Finding the right tenant is one of the most important decisions a landlord can make. A good tenant can help protect your property, pay rent reliably and make the experience of being a landlord much easier. But how do you attract the right applicants and choose a suitable tenant for your rental property?
Present Your Property at Its Best
The process starts before you receive your first enquiry. A well-presented property is more likely to attract good-quality applicants. Make sure the property is clean, well-maintained and ready for tenants to move into.
Professional photography, accurate floor plans and video tours can also make a significant difference. At Venture, we believe premium marketing helps your property stand out and attract the right audience.
Set the Right Rent
Setting the correct rental price is essential. If the rent is too high, you may reduce the number of potential applicants and leave the property vacant for longer. If it is too low, you could miss out on valuable rental income.
Carry Out Thorough Referencing
Once you have suitable applicants, thorough referencing is an important part of the process. This can include checks on income, employment, previous rental history and credit history, as well as Right to Rent and ID checks.
Referencing should always be carried out consistently and in accordance with current legislation.
Consider Using a Professional Letting Agent
Finding the right tenant involves much more than simply advertising a property. From marketing and arranging viewings to referencing, compliance and tenancy paperwork, there are many steps involved.
Using an experienced local letting agent can make the process considerably easier and provide valuable peace of mind.
If you opt to try it yourself, through Open Rent, Facebook or Gumtree, there’s a high chance you will attract low-quality tenants who want to avoid the checks a reputable agent will carry out on them.
At Venture Properties, we have extensive experience helping landlords find suitable tenants for properties across Darlington and the surrounding area. If you are thinking about letting your property, contact our team today to find out how we can help.