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I was recently addressing a group of landlords at a seminar about tenant referencing when one of them said “I do not need your system – I have never had a bad tenant”. In the short term that may be true, but lifestyle referencing is not about just adding a load of names to a list, it is about professionals of the same industry all socially uniting together to strengthen what they do and reduce problems in the future.
So I said to this gent “you may not need us today, but not to join and add your tenants to the community is tantamount to saying you should not join your local neighbourhood watch because you have not been robbed yet!” the general idea of a neighbourhood watch scheme is that you and your neighbours are all proactive in watching for those who are trying to rob you before they do so and not they rob you while the neighbourhood watches.
@ LandlordReferencing.co.uk is all about looking after one another in your community, exactly the same as neighbourhood watch. Figures show that most dysfunctional people originate from tenanted homes and most people who leave prisons go into rented accommodation and last year’s two thirds of prisoners who were released reoffended. It therefore stands to reason that most landlords have a first-hand inside track to the problems and crimes that those people create both to their property and to their neighbours. So, it must also stand to reason that the more landlords and letting agents that join http://www.landlordreferencing.co.uk then the stronger the network and the better the tenant references that we all get.
More importantly, we may not (like our gent) have had a bad tenant, but have any of our tenants ever had a bad neighbour? Lifestyle tenant referencing is designed to help to stop bad tenants which in turn must stop your good tenants having bad neighbours. I also went on to explain that my existing and past tenants all know that I network reference with 1000’s of other landlords and agents in the area and because of that it stops them from misbehaving themselves or when explained to a prospective new tenant, then it deters the bad tenants bent on destroying property or not paying their rent from taking a property from me. When I started LandlordReferencing.co.uk I had my good tenants leaving all the time because of trouble makers. My rent defaults were at around 18% and there was property damage right across the board but now, 18 months later, my voids are down to 6% which includes any ‘making good’ repairs and defaults.
This is a great success for my portfolio of over 100 properties across 125 tenants but the best part for me are my good tenants all stay, we all get on and I can now reinvest the margins I used to have to pay away to repair damaged properties into better facilities and decoration for my good tenants. So, tell others about networking in your area as the more you tell the stronger it will make your community. Landlords, Letting agents & even tenants who have had bad neighbours “What do you think” please let me know what you think
I can completely understand what you mean and I have always gone on the basis that prevention is better than cure and neighbourhood watch stops burglars, not gets their belongings back. Well Landlord Referencing is stopping bad tenants before having to evict or repair your property.
I have had a few experiences in my day being a landlord but the one that I will always remember is when I went to show a potential tenant one of my flats and as I was there waiting for him he was coming down the road holding a can of lager.
Not that drinking makes a bad tenant but it was only 10.00 in the morning! ! !
I suppose the question is whether you let out the property to him !
I've never had that experience but I guess I would probably consider him a bad tenant in the making or a potential rogue tenant in the future.
We all look out for good tenants and ones that won't damage or leave rent deficits though !!
I just read an article written by Mark Alexander of property 118 and its content outlines an issue about “Is it right that a violent criminal who has just got out of prison after serving a 15 year stretch, having paid no taxes and proven to be a danger to society should be entitled to live in a one bed self contained flat, at further expense of the taxpayer, when 34 year olds who have worked all their lives, paid their taxes and recently lost their jobs have to make do with a shared room in a shared house?
I have a feeling this article say's it all about our society. I think it is time for change
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