A few weeks ago I received an interesting message from a long time reader of our blogs with a link to a great resource they had put together that helps you figure out if your potential tenant is going to a good or bad one. They asked me to share it with you however it was just not that suitable for the process we take in Australia to screen tenants. So I had to make a few changes before it was appropriate for you. I have now made the tweaks and here it is.
Just recently my tenants gave me a notice to vacate. They’d been living in my house for close to 2 years and now wanted to find something bigger for their growing family.
I immediately thought about how much I used to hate the confrontation with tenants when trying to give them the long list of things they needed to do to get their bond back.
You might be surprised to hear, even the smoothest tenancies can hit a snag at the end when it comes to cleaning up, moving out and returning the bond. I’ve had plenty of great tenants turn very difficult at the end.
Way to go! You’ve placed your ad, held the inspections, received and screened the applications and finally chosen some great tenants. So what’s next? There are some important things to accomplish before you can hand over the keys. Setting the stage now, before your new tenants move into your property, is incredibly important to get right.
Routine inspections are used to avoid problems before they become problems or at least head them off before they get too big. Being proactive and completing routine inspections regularly can save big problems down the track.
I talked about routine inspections not too long ago in this space, but we have received several requests for greater detail. Today, I’m going to give you a complete guide for the entire inspection process from scheduling all the way through follow-up.
I still remember the pain.
I would wake up in the middle of the night, wondering if the next rent payment was going to come in. Will the kitchen or the new carpet be ruined? It almost killed me.
My worst tenants ever, and they were only in the house for two months. Those two months felt like two years! EVERY DAY I worried what the next day might bring. After I got court orders to kick them out, they graffitied the whole house from top to bottom. I will never go through that again. Never!
People have been placing For Lease signs in front of houses for almost as long as they have been leasing houses and printing signs. Certainly for much longer than they have been advertising houses for rent on realestate.com.au.
After all the hard work of advertising your property, holding inspections, screening tenants and getting the lease signed, it is hard to imagine why you would want to give your tenants a Notice to Vacate. However, I can say from experience that reasons do come up.
If you are ever faced with a hearing at tenancy tribunal, the first thing is to be sure that you are in the right. However, right or wrong, quite often the tribunal will side with whomever can produce the most accurate and relevant documentation to back up their case.
Update: This blog has been completely revised and updated. Head over here.
After the screening process to find great tenants, the best way for property owners to protect their rental property investment is with regular inspections. Great tenants are going to treat your property like their own, so your routine inspections will mostly be a way to verify that everything is as it should be.