Page 51 - ESPC Magazine Nov 2020

LETTING ADVICE

HOW TO FIND GOOD TENANTS

Nicky Lloyd, Head of ESPC Lettings, provides her top tips on how to find the right tenant
for your rental property.

Tenants are now tending to rent for longer price in order to maximise the interest
in Edinburgh than they ever have previously and number of applications you receive.
and are being more selective when choosing a It’s worthwhile remembering that the best
rental property. tenants, who are going to look after your
property, are not necessarily the ones who are THE HOME
Well-maintained properties that have recently willing to pay the highest rent.
been refurbished, redecorated or have
upgraded bathrooms or kitchens will attract To find the best tenant, it’s beneficial to have
more interest from prospective tenants, giving as many applicants as possible to choose
you a larger pool of applicants to choose from. from. Most tenants will start by searching for OF PROPERTY
Providing good quality, matching furniture in rental properties online, on websites such
furnished properties also helps. as ESPC or Citylets. Therefore, it’s essential you
advertise your property on these websites, to
In addition to providing a quality property, ensure it is seen by as many potential tenants
it’s important to set your rent at a fair market as possible.
The latest properties for sale
Current guidance from the Scottish
Government advises that tenants should view
a property virtually initially and only progress
to a physical viewing if they have a keen Free home valuations
interest in renting it. You should therefore
try to offer virtual viewings for your rental
property if possible.
Local experts
Checking any prospective tenants’ references
provides invaluable information when
selecting a tenant. You should ensure the
following checks are carried out:
• Credit rating
• Adverse credit check
• Affordability check
• Current landlord reference
• Employment reference

ESPC Lettings can help with marketing
your rental property and finding the right
tenants. Contact the team on 0131 253 2847 or
landlord@espc.com, or visit espc.com/lettings

50 ESPC.COM