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Investment tips: How to select a tenant shortlist

By Louise Morrin

Regardless of whether you're a newcomer to the market or an experienced landlord with an established portfolio, the importance of finding suitable tenants for your rentals is paramount. 

After purchasing investment property in Carlton, the first thing to figure out is what type of tenant you'll be targeting. Are you interested in families with children, young professionals with disposable incomes, or older retirees looking to enjoy their golden years? 

Understanding this allows you to cater your advertising towards certain groups, emphasising different features depending on your targeted tenants. Doing this will help eliminate unsuitable individuals from the beginning and streamline the entire process. 

Your property manager will be responsible for interviewing potential tenants and creating a shortlist of possible candidates. However, remember that after the inspections hosted by your property manager, you have the final say in who is selected to live in your property. Ask the property manager about the tenants who showed interest and seek their advice about the right decision to make. 

If you're interested in purchasing investment property in Carlton, be sure to get in touch with a local real estate agent today!

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