Finding and checking references for tenants is essential for a successful rental enterprise as a UK property investor.
I’ll discuss practical tactics and tools to make the tenant acquisition process simpler. I will also go into how I reference tenants and share information about other platforms that other investors utilise.
I use OpenRent to sell entire homes or apartments, and SpareRoom to market specific rooms in order to draw in possible tenants.
For HMO rooms, SpareRoom has shown to be incredibly beneficial, while OpenRent offers greater exposure through Zoopla and RightMove. Despite my experiments, Facebook and GumTree haven’t provided me with any notable outcomes.
For reliable tenant referencing, I highly recommend OpenRent and NRLA.
Both platforms offer efficient referencing services, ensuring prospective tenants have a clean background and stable finances. These platforms have consistently delivered positive outcomes in my experience.
It’s crucial to create a peaceful living space, especially for HMO residences. I personally interview prospective tenants to determine whether they would fit in with the neighbourhood. My personal philosophy is it’s better to wait for the ideal tenant than to quickly fill openings with the wrong people.
To streamline the selection process, I require potential tenants to complete a comprehensive form before attending viewings.
This form captures essential information about their background, reasons for moving, preferences, age, and employment details. Failure to fill out the form indicates a lack of genuine interest, and such applicants are generally not considered further.
I use GoTenant software to manage appointments and enhance communication.
It functions as a reminder system and automates communications to make sure tenants get updates on time. By planning numerous viewings for a single time period, this software has been useful in helping me manage my time properly.
Even though OpenRent and SpareRoom have worked well for me, it’s important to have an open mind about other sites. Speaking with other investors and landlords can give you useful information about alternative platforms that have produced successful results.
Are there any recommendations you can supply that you think would benefit me? I would love to know.
If you have any questions in regards to pursuing property investment, or how I can help you,
do drop me a line at info@ukpropertytastic.co.uk.
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