Here’s what Gold Coast Property Managers and Landlords Look for in their Tenants.
A good tenant will often minimise property wear and tear, look after the property and landscape as if it were their own. They are extremely valuable to both the property owner and the property manager looking after the rental on the owner’s behalf.
However, some tenants can be a nightmare – they can pay their rent late, cause destruction to the landlord’s property, havoc with the neighbours, demand unreasonable and endless expensive repairs.
A terrible tenant can cause problems for the length of a lease months before you can get them out of the property easily, so it’s essential to avoid renting to them if you can.
So, what makes a good and dependable tenant?
1. Provides a Good Detailed Application
The application is fully completed with all the necessary proof and referee contact details included. It needs to clearly identify that the potential tenant can meet rent payments and take good care of the property.
2. Has a Good Record
Not be listed on a tenancy database list where landlords/agents record personal information about tenants who previously have had problems with their tenancies. The database helps landlords and agents decide if prospective tenants are likely to fall behind on rent or damage the property.
A good tenant should have excellent references.
3. Easy to Communicate with and are Respectful
A good tenant is anything but difficult to speak with and should be responded to within a reasonable time to answer calls and messages. A good tenant is understanding, compassionate and friendly to deal with.
4. Pay Rent Timely
A good tenant never defaults on their rent. If something happens that negatively affects a tenants financial situation and the rent becomes unaffordable, a landlord will appreciate honest communication about the issue.
While a tenant isn’t required to share all their personal information with their landlord, they are required to pay their rent throughout the lease term.
If rent payments suddenly stop showing up, the landlord (via the property manager) will have no choice but to move forward with an eviction. If you communicate with your landlord ahead of time, you may be able to break the lease without negatively affecting the tenant’s rental history or work out an alternative agreement.
5. Accommodating
Is accommodating and understanding with access requirements during the tenancy with minimum inconvenience to all.
6. Cares for the Property
Should take pride in taking care of the property during their tenancy. Normal wear and tear is expected, but preventing property damage by tenants is ideal.
Good tenants care about where they live. That means the property needs to be clean and tidy. So that when routine inspections take place, the property is already in order!
7. Maintenance Issues are Communicated
Even a small leak can transform into a major cost issue for a landlord. A good tenant will notify their landlord (usually via property manager) when they notice any maintenance issue that requires attention.
Property Managers can provide options for tenants to submit maintenance requests e.g. via email, which can easily be tracked and monitored until the issue is resolved.
8. Adheres to legislation and terms of the Tenancy Agreement
A standard lease will prohibit criminal activities on the property or any conduct that threatens the safety of the community. A good tenant will maintain theses rules as well as other lease terms.
Other lease terms that a terrible tenant might break typically involve property alterations or having pets without permission, or obnoxious gatherings that disturb other tenant’s/ neighbours right to quiet enjoyment.
Past inability to pay lease, rent infringement like these comprise real justification for eviction, which is very costly and distressing for all landlords.
9. Renew the Lease
Managing tenant turnover is very expensive and time consuming for a landlord (and property manager). An ideal tenant will want to renew their lease agreement and ideally live at the same rental property for many years.
In a perfect world, the tenant would meet every quality of a good tenant, which would make the long-term tenancy even more ideal for the landowner.
Are you a Property Owner wanting to lease your property on the Gold Coast?
Are you frustrated or underwhelmed by the existing service you are receiving ?
Are looking to engage an experienced property manager that listens to your needs?
Save you time, money and headaches, contact us today!
Paul Hill Realty Gold Coast Property Managers have built up a reputation of giving exceptional service as well as going above and beyond the normal expectations that a property investor can expect.
Paul Hill Realty are Specialists in Gold Coast Residential Property Management. Especially on the Northern Gold Coast from Southport to Ormeau and west to Upper Coomera, Oxenford and Wongawallan.
