But with recent concerns over low levels of PRS deposits being registered with tenancy deposit schemes coupled with the amount of ‘Generation Renters’ steadily rising, the minority of bad tenants will also inevitably grow; giving even more reason to be extra vigilant in how you select your next tenants and carry out your ongoing tenancy management skills. How do you protect your property from tenants from hell?
Vanessa Warwick, co-founder of the property advice forum PropertyTribes.com has a great saying: “The best way to never experience a bad tenant is never to let one into your property in the first place“.
You can use the following check list to protect yourself and your existing tenants from anti-social neighbours.
Yellow Oak Inventories Three Point Anti-Bad Tenant Checklist:
- Your 1st pre-tenancy port of call should always be to detailed and methodical tenant referencing procedures;
Previous Letting Agent
Personal References (non-related, professionals e.g. University Lecturer)
Guarantor Reference (if applicable)
Visited tenants’ current home
Digital quick tip: Don’t forget to ask for email addresses as well as phone numbers for references.
A quick google search on your potential new tenant can also be worthwhile.
- Using an impartial, professional and officially approved property inventory clerk from start to finish, as well as mid-term reviews and regular property inspections, can protect against such common housing hazards as:
– Drug Dens
- Knowledge is Power
Keeping up-to-date on local and national legislation, relevant to UK landlords and letting agents, will provide a fool proof safety net for the future protection of your investment and well-being. So consider joining or contacting a nationally recognised organisation, e.g. The National Landlords Association (NLA) @nationalandlord, The Residential Landlord Association (RLA) @RLA_News, NALScheme @, SAFEagent @Safeagent or The Association of Residential Letting Agents (ARLA) @arla_uk, or a local association, accreditation, PiN or group; e.g. The London Landlord Accreditation Scheme @LLAS_UKLAP.
Tap into an ocean of knowledge, such as:
– Deposit Protection
– Deregulation Bill
– Eviction Legislation and Advice
– Universal Credit
An extreme example of a bad tenant reminds us of a story we heard about back in 2013. An enraged French tenant who had been refused their deposit back caused $2,500 worth of damage when he took a sledgehammer to his apartment in revenge! If you don’t believe us, here’s the video!
As experienced landlords ourselves we have had our fair share of bad tenants and now know many fool proof ways to weed them out. So for more tips on avoiding nightmare tenants please don’t hesitate to get in contact with us, either by phone: 020 3713 4933, by email: firstname.lastname@example.org or via Facebook or Twitter.