PIMS Tips: Top 10 tenant vetting tips for landlords
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PIMS Tips answers more commonly asked questions by landlords. For more visit http://www.pims.co.uk/blog/videos
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PIMS Tips: Top 10 tenant vetting tips for landlords
- 1. TIPS
- 2. TIPS Quick wordsof advice for great landlords.
- 3. Top 10 Vetting Tips
- 4. 10
- 5. 9
- 6. 8
- 7. 7
- 8. 6
- 9. 5
- 10. 4
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- 14. For more advice visit www.PIMS.co.uk
- 15. For more advice visit www.PIMS.co.uk www.PIMS.co.uk/credit-check
- 16. Music by Bensound. Property InformationMade Simple
Notes de l'éditeur
- Pims tips ….
- Quick words of advice for great landlords.
- Top 10 vetting tips.
- Ten. Start with targeted advertising to make sure you’re advertising to the type of tenants most suitable for your property. Methods include newspapers, online estate agents, shared housing websites and more. Students http://www.canstockphoto.com/images-photos/students.html#file_view.php?id=4095590 Couple http://www.canstockphoto.com/images-photos/couple-white-background.html#file_view.php?id=26252118 Cute couple http://www.canstockphoto.com/images-photos/couple-white-background.html#file_view.php?id=26017885 Family http://www.canstockphoto.com/images-photos/family-white-background.html#file_view.php?id=26147614 Old Couple http://www.canstockphoto.com/elderly-african-couple-15620767.html Casual couple http://www.canstockphoto.com/casual-couple-on-white-background-23169227.html
- Nine. Be wary of potential tenants in crisis or in a hurry to move. People who are in the middle of a change in personal circumstances are often the most prone to problems. Worried guy http://www.canstockphoto.com/images-photos/worried-person.html#file_view.php?id=15646713
- Eight. Develop a screening process for calls you may receive from interested applicants. Find out exactly what the tenant is looking for, what their budget is and who they will be living with. http://www.canstockphoto.com/images-photos/checklist.html#file_view.php?id=2452496
- Seven. If the tenant is on benefits, you MUST check their eligibility to receive, otherwise you may be paid less than you think. http://www.canstockphoto.com/images-photos/benefits-stamp.html#file_view.php?id=19877921
- Six. If the deposit has been paid by the council, you need to be extra diligent in your vetting process, as there is a higher probability that this tenant has been previously evicted. http://www.canstockphoto.com/images-photos/empty-pockets.html#file_view.php?id=4635471
- Five. Charge an admin fee. Remember to mention that admin fees are to cover costs such as credit checks, the provision of an inventory and tenancy agreement. http://www.canstockphoto.com/images-photos/british-money.html#file_view.php?id=6429502
- Four. Make sure you see some documentation proving the identities of the tenant and guarantor before you ask both to sign the tenancy agreement.
- Three. Before you engage with a letting agent, make sure that you vet them too. Ask to see a copy of their tenancy agreement, look at how they market properties, investigate their company history and see if they are members of any of these professional bodies:
- Two. Always ask for a guarantor wherever possible. More often than not, landlords never recover from losses without a guarantor in place. http://www.canstockphoto.com/full-length-portrait-of-smiling-man-7010553.html
- One. ALWAYS carry out credit checks on tenants. Credit checks are extremely important in avoiding unnecessary risk to yourself yet can be relatively easy to conduct online. http://www.canstockphoto.com/images-photos/credit-card-magnifying-glass.html#file_view.php?id=16686446
- For more advice about managing a tenancy visit www.pims.co.uk
- You also find out about our online credit checks at forward-slash credit-dash-check.
- PIMS: Property Information Made Simple