Few feel that the landlords are the bad lot and few others feel that the tenants are the bad lot but like every story there are always two sides of every coin. It may be that when you were tenants your landlord was not all that good or not up to your expectations. It may be that they didn’t fix the bathroom tap at the right time and was not attentive about fixing the problems in the house. It also may be a fact that they frequented into your apartments without notice.

There are another lot which are the miserable tenants who horrify the landlords and leave them in the lurch. There are bad tenants who keep the place untidy and damage the house and do not pay the monthly rents in time on different excuses. There are few others who sublet the premises to other tenants.

Eventually there is no magic spell to keep the bad tenants away and few of the bad tenants seem to be so pleasant and later turn out to be a menace once they enter the house. Few suggest some tips to understand who are the bad tenants and few say that to avoid the bad tenants is not to let such bad tenants enter the property at all. Few others say that 95 percent of the tenants are good tenants who pays the rent in time and do not incur any loss to the landlord by damaging the property. This means that only 5 percent of the tenants are bad which come out for renting but they do not wear a badge saying they are “bad tenants”. If you happen to be a landlord you can avoid renting to such bad tenants by following these tried and tested tips of the experienced people and the expert landlords.

Visit the existing premises of the tenant and observe how they stay there. If you see that their quarters are unclean and shabby and dirty with things thrown around then be rest assured that they will treat your property in the same manner.

2.Check the credentials of the tenant through other landlords or look for a guarantor.

You can visit the existing residence of the tenant and find out through reference checks from other landlords about the whereabouts of the tenant in question. In addition a guarantor can be asked as a guarantee for the tenants.

Read more: Check the builders credentials before investing

3.Try to be intuitive: 

Listen to your gut feelings and try to assess them from within with your intuition. Few of the horrifying tenants are very pleasant from outside but can turn out to be wicked and if your gut feeling says contrary to what is being given to understand then it’s better that you listen to the gut feelings.

 

4.Do not accept any extra payment: 

Some tenants may offer you extra amounts which may be pleasing to you but it may be a camouflaged way of doing something wrong in your premises. Picking the right tenant can save a long and tedious process of eviction in future. One should be thorough in doing the reference checks and even seeing the bank statements if possible to know the financial standing of the tenant. The identity proof can also be checked by checking the passport or the PAN card or any other details.

One major mistake most of the landlords often commit is to make friends with the tenants and that puts the landlord in various problems including refraining from being assertive. This may also become an impediment in asking to increase the rent too.

Read more : Home buyers aware on following mistakes

 

On the concluding note one must also be conversant with the tenancy laws of the state before renting the property. After all it’s your property and it’s your own investment and you need to equip yourself to protect it.

In earlier times there was very scanty information available about any builder or locality if one wanted information before buying. Nowadays, this is an easy task. The websites of the particular builder may have all positive adjectives exaggerating their accomplishments, but there are a plethora of review sites where customers can post their comments, experiences and reviews which gives the world a fair idea about the builder. Not only that many sites give you the instant EMI calculator, some sites offer a privilege of comparing the rent with the EMI. With all these facilities and information freely available, one’s dilemma about whether to go for an apartment or stay on rent can easily be cleared. If the rent is same or more than the EMI, one can opt for an own apartment. Thus information has seemed to regulate the market as well. Some sites give you the rent comparison and the real estate price comparisons also. Let us examine the utility of these information and date freely available to the common man.

Builder’s reviews:

There are many sites and blogs where reviews can be posted and comments can be asked for and questions can also be asked awaiting for an answer. In due time, one can get an answer from an expert that can help one in avoiding to pay consulting fees of a professional. These sites and forums allows one to freely exchange ideas and opinions which gives oneself a fair idea of the builder like Sovereign builders, Mantri developers, Prestige group, Dreamz GK Builders, locality, customer’s experiences and the like.

The pros and the cons:

No doubt these sites helps one in getting lot of information and this has certainly made the industry transactions more transparent for the general public or the institutions and the local bodies. But there are certain disadvantages of the internet as well. One needs to understand that this kind of publicity can be done by the builder or the developer himself. Another malpractice noted is that there are many instances of defaming the good work done by many.

For instance, recently a niche market has emerged for the affordable housing where many developers are building low cost apartments for the middle and the lower middle class segment. The market watchers and experts have noted that these attempts have undoubtedly been a hindrance to the other developers who were selling flats at a higher cost. They also had to initially decrease their prices in order to compete with the builders providing low cost apartments in the same area. There had been numerous attempts to defame such builders on the web by their competitors, add experts. As the comments and reviews can be anonymous and the identities can’t be traced, it is easy to post such defaming reviews attempting to defame a particular developer or a company. There can be fake writings on the web as well. Thus it is always advisable to cross check with reality after one gets primary information from the internet reviews.

EMI Calculators and comparisons: Many sites offer EMI calculators to calculate EMI and also a comparison of the rent and the EMI, which can be handy in taking a decision. For the first time buyers of apartment, it is always a boon as he/she can compare the rent and the EMI payable if they choose to buy an apartment instead of renting. This facility and information available can then be cross checked with reality and the decision can be made. Thus the accuracy of such services can render as a market regulating tool.

Recent and latest Trends:

Today the public portals of the real estate sector are not limited to only enlisting of property in a particular city or locality. Some sites have “Know Your City” section which provides all kinds of information and insight about the highly preferred locations of a city, a home in one’s budget, etc. on a quarterly basis. This gives one the advantage of understanding a city before relocating.

Rates and Trends of the Real estate prices:

The websites today provide information about the prevailing rates and can provide one with a quick sneak peak in to the current rental and capital prices in a city or a locality. Some sites also give you a choice of brokers and rental houses with guides on taxation and legal issues.

So gone are the days when the portals used to just enlist properties on sale. Today, these online portals help a lot in one’s purchase or investment or even relocation to another city.