What makes an ideal renter
When it comes to owning an investment property, finding the right renter to reside in that home is paramount.
This ideal renter ensures your property is looked after, works with you and the property manager to protect its value, and meets their obligations on time, every time.
So, what makes an ideal renter, and how can you go about ensuring you find the right person to look after your property?
A complete rental application
A great renter meets their obligations from the outset, starting with completing the rental application in full.
They know this application helps determine who they are, whether they will look after the property, whether they will pay their rent on time, and how well they will communicate with the property manager throughout the life of the rental agreement.
As part of this application process, they will detail their previous rental history, outline their current employment situation and provide references that are testament to their character.
They look after your asset
A property is a major financial asset, and an ideal renter will look after it as if it were their own.
That means they will keep the property neat and tidy, tend to minor maintenance such as mowing the lawn and gardening, and effortlessly do the basics, such as wiping down fans to ensure they’re free of dust or cleaning the air filters in the air-conditioners.
They will also be on the lookout for small issues that may become major problems down the track, such as leaves building up in the gutters, minor roof leaks, or signs of a pest problem.
Pay their rent on time
An ideal renter will pay their rent on time, every time.
They do so in the knowledge that this is an obligation, but also as part of their appreciation that investment properties cost money to service and maintain.
With an ideal renter, you can expect a stress-free experience where they pay on time and you can budget for the ongoing costs associated with your property. Â
Open communication
Good communication from all parties is key to a successful rental experience. An ideal renter will proactively report minor problems before they become major issues and openly communicate with the property manager..
They will also work with the property manager to look after the home, identifying potential problems, alerting their property manager about them and allowing access to the property when required.
Honest and reliable
With an ideal renter, you can expect all agreement conditions are being adhered to and all obligations are being met.
That means the people who are named on the agreement are the ones residing at the property, any accidental damage will be reported and remedied, and no alterations will be made to the home without permission.
They’re long-term
Good quality, long-term renters are a financial asset. They renew the rental agreement, saving you the hassle and cost of re-advertising your property for rent or having it sit vacant.
And that’s why it pays to engage the right property manager to screen people from the outset. A great property manager knows the value of a good renter and how they can help make owning an investing property stress-free.
How we find your ideal renter
When it comes to managing your property, we take this role seriously, actively seeking out ideal renters who have a proven track record and will look after your home.
Each rental application is screened carefully to ensure the applicant has stable employment, a solid rental history, and is the type of person who will look after your financial asset in the long run.
How we can help
Our experienced property managers pride themselves on establishing great relationships with both rental occupiers and owners.
We manage every property as if it were our own and you can learn more about our property management services here.
Alternatively, if you are looking to rent a property, you can view the properties we currently have available here.
