Hi,
We currently self-manage out property and lease them out on a room by room basis. We've been doing so for a long time now. We have never ran into any issues until a few months ago when a tenant couldn't financially afford to pay (lost job, best friend died, or something along that line). She ended up staying an extra 4 weeks unpaid (bond only covers 2 weeks). We would like to avoid these kind of situation occurring in the future.
So lately, we have been requiring prospective tenants to provide us with 3 months worth of recent bank statement. One party refused, claiming that he has too much money (scared of me jacking up rent), that there was private information and that blah blah. I don't think I'm being unfair as real estate agent essentially do the same thing.
Just wondering how you would screen your prospective tenant.
Thanks,
David
We currently self-manage out property and lease them out on a room by room basis. We've been doing so for a long time now. We have never ran into any issues until a few months ago when a tenant couldn't financially afford to pay (lost job, best friend died, or something along that line). She ended up staying an extra 4 weeks unpaid (bond only covers 2 weeks). We would like to avoid these kind of situation occurring in the future.
So lately, we have been requiring prospective tenants to provide us with 3 months worth of recent bank statement. One party refused, claiming that he has too much money (scared of me jacking up rent), that there was private information and that blah blah. I don't think I'm being unfair as real estate agent essentially do the same thing.
Just wondering how you would screen your prospective tenant.
Thanks,
David