Find your own tenant and save money

Wouldn’t it be nice to have an extra month’s rent in your pocket? If you decide to find a tenant yourself rather than pay a rental agent to place one for you, you’ll save yourself the placement fee – usually one month’s rent.

In a recent article we offered some pointers to take good photos of your property for your online rental advertisement. Now, what about the contents of your advert?

Step 1: Describe the property

Try to offer an accurate description of the property: if you are offering a cosy, shabby-chic cottage, don’t try to pass if off as a luxury designer pad – you don’t want to waste anyone’s time.

Here is a quick check list of information you can consider including:

  • Number of bedrooms
  • Describe the living area – is there a separate dining area?
  • Is there a study?
  • Does the bathroom have a bath and shower?
  • Is there a separate toilet?
  • What is the size of the dwelling and the property?
  • Is there a swimming pool?
  • Is there a balcony or deck
  • Does the property have a view
  • Are there any outdoor amenities such as built in braai area, jungle gym
  • Is the property furnished?
  • Are there any appliances included such as a stove, washing machine or fridge?
  • Parking: is there a garage/car port/off-street parking?
  • Are any additional services, such as garden or cleaning services included?
  • Finally, remember to include the monthly rental amount.
  • Proximity to schools, public transport & shopping centres
  • Security: Is in in a secure complex? Alternatively, is it properly fenced, in a well-lit area? What are the crime stats for your area? This is an important aspect for many people.
  • Quiet area, away from busy roads?
  • Is there a nice garden, established trees?

Step 2: Describe your dream tenant

Up to how many people may stay in the property?

Are animals allowed?

Are children allowed?

You could specify what kind of tenant you would prefer, for example vegetarian, but remember, you may not be prejudiced against people due to age, gender, sexual preferences, race, creed or culture.

You may want to state that tenants with stable employment are preferred rather than self-employed or commission earning tenants.​

Step 3: Be clear about the terms

Whether or not you intend to use RentMaster’s rental collection service, we recommend that you include the following in your advertisement:

Inform applicants that they will be required to show proof of income and affordability by tendering bank statements and payslips.

Applicants will be required to give permission to run a credit check.

The successful applicant will also need to pay the rent by debit order if Rentmaster is contracted to secure the rental collection.

Step 4: Make a date

Advertise the viewing date in your advertisement. This way, you will only need to make one viewing appointment. Most people prefer to view over a weekend. Remember to give yourself (and RentMaster) enough time to properly screen the applicant, so the middle of the month is better than the 28th!

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply