3 Key pillars for stable property management in tough times

• Vet tenants thoroughly to prevent costly arrears, disputes, and evictions.
• Use comprehensive, compliant lease agreements to protect all parties.
• Act swiftly on arrears or breaches, delays increase losses and risks.

Staying steady in uncertain times

In a volatile economic and political climate, stability in property management isn’t just desirable, it’s essential. Rising interest rates, policy shifts, and inflation all ripple through the rental market, putting pressure on estate agents, landlords, and tenants alike.

Nick Brody, attorney at SBL Attorneys, has spent 15 years in rental law and evictions. Speaking to estate agents and landlords nationwide. He emphasises that the most resilient property portfolios are built on three essential pillars:

1. Thorough tenant vetting
2. Comprehensive, compliant lease agreements
3. Swift, decisive action on arrears or breaches

Get these right, and you’re far less likely to see the inside of an eviction courtroom.

Do’s and don’ts for stable Property Management

Do:

• Vet every tenant - credit checks, income verification, rental history, references, background checks, and (where possible) in-person interviews.
• Use professional lease agreements - industry-standard contracts that clearly set out terms, payment schedules, maintenance obligations, and breach procedures.
• Act quickly on arrears - send letters of demand and cancellation notices promptly to limit losses.
• Engage openly - regular communication with tenants often resolves issues before they escalate.
• Use the Rental Housing Tribunal - for most disputes (excluding evictions) at no legal cost.

Don’t:

• Skip due diligence - never place a tenant without proper vetting and references.
• Rely on verbal agreements - outdated leases or handshake deals are legal minefields.
• Delay enforcement - waiting months to act on arrears almost guarantees financial loss.
• Resort to self-help - actions like changing locks or removing doors are illegal and carry severe penalties.

Best advice for Agents and Landlords

‍Resilient property management requires discipline, process, and a proactive mindset. By embedding these three pillars into your operations, you protect your clients’ investments, safeguard your own reputation, and strengthen the wider rental industry.

Brody’s closing advice is simple:

“In turbulent times, you can’t control the economy, but you can control your processes. Strong vetting, strong contracts, and fast action are your best protection.”

‍

For more guidance on compliant lease agreements, tenant vetting tools, and dispute resolution, consult an experienced property attorney or visit the Rental Housing Tribunal in your region.

‍