If you are a property manager or landlord, it is imperative to learn how to find good tenants. Of course, the first, and most important, thing to do is place your listing in as many places as possible. An easy way to do this would be to use our multi-listing service. Second, would be to conduct a tenant screening through LandLordStation.com.
Just fill out the tenant screening form provided by LandLordStation.com and we will do the work for you. Our comprehensive screening program gives you the following information: credit report and credit score, criminal records, bankruptcies, foreclosures, medical collections, employment history, known aliases, past address history and eviction records. All of this is summarized in an easy-to-read report. Our screening reports give you the most up-to-date information, making it easier to choose your final candidates.
When considering how to find good tenants for a rental property, there are other steps you can take, in addition to obtaining a screening report that will help you in your process. We suggest that you first decide what you want from a tenant. Do you want to allow pets? How many pets will you allow and what size? Will you charge a pet deposit? What is the maximum number of tenants that can occupy the space? Do you allow smokers? Will you allow the tenant to make changes to the property? If so, will you require that the tenant get written permission from you to make those changes? Take some time to make a list of requirements that you want to impose on your tenants, then write them down and use them as a guide for your tenant interviews.
Look for red flags during your interview and showing. If the potential tenant has a problem with paying the first month’s rent and the security deposits up front, that could be a red flag. If the tenant has trouble paying the amounts, it is likely the tenant could have problems paying the monthly rent.
Another good question to ask your tenants is, “When do you want to move into the property?” If a tenant has to move in right away, that should raise a red flag. However, do keep in mind that there may be special circumstances (including ones where the tenant is not at fault) as to why a quick move is necessary. Most properties require a 30 day notice, and finding out whether proper notice was given to the tenant’s previous landlord can be very helpful. If the tenant will skip out on one landlord, there is the chance that the tenant will do the same with you. Request a contact number for the tenant’s current landlord and call to verify the information given to you, and find out if the tenant gave the proper notice to vacate. Also, see if the landlord will volunteer more information.
One practice that many seasoned landlords use is to walk the potential tenant back to his or her car after you have shown the property. As a general rule of thumb, people usually keep their homes as clean and neat as they do their cars. A dirty car full of trash might be an indication of how your property will be treated. Of course, you cannot legally turn someone away because they have a dirty car, but it is just more information for you to have on a potential tenant.
To avoid trouble with fair housing laws, be sure to be consistent and fair in your screening and interviewing process to get good tenants. For instance, make it your policy to ask the same questions of each applicant and apply the same criteria to each application. The federal government actually hires people to apply for rental property to be sure that landlords are adhering to these laws. A minority woman with several children may come in to look at the property, followed immediately by a professionally dressed couple. This is often the scenario used by the federal government. Be sure to treat all prospective tenants equally by asking them the same questions and giving them the same information.
With the free access to our blog, you can join in on the conversation with our community of independent landlords and property managers. Share ideas and experiences in how to find good tenants. The most popular conversations include how to screen potential tenants and property management techniques. You can ask questions and share information with other property managers and landlords. LandLordStation.com also offers expert customer service and support for your specific needs. You can always reach our knowledgeable and friendly staff by email or live chat.
Get more tips on how to find quality tenants from the knowledgeable landlords and property managers who participate in these community conversations. Just click on the Community button on the LandLordStation.com website. We offer the best and easiest information on how to find good tenants as well as resources on how to keep them so that you have the best experience possible.
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