Guides

  1. Home
  2. Knowledge Base
  3. Investment Property
  4. 5 tenant red flags

1) If they’re quick to find faults. If you have someone attend an inspection of your property where they point out every minor defect they can find despite the unit or house being near perfect, but put in an application anyway – stay clear. You will be constantly sorting out repairs and spending unnecessary money to keep them happy.

2) If they have something to hide. If an applicant applies to rent your property but does not provide any supporting documents or references, there is usually a reason why and you should proceed with caution. When you specifically request this information and they still cannot produce anything, I think it’s safer to simply select another applicant.

3) If they’re always in arrears. Rent should always be paid on time. An applicant who is constantly late with rent or still owing money to their previous landlord will always be this way, and I can guarantee they will be a financial burden to you. One of the most common excuses applicants make for being behind in payments is that their previous agent wasn’t organising repairs on time – even if this excuse may be true, it’s a major red flag.

4) If they’re constantly on the move. If an applicant has moved properties every six months for the past three years and explain they did so for a lifestyle change, you can be fairly confident you will be looking for a new tenant six months down the track if you proceed. It is also likely that they weren’t looking for a lifestyle change but instead were asked to leave their other rental properties.

5) If they’re poorly presented. Just like a job interview, applicants should always make an effort to look well-presented when they inspect a property and meet the owner – this shows they’re taking their application seriously and is a good indication they will respect your property. If an applicant has unruly hair, and is wearing slippers and a dirty shirt, you can be sure that their living habits will be just as chaotic.

Need help with seeing if you have a reliable tenant? Click here to check their tenancy or contact us online now. Alternatively, call us on 1300 558 887.

Was this article helpful?

Related Articles