Which good tenants to choose?

Now the headache comes.... which one do I choose? They are all pretty good candidates. All seem to be pretty good, with good reference and financial background.

1. A couple, both IT specialist, wife's earning around $80k, husband around 60k.

2. A single guy IT Manager, making around $100k, willing to do 2 years contract.

3. A chinese student, willing to pay six month of rent in advance.

4. A couple, boy friend makes around 50k and girl friend relies on family support, willing to pay $20 more rent than my advertised rent and do two years.

I am more towards the single guy... to be honest...
 
As per the last thread, you absolutely need to ensure you are thoroughly checking the applications.

Get everyone to fill in an application form (you can usually download a standard one from your states fair trading website).

This will give you all of their details, and it should also have a section where they sign to say you can collect tenancy details on their behalf. Then yes, you can call the agent and ask about their current/previous history.

If their current rental is privately managed, Google the address and see if it was advertised with an agent or see if someone is willing to RP Data the address to show that the name on the property title matches the name they've put on the application.

Of those, I'd go the single guy - but I wouldn't do more than ~1 year contract in the event it doesn't work out. If it does, then you can negotiate the next lease term to suit.
 
Number one or two.

I've been stung by option three before. Two students turned into five students and two dogs :-(

Cheers

Jamie
 
I dont just rely on income but also check employment references, current managing agent report and TRA check. Plus when I meet them who do I have a good feeling about.
 
It looks like your property is very popular.

The option 2 looks more attractive, but once I rented out to a single IT guy. later turned out that he lived there with his mum. He delayed his payments and left property in very untidy condition.

I would go for 1 or 4.
 
Back
Top