Buy-to-let landlords should invest the time in getting to know their tenants, according to new research.
A survey conducted by Upad shows that one of the biggest regrets of experienced landlords when they first started off, was not meeting and vetting prospective tenants themselves (12% of respondents). A further regret was failing to appreciate the value of tenant referencing checks (10%).
James Davis, founder of the online lettings agency and who himself is a portfolio landlord, said: “I’ve always promoted the value in getting to meet a prospective tenant face to face and the fact that almost a quarter of the landlords we questioned regret not investing the time in properly doing so, highlights what an important part of letting a property this is.
“There are many aspects of a prospective tenant’s character that can be confirmed via legal and financial checks, but traits such as punctuality, appearance and willingness to be honest and open, can only really be ascertained via a good old-fashioned face to face conversation. Indeed, our own data has previously demonstrated that over 90% of tenants actually like to get to meet their landlord too so it’s a win:win situation which simply requires a small investment of your time.”
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