As a residential property management company owner, rental property owners regularly ask me “what’s the best way to secure the best renters”?

If you want less stress, minimal wear & tear, reduce maintenance costs, and ensure good consistent cash-flow, then you require the best renters.

The easiest way to get the best tenants is to avoid bad renters, and keep the most reliable tenants for a very long time.

My experience is you need to be highly professional and exhaustive. And you need to be VISIBLE to be highly professional and pay great attention to detail.

Poor renters avoid us because they are aware that they can never get in the door.

And we attract the most reliable tenants because they know the standard of the homes we rent is really high and they’ll receive exceptional service from us.

So how do you go about being seen to be highly professional and thorough?

You want a full set of rental property management procedures, and to follow them conscientiously.

And you need to treat management of your rental like a business, and extract any and all emotional decisions from your calls.

You need to take a look at your potential renters comprehensively during the application procedure. Complete info and ID should be picked up to ensure you can act if there are issues later. Speak personally to prior owners, and always do additional character and credit checks. Utilise a inclusive checklist to ensure any special conditions are obviously covered in the tenancy contract.
Do three monthly inspections.
And follow up any maintenance issues immediately.

Do it yourself property managers regularly find out the difficult way how vital it is to take care of these things.
They lease to bad renters or do not do inspections frequently enough and then discover their property has sustained significant damage.
They could have to change curtains and carpets, repair holes in walls or even re-paint the whole interior.
They may spend thousands or maybe even many thousands of dollars on repairs and also lose rent income for weeks while the repairs occur.
By taking care of the crucial details you noticeably reduce or eliminate these risks and ensure your property investment continues to give good returns.

These tips are brought to you by Quinovic Johnsonville, a residential property management specialist in the Northern Suburbs of Wellington, New Zealand.