Securing a New Tenant is one of the most important steps in the Property Management process.
How you begin this stage can carry over into the management phase and create great results for you. Its your time to educate and set expectations on how the tenancy will proceed into the future. Take your time with this stage as any shortcuts here can result in miscommunication down the track and hence create issues for you later on. Time is a good investment in this stage so try not to rush this process.
Its all about laying a great foundation to create a positive outcome… (watch the video below)
PLAY THE VIDEO ABOVE
So why it is important to get the beginning of a tenancy right and what is our purpose?
1. LEGAL DOCUMENTS: The beginning of the tenancy is when your Agency, Owner and the Tenant all enter into a legally binding agreement. Therefore its crucial that the paperwork is in order
2. EXPECTATIONS: Start with the end in mind. It’s your chance to set the expectations so that the ‘during tenancy’ phase runs smoothly and without conflict
3. TRUST: Owners will be looking to you for guidance and expertise in this step and are placing their trust in you to get the legalities sorted out on their behalf
4. ATTENTION TO DETAIL: Filling in legal forms and completing reports with as much detail as possible will secure a great foundation should any altercations arise in the future. The more detailed you can be, the better
Please email us if you’d like to know more about our New Tenant Property Management Course or need any further assistance.