We understand that one of the top priorities for property owners is that we choose the best tenant for the property who will pay rent on time and care for the property.

Depending on the time of the year and the supply and demand of tenants we can often receive more than one application for the property.

So how do we choose the best tenant when processing applications?

Ability to pay the rent

To ascertain the tenant’s ability to pay the rent we look at the house-hold’s net income.  The general rule of affordability is the 30/70% rule.  If the income is $1000 per week the tenant/s should be able to afford $300pw in rent.

Stability of employment

This is important to review to determine the tenant’s ability to maintain the rent.  If we receive multiple applications we would choose tenants who have secure employment (full-time) and who have been with the employer long-term compared to multiple 2-3 month positions.

Ability to maintain the property

The best way to ensure the tenant will maintain the property is by checking previous rental references and whether they received a full bond refund at the end of the tenancy. We also check the Tenancy Database to ensure the applicants aren’t listed as bad tenants ie left with rent owing and/or unrepaired damage to a previous property.

Good previous record of tenancies

Good long-term tenants are ideal.  It will reduce the costs of tenancy turnovers (i.e. additional letting costs and advertising) and it will reduce the amount of wear and tear on the property.  We want to where possible avoid tenants moving in and out every six months.  A tenant who has a previous record of tenancy of 2-4 years will be better than several six-month renting periods.

Are they of good character?

It is important that we ensure that the tenant is going to work with us during the tenancy to make the management of the property as easy as possible.  We have strategic interviewing techniques to determine what type of tenant they will be.

Ascertain the number of people suitable for the property

The number of people will have a direct impact on the wear and tear of a property.  If we have multiple applications we do take this into consideration.

As you can appreciate when we receive applications there may be strengths and possibly weaknesses that we will be required to take into consideration.

You can be confident that our focus is always to choose the best tenant for your property.