Managing Rent Arrears

rental payment in cashRent arrears are a landlord’s worst nightmare.

If a tenant can’t or won’t pay the rent, it can be hugely stressful, especially if you have a mortgage to pay.

If you own dozens of properties, a non-paying tenant won’t be so much of a financial burden, but if this is your only property and you are relying on the income, it can cause a great deal of worry.

The best way to avoid rent arrears is to choose your tenants carefully.  There isn’t a fool proof method because there will always be tenants who end up in financial difficulties through no fault of their own but it is sensible to vet the finances of prospective tenants to make sure they can afford to pay the rent.

The referencing system used by Sheldon Bosley is tried and tested and over the years we can be very proud of the small number of tenants whose rent ends up in arrears.

Contact Sheldon Bosley for more details of how we can take the stress out of finding low risk tenants.  Call 01789 292310 or 01608 661666.

Advertisements