HOW TO FIND RELIABLE TENANTS

HOW TO FIND RELIABLE TENANTS Image

 

First, even if you are anxious to rent and the prospective tenant seems great, you should require an application for every tenant over 18 years of age.

Then verify that the combined tenant income equals at least three times the rent rate. A credit check is essential, and while poor credit is increasingly common, you can verify employment and income, request written explanations of late payments, and avoid applicants with evictions and judgments.

Verify at least the past two years of rental history with previous landlords. Ask if rent was timely and whether there was any major damage to the last house or apartment.

Finally do a criminal background check to screen out those with a history of drugs or theft, especially violent or sexual offenders, which can bring additional liability and concerns.

Minimize the risk of non-paying or destructive tenants by conducting a thorough reference check of employers or colleagues, not just friends and family.

Make sure you understand and stay in compliance with all housing, discrimination, and fair credit reporting laws throughout the screening process.

At RRC Homes, we are experts in placing the most qualified tenant possible. Our property management process includes credit, employment, rental history, criminal, and even terrorist background checks. Plus we do all this in strict compliance with applicable laws and ordinances that way our clients, their cash flow, and their property stay protected. Put our experienced team’s proven process to work for you.

Source: https://specializedpropertymanagementhouston.com/how-to-find-reliable-tenants/

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