A lot of property owners want to find tenants but are scared to take that initial step. Over the years we’ve all heard horror stories about bad tenants and what could happen. On the other side, having only the best tenants on your property is one of the most fantastic things that could happen to a property owner. The best types of tenants are often times people with a solid income, flawless credit profiles, and they come with exceptional references from previous long-term addresses. Good tenants are those tenants that move out of your property and will leave the home in a cleaner and better state than they found it. Although they are uncommon in this present world, there are good tenants that are interested in rentals, no matter what the price range may be. These are a few of the characteristics we will go over.
Below are some tips to help you find the right and perfect tenant for your property;
CREDIT CARD CHECKS
When you are out to find tenants, make sure that you take a good look into their credit card history. You should look for issues like liens against them, maxed out cards, bankruptcy, and anything that might point out that the person applying to rent your property is at a financial risk. With the credit card check, you'll be able to determine the applicants that will be unable to pay your rent. To make it easier for you, when you are set to find a tenant or when you are reviewing the applications of prospective tenants, ensure that their total income in a month is at least three times more than the amount of the rent.
Getting a good tenant means giving yourself the time to really search for the tenant. You not only need to interview your prospects, you also need to talk with them. It may be over coffee or tea. Listening to them telling you about themselves might give you a definition of their kind of lifestyle. If they say anything in their story that is quite unusual or makes no sense, that might indicate that they are telling you lies and they are not the kind of persons you want to have living on your property. As a matter of fact, there's a high chance that an applicant who doesn't want to disclose something about their past, might have something to hide.
Make a little research; get the contact details of their former landlord. Call them up and make researches about the lifestyle of your prospective tenant. Are they the messy type? Or the noisy type? What was the reason for their moving out? Did they pay their rent on time? These questions are some of the simple, basic questions you need to ask. These questions will allow you to know about the past living situations of your applicant.
"GUT FEELINGS" AND INSTINCTS
When you are out to find tenants, you should always trust your instincts. Your applicant might provide you with an exceedingly great application, but if your instinct is telling you no, or you feel there's something off about them, then listen to your inner self; something might truly be off about them. You are better off being safe than feeling sorry. Always have it in mind that you can always get other good applicants, and repairing your place after it has been severely trashed or damaged will cost you a whole lot. Therefore, trust your gut.