News Article re Terri Scheer Insurance Brokers for everyone’s information

Subject: News Article re Terri Scheer for everyone’s information

How to find and hold good tenants
By Carolyn Majda
Wednesday, 18 July 2012
A tenant can make or break a landlord’s experience of owning a rental property.

Finding good tenants and keeping them happy is one of the best investments a landlord can make.

Sourcing good tenants is one of the most important tasks for landlords who manage their own investment properties.

By ensuring they have a positive experience while living at your property, they may be more likely to pay their rent on time, stay in your property longer and treat it as if it were their own.

Here are some tips to find and hold on to great tenants:

Think about the type of tenant you want to attract

Keeping a good tenant happy begins before you’ve even purchased your rental property.

When choosing a property to invest in, think about the tenant demographic you want to attract, for example a family, sole tenant or couple, and choose a home that is likely to appeal to them.

Properties that are close to good schools, shops and public transport are likely to be well sought after and may give you a larger pool of prospective tenants from which to choose.

Keep up appearances

No one wants to live in a property that has stained carpets and marked walls. A home that is poorly presented by the landlord may deter good tenants from applying to rent your property in the first instance, and be poorly cared for by the successful tenant.

Similarly, a property that requires as little maintenance as possible will make life much easier for both tenants and landlords as it will minimise the effort and cost involved in the upkeep of the home once the tenant has moved in.

Presenting a clean, tidy, low-maintenance and well cared for property will encourage tenants to treat the property as if it were their own.

Generate interest

In order to generate interest in the lease of your property, landlords may be required to place advertisements in newspapers, on various real estate websites and on online noticeboards. The advertisement should include information about the property, when open inspections are scheduled for, and the lease application deadline.

It is a good idea to arrange open inspections at times that would be convenient to the type of tenant you want to attract.

For example, if you would like to attract young professionals, arrange the open inspection after working hours so it is easy for people to attend.

At the open inspection, ensure you talk with as many potential tenants as possible so you can put faces to names when processing lease applications later on.

Screen tenants

After the lease application deadline has closed, landlords will be required to screen potential tenants.

The first step is to contact the employer of your preferred tenant to confirm that the information they have provided regarding their position, length of employment and salary is correct.

It is also important to contact their previous landlord to discuss any issues that arose during their last tenancy, as well as the personal referees listed in their application.

If an applicant is applying for his or her first lease and has no previous record of renting, speaking with responsible adults such as school teachers may suffice.

If you are a member of a specific real estate industry association, you may have access to a tenant database which you can also use to search the names of your shortlisted potential tenants to find out whether there are any recorded issues with previous leases.

Attend to maintenance issues promptly

Once you have selected your tenant and they have moved into the property, ensure you make every effort to attend to any maintenance issues promptly.

It can be quite frustrating for tenants if their requests for repairs go unanswered, and if they aren’t getting the attention they deserve they may begin to question their commitment to your property and become more careless with it.

Injury or loss resulting from a safety hazard that has not been attended to might also give rise to a costly legal liability claim.

Responding to maintenance issues in a timely manner signals to your tenant that you care about the property and value their concern for its condition. This can contribute to creating a positive renting experience for your tenant.

Even if you do find good tenants, it is important to not take them for granted and rely on them to make sure nothing goes wrong.

Even the best tenant can accidentally damage a property or lose his or her job and be unable to pay rent.

Every landlord should have a tailored landlord insurance policy that covers both malicious and accidental damage, legal liability and loss of rental income.

Landlords can also enhance risk management by appointing a property manager.

The time and effort that property managers can save landlords as well as the experience and knowledge they provide can be well worth the cost for their services.

A property manager can also help to find tenants, ensure the correct paperwork is in place, assist landlords to form a professional relationship with their tenant, collect the rent, conduct property inspections and liaise with the tenant on behalf of the landlord.

Carolyn Majda is insurance manager at landlord insurance specialist Terri Scheer Insurance.

Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578

Confidential Email:- The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be priveleged. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation.

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. LJ Gilland Real Estate Pty Ltd LREA推荐书LJ Gilland房地产 L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
This entry was posted in Uncategorized. Bookmark the permalink.