Wednesday, October 27, 2010

The first rule to avoid "bad tenants" - you can never do too many checks.

Further to Jackie's last blog, I came across another situation recently where the property investor could have been saved time and expense if their Property Manager had spent a few minutes checking the prospective tenants thoroughly. While doing a routine check for a prospective tenant on the Tenancy Tribunal site I noticed an individual had a history of seven Tenancy Tribunal applications made against them over a period of 3 years with total costs awarded being over $7000.00 plus other costs that were not pursued at Tribunal. All the applications were made by Real Estate companies and each of the offences were similar to the last.

You can forgive the first applicant and maybe the second as the first case might not have been published at the time of checking the tenants background, but there is really no excuse for the real estate companies who filed the last few applications. One of which required a bulldozer to remove the rubbish on the property, it was that bad (one wonders why a property inspection didn't pick this up sooner). Amazingly enough a few of the real estate agents were also chasing their letting fees. I would have thought the tenant would have been required to pay this before moving in. Yet another alarm bell ringing that was ignored.

If they had taken the time to do the checks and looked at warning signs they would have realised that this is a tenant nobody should ever rent to. They would have saved the property investor and themselves undue stress and cost.

Check your prospective tenants Tribunal history here

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