Which is worse: to have your rental suite empty for a month, or to quickly find a tenant that ends up being more trouble than they’re worth? To us, the latter. Unfortunately, not taking your time to effectively screen rental applicants can lead to a tenant that doesn’t pay, damages your property, or both.
As a home owner, protecting your investment is a high priority. Follow these easy tips to help find the best tenant to live in and take care of your prized possession:
- Create a rental application that asks all the important questions like how much they make, where they work, and their previous rental history.
- Ask for multiple references to call to verify the above information. Do not just take their word for it, as first impressions can be deceiving. Ask their previous landlords about their characters as well as their payment patterns. Were they ever late to pay rent?
- Ask for a letter of employment to verify their employment.
- Ask permission to run a credit check.
- Take some time to have a conversation with each potential tenant to find out what their personalities are like and what their lifestyle preferences are. You want a tenant that not only pays, but that is someone you will get along with.
- Be wary of tenants who seem too good to be true.
- Ask potential tenants to have a criminal record check done.