Tips For Placing a Proper Tenant

Tips For Placing a Proper Tenant - Image

Tips For Placing a Proper Tenant

Tenant screening is an absolute must. You need a qualified tenant for your property to ensure that your property will be treated with the respect that it deserves. This will also ensure you get paid on time and proper tenants will also help keep maintenance costs down.

Here are 5 pro tips for effective tenant screening.

Tip #1
Always verify income. Check paystubs and call their employer. You need to make sure they can make at least 2.5 to 3 times the amount needed for rent to ensure they can pay on time, every time.

Tip #2
Check their credit score.  A better credit score doesn’t always mean a better renter. When someone has a higher credit score, they have options and may break a lease once they’re able to buy a home. Someone with a decent credit score makes a great tenant because their options are limited and have potential to remain in your property for years to come.
Make sure the tenant doesn’t owe any past utilities. If they owe money to others, they may end up owing you money in the future.

Tip #3
Perform a criminal background check in a nation-wide data search. You want to avoid housing a criminal or sexual offender. Familiarize yourself with fair housing laws to make sure you’re not discriminating against someone over something you don’t like vs an actual problem that can cause harm.

Tip #4
Check for evictions. Performing a nation-wide eviction history check is important because if your tenant has an eviction in their past, they may be a problem waiting to happen.

Tip #5
Check their address history. You want a stable tenant that hasn’t moved every 6 months so you can have a reliable cashflow experience.

If you follow these 5 steps in tenant screening, you will eliminate many of your potential problems that can arise in from rental management.

You can watch the video that goes along with this blog here.

To read more tips, click here.

Do you need effective property management in Brevard County Florida? Book a free 5 minute consultation with an IGC representative today by calling us at 321.345.9630.

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