One of the biggest worries for landlords is whether they’ll find tenants who are trustworthy, pay their rent on time, and look after the property. The good news? With the right process, you can significantly reduce your chances of running into problems. Here are our top tips for finding reliable tenants.
1. Market your property properly
A well-presented advert with clear photos, an accurate description, and honest details about costs will attract the right kind of applicants. Cutting corners here often means wasting time on unsuitable enquiries.
2. Carry out thorough referencing
Always check credit history, employment status, and income affordability. References from previous landlords are invaluable – if a tenant has a track record of paying on time and looking after a property, that’s a strong indicator.
3. Meet your applicants
A face-to-face viewing (or even a video call if they’re relocating) can reveal a lot. First impressions matter – how do they communicate, and do they seem genuinely interested in the property?
4. Don’t skip the paperwork
Make sure everything is properly documented, from application forms to referencing reports. Tenants who are happy to provide the right information quickly are usually the ones who have nothing to hide.
5. Trust but verify
Even if a tenant seems great, never rely on gut feeling alone. Cross-check their information and follow up on references.
Red Flags to Watch Out For
While most applicants are genuine, here are some warning signs that should make you pause:
- Rushing to move in immediately without good reason.
- Reluctance to provide references or documents.
- Inconsistent employment or income proof.
- Offering rent upfront as a way of avoiding referencing checks.
Spotting these early can save you a lot of stress later.
Don’t Forget the Tenancy Agreement
A clear and fair tenancy agreement is crucial. Reliable tenants will have no issue signing an agreement that protects both sides. It also sets expectations from day one, which helps avoid misunderstandings further down the line.
Local Insight: Chepstow and Surrounding Areas
Here in Chepstow, demand for rental homes is consistently high, which means landlords often have multiple applicants to choose from. Following these steps ensures you select not just any tenant, but the right tenant – one who pays on time, stays long-term, and looks after your property.
Final Thoughts
Finding a reliable tenant isn’t about luck – it’s about having the right process in place. With good marketing, thorough referencing, and an eye out for red flags, you’ll give yourself the best chance of success.
At Proceed Property, we specialise in taking the stress out of lettings. From advertising your property to full tenant checks, we make sure you end up with tenants you can trust, whether you are self-managing or we are managing the property for you.
Leave a comment