How do I find a tenant? PDF Print E-mail
This is the greatest fear of novice investors, but, if you buy the right property at the right price with the optimum mortgage product,  you should have no problem in finding a tenant.  95% of all tenants are rated as A1 which means that they pay their rent on time, and do not damage the property.  You only have to avoid the 5% of bad tenants and that can be done by a vigorous vetting process.  The best way to never experience a bad tenant is not to let them into your property in the first place.  If you do get a delinquent tenant, it is important that you understand the law and use a reputable firm to help you get the tenant out of your property.

It is often easier to get a suitable Letting Agent to rent and manage your investment property for you.  Most investors have busy day jobs and do not want the hassle of collecting rent and finding new tenants etc. It is much easier to pay a fee, normally between 10% and 12% of the monthly rental income for doing so. If you do use a Letting Agent this has to be taken into account when you assess your outgoings.
 
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