rights
Your property is your property, however, it is your tenants home. You will need to follow the rules when it comes to things like accessing the property. This is where communication comes in. Always ask permission in advance, and organise any inspections at a time that is convenient for your tenants.
As you can see, finding, and keeping, a good tenant can be a time-consuming and stressful process. That’s why at KPM, we do the hard work for you. Contact us today to discuss all of your property management needs, we’d be happy to help.
Property Management Company Dublin
KPM Group has helped countless landlords free themselves from the day-to-day management of their portfolios and trust us to deliver the maximum return on investment while providing quality property management services.
We have an experienced team who can either advise or project management every aspect of your property management, this includes marketing the property to a broader scope, on platforms that will attract your ideal tenant demographic to assisting in selecting the perfect tenant for your property
If you would like to speak to us here at KPM about your portfolio, then get in touch today, and a staff member will be happy to help in any way we can.
