After buying property from a real estate agent in Burpengary, choosing the right tenant is the next crucial step to help you earn a good return on your home. If this is your first time moving into the investment market, you'd be forgiven for feeling a little overwhelmed.
With the rising population pushing up demand for real estate nationwide, weeding through the candidates and choosing the most suitable person to occupy your property is no easy feat. However, one of the best ways to judge the character of your prospective tenants is by asking a lot of questions and following up on their references.
For example, asking them point blank about why they're leaving their current home gives you something to verify by calling up their landlord and checking. If they told the truth or lied, this can tell you a lot about them as a tenant – so be sure to take this information to heart when making your final choice.
It could also be worth seeking some professional help with this as well. Seek out the aid of a property manager – these real estate experts are used to looking after investment portfolios and choosing the most suitable tenants to help maximise the returns on their clients' homes. They can also have access to previous tenancy and credit information, helping to secure you a top tenant.