Property is a big investment for most people, once you’ve found the right investment property the next step is finding the right tenant.

It goes without saying, part of the viability of your investment property is the rental income, hence it’s imperative you secure a great tenant for the right amount.

So what constitutes as a ‘great’ tenant? Most landlords would say;

• someone who pays their rent on time
• takes care of the property like it’s their own
• wishes to rent the property for a reasonable length of time

Finding the perfect tenant for your property in today’s rental climate is quite daunting as many areas of Australia are experiencing a tight rental market. Sifting through hundreds of applications is just part of the process in find the perfect tenant for your property. This is just one of the reasons why landlords prefer to engage with an experience property manager.

A good property manager will help you:

1. Determine the correct rental price

It is the responsibility of the property professional to recognise your properties income potential. A thorough rental appraisal takes into account comparable properties and current market trends. Determining the correct rental amount is critical in finding the right tenant for your property as well as ensuring prompt letting, hence realising a return on your investment sooner.

2. Attract solid candidates

Reputable property management companies like, Changing Places Property Management, attract the right candidates via bespoke marketing and advertising plans for each property.

3. Screening tenants

Screening tenants is potentially the most crucial step in finding and securing the best tenant for your property. A strict screening process includes;

• Credit check through the National Tenancy Database (only available to registered real estate agents)
• Rental history
• Employment
• Income
• References

As you can see finding a great tenant is a laborious job, however crucial for the success of your investment.

If you are interested in finding the perfect tenant, click here to discover how the Changing Places Property Management team can help you or call 1300 130 998.

Tagged: property management, rental candidates, rental price, tenants

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