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In This Video:

00:52 How do you avoid them?

01:29 Employ a good property manager and pay them what they want and when they want

G’day, my name is Nic Griffith. Now if you’re interested in Property Investment Advice, looking for a Property Investment Mentor, or Property Investment strategies, you’ve come to the right place. Today, I want to spend a couple of minutes just talking about tenants from hell.

We’ve all seen them, we’ve watched ‘A Current Affair’, we’ve seen the nightmares, we’ve seen what can happen.

This is a serious concern for many current and potential investors. However there are ways to avoid tenants from hell. Firstly, what are tenants from hell? Generally, they are going to be people who don’t have the same sort of respect for other people’s property, rights, rules or obligations that the majority of us do and should do. They won’t pay the rent on time, they won’t look after the property, they’ll cause damage, they won’t do what their suppose to do in accordance with their lease agreement.

Tenants from hell.

How to avoid them, that’s what we all want to know. Well the first thing we do is stay away from the low end of the market. The low end of the market is where we are going to find a certain type of demographic, but potentially, the majority of those people are going to be not in line with following the rules and respect of trust and values that we expect from our tenants.

An easy way to avoid tenants from hell is avoid that lower end of the market. That’s not to say that all the people that live in the lower end of the market are bad people, but the majority of those people that are going to potentially not be in line with what we want, are going to be in that lower end of the market.

Employ a good property manager and pay them what they want and when they want

The second key point is, employing a quality Property Manager. You pay that Property Manager what they want, when they want, and they look after your property and they identify the tenants. The first question that you ask your property manager is; Are you a property investor? If the answer is no, then move along and find the next Property Manager.

The second question is; How many properties do they manage? It should be a 1-100 ratio. That is, one property manager to 100 properties.

Just those two simple tips will help you to avoid tenants from hell.

Now, if you’d like to find out any further information, please log on to www.integrityproperty.com.au and you can find out some more helpful tips from us and our team and how we can help you. Thank you.

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