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Signs of a Bad Tenant

Obviously  we can’t be property investors without tenants, they help pay our mortgage.

So while the quality of your investment property is important, so is the quality of a tenant who occupies it.

By the way, one of the problems with allowing the presentation of your property to decline is so does the qualifications of a tenant, and from there we have a vicious cycle downwards. rent-lease-property-tenant-keys-hand-over-man-woman-buy-sell-unhappy

For me a good tenant:

  • Pays on time.
  • Stays long term.
  • Keeps to conditions on lease.
  • Reports maintenance in a timely manner.
  • Is respectful of the owners property and agencies rights to manage.

Here are some signs of a prospective tenant that could lead to a bad tenancy occur right from the start. 

The references may be below average, payments are late or inconsistent, or they may be unable to a pay a full bond.

Sometimes they are looking for accommodation in a desperate state like now or need to find something today .

These signs will be further backed up by their dress use of language, attire, car and general gut feeling.

For me there is never any benefit of solving one problem with another i.e. vacancy- with a problem tenant.

Tenants don’t change their spots. 

Metropole Property Management

It’s likely that if they’ve  been difficult before they will be difficult again.

It will be your mental health, cash flow and property that suffers.

At Metropole Property Management we help you build your wealth by offering the best property management services available because we are a different breed of licensed estate agents.

We do not sell real estate.

We lease and manage residential properties throughout MelbourneSydney and Brisbane concentrating all our resources on ensuring that your specific management needs are fulfilled.

This means we will look after your property the way we look after our own.

Using our professional skills and the latest technology we find quality tenants, minimise vacancies and handle marketing, repairs, maintenance, accounting and legal compliance efficiently and cost-effectively.

…and the real benefit is a generally better return on your investments with minimum fuss and more peace of mind.

Find out a  bit more about our property management services here or please click here and we’ll call you to have a chat about your proeprty portfolio and conduct a rental optimisation check



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About

Leanne is National Director of Property Management at Metropole and a Property Professional in every sense of the word. With 20 years' experience in real estate, Leanne brings a wealth of knowledge and experience to maximise returns and minimise stress for their clients. Visit: www.metropolepropertymanagement.com.au


'Signs of a Bad Tenant' have 3 comments

  1. Avatar for Property Update

    March 31, 2014 @ 5:31 pm folioinvestau

    It’s a great idea for investment. thanks for this information.

    Reply

  2. Avatar for Property Update

    January 11, 2018 @ 10:29 am Geof Klem

    Great article, potential residents in investment property are
    really important to carefully screen as I have found it makes a big difference to time and expenses. That old saying “Better an empty house than a bad tenant” is very apt!

    Reply


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