Private Landlord - How Can You Avoid Your Renter Doing A Moonlight Flit Leaving You With A Pile Of D

Occurrences of renters abandoning rented properties are on the increase and this is pretty much a global problem for landlords

. The state of the economies in lots of international locations means that many renters are discovering themselves in financial problems and the first problem is paying the rent.

Sometimes tenants must choose between paying the rent or putting food on the table for their households, no prizes for guessing who loses out.

Non payment of the rent or paying the rent late is one factor but there are also renters who not only don't pay the rent but who abandon rentals and sometimes leave a pile of damages behind them.

For you as a private landlord it leaves you with a thumping headache, stress and financial loss, even if you can find the renter your possibilities of getting any money out of them are about as probable as somebody walking up to you in the street and writing you a cheque for a million bucks.

So how are you going to prevent this from happening to you?

There are a number of ways of managing bad renters, you should begin a relationship with your renters, deal with them respectfully and always in a business like manner. Renting out property is a business not a hobby.

You must be certain your renters know you're operating a business and while you could have every sympathy if they find themselves in serious financial problems, if they don't pay the rent on time, every time there will be consequences. Let them know that your financial institution or financial lender will not offer you any leeway if because they don't pay the rent you're unable to pay the loan.

Dealing with bad tenants is one factor however the true key to avoiding property abandonment is find the right tenants up front.

You should carry out a comprehensive screening which means:-

* Verify the potential tenants are who they say they are

* Confirm their employment by speaking to their employer

* Confirm their previous rental history by speaking to their last landlord. Go back to a number of private landlords if they've been short term renters, in fact if they have a history of short term rentals this would possibly raise a red flag too.

* Get a tenant criminal background check carried out

* Get a credit check done .

* Examine their references however be cautious, references are easy to fake

Remember you can charge an application fee which can offset your costs of getting screening reports.

Do not use phone numbers for referees, employers etc. supplied by the potential tenant, search for the numbers in the phone book, that way you could be sure who you're speaking to, and know it's not a buddy or family member of the tenant pretending to be their employer, prior landlord or financial institution manager.

Profitable landlords use a well proven method for locating the most suitable renters, I am positive you do not want to be the next landlord referenced within the local paper that has the headline

"Renters Leave Owners With A Trail Of Damage"

by: Steve Barker

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