More information now on how to differentiate between potentially strong and weak clients. This is places you in a luxury position when you have a house to let in Liverpool. Anyone with any property management experience will quickly tell you ‘get this wrong and it can cause you no end of trouble’
Imagine late payments, damage and complaints from your neighbours
Consider credit checks
You may consider running a credit check on your prospective tenant. This is particularly helpful in identifying previous bad debts, and its uses are therefore twofold: a credit check can help you judge whether or not the tenant is likely to pay the rent (or, more accurately whether they have a history of non-payment); and it can help you judge whether or not the tenant has existing disputes that might, in the worst cases, cause bailiffs to come knocking at your property.
Trust your instincts
The importance of trusting your instincts really cannot be overstated. If the tenant’s references are fine but you are still unsure about the individual, you should listen to your gut feeling. Remember that you are not obliged to let your property to anyone. If you would be uncomfortable doing business with them, then keep looking.
Always take a deposit
It is remarkable how many landlords fail to take a security deposit from their tenants. This is one of the most important ways in which you can protect yourself and your property, and you should not hand over the keys to your property until you receive it. The size of the deposit you request will depend on the nature of the property, but most landlords ask for the equivalent of either one month’s or six weeks’ rent. Remember that the deposit needs to be protected in a government-mandated deposit protection scheme.