subject: Finding Tenants: Tips on How to Choose the Right Ones [print this page] One of the hardest things to do in keeping your business long-standing is to maintain healthy relationship with your tenants. Whether you like it or not, there really are times when you have to deal with renters who are not good enough to keep your property out of harms way. They constantly mess around and break your simple rules over and over again. You cant avoid these troubles and you know you do not deserve the headache that these people are causing you. Good thing is you can definitely do something about this dilemma of yours. To diminish these unpleasant instances, why not go through the following tips in order for you to choose the next tenants who can surely show consideration for you and your belongings. 1. Check out their Application. Let your renter fill out a complete application form that inquires their name, their income, past rental incomes, their credit details, references, their drivers license number, and the name of their employer as well. If they refuse to fill the said form, then might as well not waste your time in entertaining them. 2. Get a document on Authorization to Release Information. This allows you to verify the credit information that your applicant had provided; hence, ensuring you on his or her credibility. 3. Authenticate References. Get in touch with your applicants previous employer and landlord to make yourself aware on his or her income at the same time, hi or her history. 4. Look for a Credit Rating Agency. The team will make the applicants credit report. However, make sure that if you ask your renter to pay for the said credit report, you dont take advantage by taking more than the fee charge of the agency. 5. Think about your Tenants Payment Ability. If youre a good landlord, youd consider this. Try to discover if your potential renter can pay the lease on time by making some expenses deduction from his/her income. It does not follow that if your tenant receives higher income, he/she would be paying regularly. In fact, those with lower income are the ones who are likely to pay the rent on time. 6. Request for a Security Deposit. You may ask your potential tenant to pay for at least a one month advance fee so that youd be able to detect if he/she can pay the rent monthly. If the possible renter cant pay the said deposit, might as well, think twice. 7. Take some Pictures. What you are going to capture are the images of your properties that the potential tenant will utilize. This will ensure you that whatever happens, you have a snap of your belonging and a brief yet detailed report regarding the condition of your property which you will be holding up in court should the renter damage it. Contemplate these safety measures so that you would be able to ensure not only your properties but most especially the relationship you have with your renter. Well, you dont need to make you and your business suffer!
Finding Tenants: Tips on How to Choose the Right Ones
