How to effectively lease investment housing and choose the ideal tenant?

Have you decided to buy real property that you would like to lease and then pay your mortgage from the rent or get a regular monthly income? Investment in real estate is nowadays a very current topic, however, it costs you time and also brings you worries. Even if you’ve found a suitable apartment, handled financial matters and the purchase agreement is signed, you still got a lot of work ahead of you. Although it seems to be the end, in reality, you’re at the very beginning of a long journey at the end of which you can find very nice earnings or also a lot of problems that very often appear in rental housing. In our new article, we will show you what to watch out for and how to avoid all the trouble.

How to pick the ideal tenant?

Before you start looking for your new tenants, it’s necessary to thoroughly prepare the apartment. To fit it with suitable furniture, take accurate photographs and write a good advertisement. It’s also important to, objectively, but conveniently, set the lease, prepare the handover certificate and a good lease agreement.

After a thorough preparation and posting of the offer on advertising portals, the first interested people are slowly starting to contact you. In the case of a nice apartment and a good location, it can be even dozens of people per day. But how do you choose the right candidate? This step is the most important one and it certainly isn’t worth it to underestimate it. Since one bad decision can cost you a lot of time and even a considerable amount of money. Even if you’re convinced that you’ve got a perfect judgment of people, the opposite may be true...

There are an incredible 830,000 people under execution in the Czech Republic

Mr. Merchant, along with his wife, bought an apartment as an investment, same as you did. They did their best during the reconstruction and also when choosing the new tenant. Out of a dozen of candidates they eventually chose a very solvent married couple. Both were very nicely dressed, they arrived in an expensive car and they were looking for a place to rent only because they were waiting for their house to be completed. Mr. Merchant was satisfied how perfect the tenants he managed to choose were and he was looking forward to the regular and easy income.

However, the new tenants paid only once. In the course of the next months, the Merchants heard many excuses, followed by apologies and in the end, the tenants stopped communicating altogether. So Mr. Merchant turned to his lawyer and they filed a criminal complaint against the tenants. This was followed by a notice of termination of the lease and a civil action for eviction. However, from the filing of the action all the way to the court’s decision for eviction, a whole year has passed. A year, during which the Merchants didn’t receive a single rent, and the solvent couple turned out to be a couple with many executions.

Problematic tenants are nothing exceptional these days and not even a well-prepared lease agreement will protect you from a lot of problems that you may have with non-payers.

We know how to avoid troubles and problems with non-payers

The service IdealniNajemce.cz knows how to solve all your problems with rental housing. It’s an innovative service that will protect you from all the pitfalls connected with rental housing. “The concept of this service is very simple. It’s us who rents the apartment directly from the owner and this way, we become the Ideal Tenant and then we further sublease this apartment. We guarantee them a regular monthly rent regardless of the occupancy of the apartment and returning of the apartment in its original condition. Our team is made up of experts from real estate who can choose and thoroughly screen the candidate and thanks to this we can avoid tenants under execution, etc. We have strong legal representation, so we are capable of solving any potential problem with non-payers in its beginning stages. However, the greatest advantage for the owner remains, that even in case that problems with tenants came up, they would guarantee them regular monthly rent and no worries,” the business director Petr Kubišta says.

You will find more information on IdealniNajemce.cz.