The importance of having a good tenant

A tenant who leaves your property in a state of disrepair could leave you liable for expensive maintenance and damage bills, which will quickly eat into your cash flow and leave a big crack in your nest egg.

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Sponsored post: Defence Housing Australia 

When it comes to renting out your property, a good tenant will prove to be extremely important for your investment. You’ll want a tenant that will take care of your property as if it is their own, and that will pay the rent on time, providing you with an ongoing income stream.

dha importanceofhavingagoodtenant goodtenant tenancy

Interested in leasing your property to DHA? Get in touch via email.

A tenant who leaves your property in a state of disrepair could leave you liable for expensive maintenance and damage bills, which will quickly eat into your cash flow and leave a big crack in your nest egg.

First thing first… you’ll want a tenant who will last. The longer someone stays in your property, the less time and money you’ll spend trying to replace them. With that in mind, you should:

  • undertake background checks and screening with at least three references including an employer, a property manager and a personal referee
  • treat good tenants well dealing promptly with problems that arise, and
  • only implement a rent increase when the market justifies explaining why the rent has been increased, and giving plenty of notice.

If you don’t have the time to find and manage the tenants or the ongoing repairs and maintenance on your property, then leasing your rental property to Defence Housing Australia could be a good option.

DHA Rent Direct – guaranteed income and reliable tenants
DHA’s Rent Direct program offers landlords peace of mind and DHA may well be that good tenant that every landlord is looking for.

While more commonly known for its property investment program, where investors can buy a DHA property and lease it back to DHA, DHA also leases properties directly from landlords through its DHA Rent Direct program.

Under this agreement, DHA is the tenant and the leased property is used to accommodate Australian Defence Force personnel and their families. Because DHA is backed by the Australian Government, you can expect that your property is in good hands. Rent is guaranteed for the term of the lease (up to 6 years), and is accrued daily, paid monthly in advance, and is even paid if the property isn’t occupied1.

As a landlord, you will know your property is being cared for without the hassle of doing it yourself. With DHA Rent Direct, DHA is responsible for organising and covering day-to-day maintenance work. As a result, your responsibilities are significantly reduced when compared to conventional residential property investments with fewer phone calls concerning maintenance and repairs.

When the lease agreement comes to an end, DHA also ensures that your property is returned in good order, is professionally cleaned, and the grounds and landscaping are in a neat and tidy condition2. This means you can easily move in, rent it out again, or sell the property if you wish.

In essence, DHA can ensure that your rental property receives the rental income it deserves minus the headache of securing long-term good tenants.

Interested? Get in touch today.

The advice contained in this article is for general information only and should not be taken as financial advice. Leasing is subject to DHA’s lease terms and conditions (DHA Lease Agreement Edition 6). Properties must comply with minimum housing standards; these may differ between locations. 1Rent may be subject to abatement in limited circumstances. Lease term is subject to variation as specified in the lease. 2Restoration service subject to the duration of the lease term and the obligations of a Body Corporate.

Sponsored post: Defence Housing Australia 

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