Whether you have one property or a whole portfolio, the people that you rent your home to are the ones that determine how successful you will be with your letting. A tenant that pays on time, is friendly with the neighbours, house proud and has no plans for moving is the ideal tenant and can be a real asset, but the bad ones can result in lots of stress. Here are a few tips on finding the best tenants for your properties.
Do your research
You can only make an informed decision on whether or not to accept a tenant if you do your research on them first. You should always ask them to fill out a form which provides a background check on them. This should include basic details like their name, age and current address but also information about employment, income, their right to work in the UK and a list of any previous addresses in the past three years. This will provide you with some initial data that you can cross check and validate to make sure the person is who they say they are. Furthermore, you should ask to see a copy of their birth certificate or passport and a recent utility bill to prove their current address. Always be wary of tenants who have a history of moving around lots in a short period of time as they may repeat this pattern which means you will have to spend more time relisting the property, redecorating and finding new tenants for the property.