Tenant selection can be really tricky, especially for first-time landlords or if you have multiple applications on your property. Who should you pick? How do you know who will be the right tenant for your investment? Here are our tips for tenant selection.
Firstly, your property manager is a great resource here to give recommendations on applicants they felt were most suitable to the type of property you have.
A great rental history that has been verified through an agent with rental ledger is a really good start and should allow you to prioritise those with a consistent ledger that haven’t fallen in arrears.
Affordability would have been considered by your managing agent prior to them sending you the application however suitability is something you should be considering. Does the property suit the number of people on the application? Have they requested pets? You might like to preference applicants that offer that are prepared to take a longer lease term to reduce your letting fee costs.
As always feel free to contact our experienced property management team for advice on your portfolio, on 4228 0888.