How do I ensure tenants pay the rent every month for the duration of the tenancy?
Firstly it's important that any tenants have been referenced comprehensively. This is one of the advantages of using an estate agent to find your tenants, for example at ludlowthompson we have a database of over 600,000 applicants which allows our tenant referencing to be extremely thorough. We also run credit checks against publicly-held credit files to ensure that applicants have a clean credit history.
Such is the confidence in the quality of our tenant selection, unlike our major competitors we can underwrite your tenancy with our own in-house warranty in the rare event things don’t go to plan. We also have an experienced rent collection team that follows up any overdue rent, should we be in a position that despite various attempts to contact the tenants to pay the rent, we are unable to take payment from the card details the tenant agreed to store with us.
3rd July 2015
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