Property Managers & The Right Tenant Screening Process

Selecting a professional property manager to take care of your investment property can be an overwhelming process. Understanding how particular property management firms screen tenants is vital to ensuring your property will be adequately cared for. The following questions can help guide your conversations with prospective firms and help you make the right decision for your property needs.

Property Managers & The Right Tenant Screening Process

What do you find out about a prospective tenant’s reason for moving?

Professional property managers recognise the importance of finding out why a tenant has decided to move and is enquiring about a property enables them to screen for any problems that may have arisen in the past. Understanding whether the potential tenant has been evicted, is moving due to issues with neighbours, or overcapitalising on rental payments is important to know so that an informed decision can be made.


What do you find out about a prospective tenant’s employment and financial situation?

Rental market prices are driven by supply and demand, however it is vital that the person, or persons, renting out your property are able to afford your listing. Experienced property managers recognise the importance of identifying potential tenants that have a good employment history, both in regards to the amount they earn and their longevity at their current place of employment, to ensure they will be able to maintain the rental price for the foreseeable future. Statistics show that the most reliable tenants have enough income to service the cost of a rental two and a half times over. This amount allows for adjustments in rent and if their employment situation changes.


What do you find out about a prospective tenant’s intended living situation?

Professional property managers are skilled at finding out how prospective tenants intend to utilise your property. Understanding the amount of people they intend to have living at the property, whether they have any pets and if they intend to use all or part of the grounds as part of their workplace, ensure an informed choice can be made regarding suitability. Depending on how your property and its insurances are structured, additional tenants and home-workplaces can be an insurance liability, and professional property managers ensure the appropriate information is discovered before suggesting a particular tenant. Furthermore, professional managers will also scope out when the prospective tenant intents to take over occupancy to ensure their situation aligns with your intentions.

For an obligation-free conversation, contact Wise Realestate Advice on 1300 009 473 to discuss how their professional property development managers can support your property goals

  • +61 3 9982 4545

    Your Name *
    Your Email *
    Phone Number
    Your Message
  • Wise Real Estate Advice

    Wise Real Estate Advice
    Reviewed from Google

    5 out of 5 stars

    Hari Krishnan
    Hari Krishnan

    5 out of 5 stars

    posted 3 months ago

    I found Mark through Google!!!.
    Since my first meeting I felt so confident in Mark's ability and experience in being able to deliver a great result. I was very much impressed with Mark's service as he made the whole process easier and stress free!!!!

    I am really happy because I bought exactly what I was looking for and it was well under my top budget. Most importantly We did it within few weeks.

    Since day one Mark was very pro-active.

     Mark emailed multiple properties every week within my search parameters and wish list.
     Mark allowed me to be involved as much as I wished.
     Mark inspected the properties I liked.
     Mark explained the positives and negatives about each property.
     Mark held a pre-auction meeting and attended the auction
     Mark's strategies and suggestions like where he’ll stand during the auction, how he’ll handle the negotiation etc. etc. and through to the final shaking of hands inside the house all played out in a positive way.

    Thank you Mark for all your work in getting me the right house for the right price!

    I highly recommend Mark for everybody who wants to find a good place to live or invest.

    Many, many, many thanks!

    alok desai
    alok desai

    5 out of 5 stars

    posted 1 month ago

    Mark helped us find our first Investment property and it has been a great experience for us. He made it so easy for us and took away all the stress about the whole process, was very patient and very responsive will all the queries we had and helped us in every step of the way to find us our ideal property. Thank you again for all your efforts Mark.