8 Ways to Select the Right Tenant in a Tough Rental Market
Shane Hiscock
Director at Locate Buyers Agency | Brisbane’s 5-star property buyers agent | Taking the stress out of property acquisition
Thought you might be interested in an article 8 Ways to Select the Right Tenant in a Tough Rental Market and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.
Rental price: Rental property can remain vacant for prolonged periods of time because the landlord is charging above the market rate for the property. Even if the rental property is $10 above the average weekly rent for the area, the landlord may find it hard to find a tenant in an area where there is an oversupply of rental properties. It is therefore critical that the rental costs are competitive and landlords should check rental prices in the local area for similar properties before determining your rent.
Marketing: Make sure that the property is exposed to the maximum number of tenants through newspaper and internet advertising. The property should regularly adverted because the pool of tenants is constantly changing.
Landlord protection insurance: Always take out landlord protection insurance. Should a tenant do a runner, this can cover you for any damaged caused plus can cover you for lost rent.
If you want to keep reading with any of that content, by all means, click the link https://www.smartpropertyinvestment.com.au/opinion/15761-8-ways-to-select-the-right-tenant-in-a-tough-rental-market to keep reading. Please feel free to contact me on (0402) 024-625 or email at [email protected] for any thoughts and perspectives.