Properties are expensive and build revenue to overall wealth. If you are considering renting out your property, it is important to make certain that the residents being trusting with your belongings and real estate are responsible. It can be hard to come by trustworthy and respectful people these days. Fortunately, there are steps you can take to ensure that you are renting your property to the most qualified tenant.
Here are a few tips on how to screen prospective tenants.
1. Make the prospective tenant fill out a rental application
A formal rental application will give you all the relevant information you need about a potential tenant including their name, contact information, and why they are planning to move. Also be sure to get proof of identity from all applicants. A rental application will make it easier to organize all of your prospective tenants, and help you in the decision process later.
2. Preform a background check
Checking up on your potential tenant’s past can help ensure that there are no preexisting problems lurking beneath the surface. If your potential tenant has a history of skipping rent or destroying property, you may be able to find this out through a background check.
3. Ask for references
The best way to learn about a potential tenant’s character is through references. Ask your applicants for references, especially their past landlords, and make sure to follow up on them. Not all applicants will give you real references.
4. Meet your prospective tenants in person
We live in a digital world where many people only interact online or over the phone. It is crucial to meet your prospective tenants in person before you make a decision about renting out your property. It is very simple to create a perfect picture online or over the phone— one that might not be the truth at all.