Landlords... what do you look for in tenant references?
Recently it is claimed there has been a 263% increase in fraudulent applications!
Could you spot a good or bad tenant?
So what should you look for in your tenant references?
In the first instance, in our experience, it is really important to start to build a ‘picture’ of your potential tenant.
A great way to do this is to ask intelligent questions, and ‘interview’ at the viewing stage and if they are interested further in renting why not send a pre-qualify application form.
What is their employment situation and gross earnings?
Rental history and previous addresses?
What about their credit history?
Include some qualifying questions such as:
Have you always paid the rent on time?
Do you have any adverse credit?
Do you have the Right to Rent?
If that all looks ok then move on to taking your Holding Deposit and the take up of formal references. Top tip: Check all the information and examine any documents provided at every stage of the application process for consistency, accuracy and truthfulness.
Its all about getting to know your new tenant!
Did you know that you could minimise the risk of your next letting by using our Tenant Application Progression service?
Not only is it proven to reduce the risk of a ‘bad’ tenant it also comes with
*Your Good Tenant Guarantee ….. with Money Back!
*Terms and conditions apply and comes as standard on all our package services!
Anthony Kempster, our Director comments, “Perhaps the biggest risk to landlords property investments is a fraudulent tenant.
This is why as a company, tenant referencing has always been at the forefront of our premium service to landlords.
Through our Tenant Application Progression service our landlord clients can be reassured that we robustly check every tenants references through both our referencing services provider and using our extensive years of experience of assessing a tenants information throughout the whole process from viewing to handover.
Here at The Letting People we are so confident of your Tenant Application Progression service that we are also prepared to offer your unique and innovative ‘The Good Tenant Money Back Guarantee’.
The computer may say yes… but is it a NO!
