WHY |
 | Though the long-term benefits and returns of rental units are favourable, some of the biggest day to day risks are the following: 1. Placing the wrong tenants in a rental unit, with the resulting consequences that comes with it; 2. Making use of the services of a real estate business that is not a specialist in the field of proper rental administration. 3. A D.I.Y. approach by landlords, who may eventually end up with tenants that could not successfully pass the screening procedures relevant to the market, mostly for good reason. |
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HOW DOES A LANDLORD KNOW how to choose the right tenant?
In most instances, a landlord will decide on a tenant after looking at the tenant’s credit profile, payment history and then go with a gut feel that all will be well. One may get away with it most of the time, but what happens if something goes wrong?
In general, tenants are good people with no hidden agendas to do a landlord harm. I can say this from experience as I am involved in rentals since 1992.
In general, tenants are good people with no hidden agendas to do a landlord harm. I can say this from experience as I am involved in rentals since 1992.
The rental industry has changed completely during the last decade and both tenants and landlords have to stay within acceptable parameters to remain active in the market.
Author 1
Erna Rossouw
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