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What Due Diligence Looks Like When You Inherit A Tenancy
Description
We dig into why we refuse to list rentals we have not physically checked, and how that one rule prevents pricing mistakes, nasty surprises, and messy disputes. We also share practical due diligence steps for vacant handovers and transfer-of-management takeovers, including what we ask before we say yes.
• refusing unseen rental listings to protect everyone involved
• using floor plans and inclusions to assess new builds early
• spotting features that shift rent like air conditioning and ceiling fans
• explaining vacancy cost maths to price-sensitive owners
• handling unrealistic rent expectations without burning bridges
• managing open homes and no-shows by updating the entry condition report onsite
• asking why a property is transferring and checking arrears risk
• using listing history and drive-bys to flag repeat churn
• inspecting within the first month to uncover deferred maintenance
• navigating New South Wales rules after no-grounds termination ends
Pat Mears - Rubix Realty
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