NSW Tenant Checks/Blacklist

Discussion in 'Property Management' started by Ron, 19th Jul, 2020.

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  1. Ron

    Ron Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    58
    Location:
    Sydney
    Hiya Legends

    Whats the smart and cost effective way to check out a prospective tenant(s) blacklist history/ red flags in Sydney:

    -TICA requires you to be an agent I believe? Expensive and costs quickly add up the more tenants you check
    -NTD do they allow non agents to use the database
    -Get a REA to do it for you / unsure of cost again
    -Any other options?

    Many thanks!
     
    Ron, 19th Jul, 2020
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Location:
    Sydney or NSW or Australia
    Should cost you a week's rent as commission + lease preparation cost.
     
    Scott No Mates, 19th Jul, 2020
    #2
  3. Bazza

    Bazza Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
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    Location:
    Gold Coast
    I have been a member of TICA for years - no realestate license required. $50 pa if I recall and you get 4 searches pa for that. Good value.
     
    Bazza, 20th Jul, 2020
    #3
  4. [d4rk-fr3d]

    [d4rk-fr3d] Well-Known Member

    Joined:
    9th Jul, 2019
    Posts:
    172
    Location:
    NSW
    Why not asking the tenant:
    1. Payroll details / company referal.
    2. Last year ATO Tax Refund notice (NOA).
    3. Bank Details with the latest income statement.
     
    [d4rk-fr3d], 27th Jul, 2020
    #4
  5. MB18

    MB18 Well-Known Member

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    Location:
    NT
    Because they wont show whether a potential tenant has a problematic rental history.
     
    MB18, 27th Jul, 2020
    #5
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  6. quintets

    quintets Active Member

    Joined:
    23rd Jul, 2015
    Posts:
    39
    Location:
    Sydney
    There's other ways to check rental history. I had one applicant provided everything above, but claimed they were living at an address with "friends/family" for four years. Hmmm...My PM looked up the address and noticed it had been sold in the middle of that four years. She called the selling agent who confirmed the property was vacant at settlement.

    So they gave a dodgy address.

    Also the income statement also listed "carers income", but the wife only had a 3 and 4 year old kids. Not sure who they were caring for, so that was a red flag as well.
     
    quintets, 28th Jul, 2020
    #6
  7. Dogby

    Dogby Well-Known Member

    Joined:
    10th Jul, 2020
    Posts:
    60
    Location:
    Sydney
    They could be caring for their parent(s) . A parent can also be a registered carer for a young child. You shouldn't necessarily distrust that statement
     
    Dogby, 29th Jul, 2020
    #7
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