Table of Contents
What is the Process of Hunting a Tenant?
Hunters can help you find renters based on the requirements you set out for us. The range of finding a tenant service marketing your property, arranging viewings, conducting eligibility checks, and drawing up tenancy agreements. Tenants can offer a package that works best for you and your portfolio.
Finding good tenants to occupy your rental properties is one of the most crucial things you must do as a landlord. After finding the right renter, you can make money from your investment, but when you get a tenant that is not right for your property, you can have an awful experience.
How do Your Tenant-Finding Services Work?
Some tenants never take a one-size-fits-all approach to tenant finding. Your situation is unique, which is why we shape our services accordingly. When you get in touch, we’ll take the time to listen and work out what you need before suggesting a package that suits you. There is no obligation to choose us at this point, but if you do, then you’ll be in safe hands.
If you choose us, our lettings experts will get to work immediately to find a tenant that meets your criteria. Your property will be launched online and offline. And once we’ve compiled a list of candidates, we’ll arrange viewings and be present for all of them so that you don’t have to take time out of your schedule.
Once we find a tenant that ticks all the boxes, we’ll begin the process of confirming their suitability in terms of their references and credit checks. We’ll also take charge of drafting the tenancy agreement and get both parties to sign before a move-in date is agreed upon.
Finding the right renter means that you first need to establish an application that asks the right questions. If you want to be successful in finding good tenants, the application the applicants fill out for you to look over must contain questions that will help you determine the applicant’s type.
Your application should ask for the applicant’s name, current address, the length of time they have been at that address, and the reason why they want to move. These are all important questions that let you gain some insight into the type of person that has applied to rent your property and landlord responsibilities UK.
Finding Good Tenants is not Something that Happens Just Because you are Lucky.
You find the right people by doing the research necessary. On your application, you should ask the person to provide you with at least three character witnesses. Family members can be included if you like, but it is best if they list people who are of no relation to them. Be sure that you actually call those character witnesses and talk to them about how they know the person and whether they would recommend that you let the person rent your property.
Finding the right renter can be as easy as asking the applicant where they have lived for the past ten years. This will show you how frequently the tenant moves from place to place. If a person has a habit of frequently moving, this can be a red flag that they are hard to get along with or that they have trouble meeting their financial obligations. If you like an applicant, but see that they have a tendency to move frequently, then at the face-to-face interview, you can ask them why they move so often.
You want to know about where the person works and how they intend to pay the rent if they do not work. Ask them how long they have been at their current job and if they have intentions of staying with that employer.
You are within your legal rights to run a credit check on the prospective tenants. You want to know if the person applying to rent your property is likely to default on your agreement due to the way they have conducted their financial affairs in the past.
Understanding the Legalities
As well as helping you find a tenant, Sharehouse will be able to use all our expertise to navigate the 400+ rules and regulations that come with being a landlord. It can be a lot to try and get your head around, but we can help you make sense of it all so that you don’t have to worry about it. That way, we can ensure that you and your tenants remain fully protected.
The final thing that you need to do is have a face-to-face interview with the applicant. You want to rent your property to people who are willing to look you in the eye when they are talking to you. If the applicant has trouble making eye contact with you, it is a sign that they may have something they are ashamed of or that they are trying to hide.