How to choose tenant ?

It is not an easy task to look for good tenant. The relationship between tenant and landlord is long term and must be stable and communicable. Hence, there a several suggestion on how to choose a good tenant

* Do not rush *

It is a long term contract for at least a year. Although there might be pressure of paying the installment, but it is better to choose rationally to keep away from problematic tenant.

 * Choose good tenant instead of good rental *

Although it is good to rent the unit with high price, but the quality of tenant is far more important. It is not easy to get a good tenant; hence it is wise to lower down the rental and getting a good tenant.  This will keep you away from all the hassle like late payment or receive complains from the neighbors.

 * Tenant with stable and legal occupation *

Landlord should request for business card or any proof from the tenant to show that he/she is working in legal company. Tenant who do not have stable job might delay in payment. If anything happen in the unit and the tenant is found not work illegally, it will create endless hassle to the landlord.

 * Ask for moving reasons *

This is an important way to filer the tenant.  Landlord should check on the reasons of moving and details of their last stayed. Landlord may contact with their previous landlord to know their payment promptness, their cleanliness and some other information.

* Problematic Tenant *

There are several types of problematic tenant. Apart from the hassle from tenant, the prices of that housing area will fall too.  So, instead of detach with the problematic tenant, it is better to choose a tenant wisely.

 * Look for long term and stable tenant *

Despite the rental price increase yearly, it is still a type of cost saving to have a long term and stable tenant. It is tiring to go through all the hassle every year. The additional expenses involved as:

  * Maintenance fees like repainting, refurbishment and cleanup cost.
  * Additional 1 month agent commission
  * Installment burden of the unit while looking for new tenant
  * Administration jobs

 * Insist to collect sufficient deposit *

If tenant is unable to pay 2+1+0.5 utilities deposit, it is risky to collect monthly rental on time from the tenant.  Deposit is the safe guard to the landlord in order to get back the unit in well condition.

* Interview and understand the tenant *

Before signing the agreement, it is better for the landlord to interview or understand the tenant well.  Since all the details like chasing for rental, solving tenant problem should be handled by the landlord and not the agent, hence decision should be made by landlord and not agent.