Everything you need to know about finding a good tenant

One of the most important things when renting out a property is finding a suitable tenant. For a landlord/landlady there is always the fear that the tenant will stop paying rent, or even damage the property in some way. There are some guidelines that you can follow, however, which can help you in your search to find a good tenant.

Everything you need to know about finding a good tenant

One of the most important things when renting out a property is finding a suitable tenant. For a landlord/landlady there is always the fear that the tenant will stop paying rent, or even damage the property in some way. There are some guidelines that you can follow, however, which can help you in your search to find a good tenant.

Establish the tenant profile

One of the first things to do is determine what type of tenant we want in the property, so that we can then tailor the advert to them and outline specific conditions.

Publish a full advert

Once we have established the profile of the tenant we are going to target, it is important to make the advert as detailed as possible, stating all the necessary requirements, in order that only those who meet these requirements and are genuinely interested in the property become potential tenants.

Check creditworthiness

To ensure that the tenant has sufficient financial capacity to pay the rent, it is advisable to carry out a solvency check. This means requesting paperwork to verify employment stability and monthly income. If possible, it is also a good idea to ask for references from previous landlords
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h3. Look into the possibility of taking out insurance against non-payment of rent.

As an additional guarantee, there is always the possibility of taking out rent default insurance to cover non-payment of rent as well as any potential damage caused to the property. In addition to this, insurance companies also carry out their own solvency check on the tenant before granting the insurance, therefore giving us greater peace of mind about the tenant we’ve chosen.

At WeRelocate BCN we specialise in buying, selling and renting properties. We help you with the whole process from start to finish, which allows you to rent out your property as soon as possible to the right tenant, ensuring that you get the maximum profitability out of your property.

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