How to prevent your tenant from falling behind in
rent
In Property Management it’s far more efficient to spend a bit of extra time to avoid problems
rather than wait and deal with them if they come up –
because they will.
It all boils down to this:
Tenants fall behind in rent because paying the rent
is not up the top of their priority list.
Paying the rent should be their No.1 priority.
Follow these steps to ensure your tenant pays rent
on time, every time:
Find the ‘right’ tenant
Obvious I know but the right tenants for your house
will have ‘Paying the rent’ as their number one priority if finances get tight.
Which let’s face it, can happen to us all from time to time.
Here are some quick tips to help find tenants who
will pay the rent:
- List your property on
realestate.com.au and Domain so your property is seen by as many potential tenants as possible. This will allow you to pick and choose who rents your property instead of having to settle for ‘average jo’. You can do this in RealRenta.
- Price the rent correctly. Not too high or too low.
- Don’t rent to friends or family. The rent is guaranteed to be the last thing on their priority list if you rent to a friend as ‘you will understand’ why the rent can’t be paid.
- Get 100 points of ID
and proof of income before renting to the tenant. If you need to take any legal action against them like taking them to Tribunal you will need this information.
- Check the tenant on the National Tenancy Database before renting to them. This will tell you if they have left a property with unpaid money owing before and verify their identity. You can check a tenant by signing up free to
RealRenta. Once login at the top of the screen is the "tenant check”
button
Check out more tips on how to prevent your
tenant from falling behind in rent, in the next blog
Right now at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
https://mailchi.mp/realrenta/50-deal-2020
RealRenta
also has a free vision, so why not check it out
Jason Gwerder
Wednesday, 19 August 2020
