Rented properties are in high demand in Perth, making it very likely that if you put your property up for tenancy, you will get quite a few interested people knocking at your door. Below are some vital questions that landlords should ask potential tenants and things to prepare your property before a tenancy.
Questions for Landlords to Ask Tenants
One of the first questions you should ask a tenant is about their job. A stable income is essential criteria, as this is an important indicator of whether they will be able to pay rent consistently. If they are not employed, you should inquire about their savings or any other income.
Ask them if they are currently renting somewhere and if so, why they are looking to move. Landlords should also ask tenants how long they lived in their previous houses to get an idea of what kind of tenant they will be. If the tenant has rented multiple places over the past year or so, their previous landlords might have faced issues with their behavior or rent payment. Landlords should also ask potential tenants whether they have ever been evicted before as this can be a major warning sign that they may cause problems.
If you have a strict no-pets policy, be sure to ask about pets. If your property comes furnished, this may be even more crucial as cats and dogs may scratch furniture and hardwood floors and could create a mess. If your property is not pet-friendly, you should inform tenants beforehand to avoid any disputes later.
Helpful Hints and Tips for Landlords
Landlords should ask potential tenants about the nature of their work and to produce an employment letter. You may also ask for proof of funds to make sure the tenant has enough money to make rent on time. In short, make sure to screen your tenants.
Another helpful tip for landlords is to take care of their property so they can keep rent prices competitive to attract more people. Knowledge of rental and eviction laws is also important for landlords to protect themselves and to avoid being unjust to their tenant.
What to look for in a property manager
Many landlords prefer to hire property managers to help take care of their rental property’s administrative affairs. Their responsibilities include marketing the property, screening tenants, collecting rent, paying bills, arranging maintenance, and inspecting the property. When picking a property manager, look at the list of services they offer to ensure it has everything you need. You should pick someone that understands the local real estate laws, regulations, and market demographics. Doing so will lead to more effective marketing, and your rights as a landlord will be better protected. Finally, a project manager’s work experience speaks volumes. Look for someone with a proven track record of getting properties rented fast with a low eviction rate.
Things to Prepare your Property Before a Tenancy
When you find a tenant, you may need to make certain repairs or improvements. Usually, landlords (or the previous tenant) will clean the property, paint walls if required and fix any damage or replace worn out furniture if applicable. It’s always wise to inspect and document what your property looked like before the tenants moved in so that you can claim reimbursement for any damage they do.
Conclusion
Landlords should be vigilant and screen any potential tenants in order to protect themselves. They should also stay up to date on real estate laws and may hire a property manager to oversee the property and tenancy.
For more information or to chat with a Licensed real estate agent in Perth,
contact Kate Webb, Owner and Director of Morgan Webb real Estate Pty Ltd, kate@morganwebb.com.au or 0408 738 755.
