If you are considering renting out property in Norwood or elsewhere in Adelaide, it is essential that you ask any potential tenants all the right questions.
After all, you want to be safe in the knowledge that your property investment has been left in the right hands, so doing your homework early on can really pay off in the long run.
The Real Estate Institute of South Australia (REISA) has offered a number of tips on what you should be asking would-be tenants before asking them to sign an agreement.
One area that landlords need to delve into is the person's employment status – what line of work are they in, and is it full or part-time?
Ensuring a steady income from a rental property is essential, so you need to be confident that they will be able to meet payments each month.
Another question worth asking is when the tenant would be likely to move into the property.
REISA believes that anyone who seems too eager to move in straight away without prior explanation might be a risk – it indicates they are not good planners.
This may mean they struggle to deal with their finances, which could create payment problems further down the line.