Tips and advice on vetting a tenant

Thorough screening:

• Do not be afraid to set demanding requirements for prospective applicants.

• Use rational criteria and do not give in to pressure from the first applicant.

• Check that the tenant has no outstanding debts in debtor registers.

• Ask for contact details for their previous landlord.

• Ask to see their employment contract or request a reference from their employer.

• Ask about their reasons for moving.

• Ask questions about the tenant’s lifestyle and habits.

Selecting a reliable and financially sound tenant is directly linked to the profitability of an investment property. If a non-paying tenant occupies your flat for months or even years, you not only lose out on your property’s appreciation, but in many cases you also end up subsidising it while perhaps taking legal action against the problematic tenant. In the meantime, you must pay utility advances, contributions to the repair fund and mortgage repayments.

Professional property management:

• Our property management service provides guaranteed rent.

• Professional managers handle all matters relating to letting and managing the flat.

• The risk of non-paying and problematic tenants is minimised.

Would you like the certainty of receiving rent even when tenants do not pay or move out? Use our property management with guaranteed rent, which you will receive regardless of whether the property is occupied. We offer professional flat management as one of the few companies on the Czech market. We effectively combine real estate services, consultancy, legal services and technical support. We check every tenant against a debtor register, minimising the risk of non-paying or otherwise problematic tenants.