Hi,
Renovating under house where my mother lives upstairs. Downstairs self contained flat with separate entrance and two bedrooms 1 bath 1 garage. Open for business mid August.
The problem I have I do not wish a property manager. I do wish to check on potential tenants. I also do not wish to go to the cost of setting anything up either.
My mother has been given details of two women who may wish to take it on. One single woman and one with a young daughter.
Is there anyway to pay by search on tenant database. As there are only two so far, and as my mother would prefer woman 1. Clean and 2. Safe. Well she is 74.Toshie7
There is a data base available to property managers but I am not sure it will be much help.
You need to do what a property manager does and check references – employment, past landlords.
After that you need to understand tenancy laws as apply to your state.Toshie7 wrote:Hi, Renovating under house where my mother lives upstairs. Downstairs self contained flat with separate entrance and two bedrooms 1 bath 1 garage. Open for business mid August. The problem I have I do not wish a property manager. I do wish to check on potential tenants. I also do not wish to go to the cost of setting anything up either. My mother has been given details of two women who may wish to take it on. One single woman and one with a young daughter. Is there anyway to pay by search on tenant database. As there are only two so far, and as my mother would prefer woman 1. Clean and 2. Safe. Well she is 74. Toshie7You can do a couple of things.
Firstly ask them for references – a real estate reference in this situation is ideal because they're generally impartial whereas a personal reference isn't worth a whole lot.
You can also pay for a TICA search (do a google search on this) – this is what the professional PMs use.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Make sure you have a contract in place.
Otherwise you may become the next 60 minute story where a tenant decides to stop paying rent and won't move out. With no contract you have no rights. Also be aware that if anything happens to the tenant in an unaproved granny flat you will lose your house. Insurance won't cover you.
Jamie, The tenant has to agree to go on the TICA register so I dont even know if anything on that would be useful or relevant. I guess if the tenant has agreed to go on it- then their history must be clear. But from my experience, it is not all that extensive or exhaustive- will not tell you much at all.
Personal references can tell you a lot but agreed can be “worded up” by the personal friend. A real estate reference, can be of assistance but so can employment references.
Catalyst – your advice is gold- yes Toshie needs to have a written agreement AND be cognisant of the Tenancy Act in her state.
WomeninPropMelb wrote:Jamie, The tenant has to agree to go on the TICA register so I dont even know if anything on that would be useful or relevant. I guess if the tenant has agreed to go on it- then their history must be clear.Or they went on it before their record became tarnished.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Another thing to consider when renting your property out is landlord’s insurance. You should be able to find a policy for under $300/year. It will cover you for damage caused to the property by the tenant, as well as any shortfall in rent if the tenant leaves without giving you written notice. Definitely worth it in my opinion.
Cheers
KrisFreedom Through Property wrote:Another thing to consider when renting your property out is landlord's insurance. You should be able to find a policy for under $300/year. It will cover you for damage caused to the property by the tenant, as well as any shortfall in rent if the tenant leaves without giving you written notice. Definitely worth it in my opinion. Cheers KrisI cannot explain how much I agree with Kris's comment – it is so important to be protect what is likely to be your largest asset/investment.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
I dont think you are covered if you are not going through an agent though. Yes, its a great idea to have Landlord Insurance. I have known of at least 2 cases where the landlord had cause to make a claim. You will need to check the fine print but they ask are you renting via an agent..
I have down loaded quite a few bits of paperwork for tenant and myself and have setup insurance through my agent.
With the check up can tica just charge you for two checks.
Toshie7
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