DO YOU KNOW HOW TO FIND A GOOD TENANT FOR YOUR PROPERTY?

Summary:
Not finding good tenants can cost you much more in terms of maintenance cost. So take the preliminary precaution now and find the right tenant for your home.

Follow the steps below to aid you.

You start finding a tenant by letting people know of your intention. This can be done through advertisement in relevant newspaper and other medium. You can also print fliers that can be distributed. You can also explore free advertisement bureau both in newspaper and on net. You can also inform relatives and friends.

Based on the responses got from such advertisement, interested prospective tenants are bound to response. Ask each to complete application form with their personal datum like credit histories, personal references, employment histories, rental histories and banking information.

Be diligent to check all relevant personal data against fraud or lies.
Cross check if necessary with credit agency the credit score of the tenant of your choice. Of course this has to be done with the approval of the prospective tenant. You can similarly check his histories from the bank or through his bank statement.

Sometimes we make the mistake of thinking we get a fast response selling something because our prices is 5% lesser than the overall market value. This might be so because we get faster responses that react to cheaper rate rather keen interest. It might eventually not worth your while. But the reverse is the case if you increase your rent 5% higher than the market value.

If you have to choose a tenant having pets, you should stipulate the rule which he must abide with. Let all pet be licensed. Let them be neutered or sprayed [not compulsory] [if a dog] have an affidavit from a reputable trainer that the dog is trained to recognize simple commands, friendly, and it is well treated. You can also have a letter from the vet, let it be sprayed or neutered and have all their vaccinations with the license. You can charge non refundable fee against any form of damages of the lawn, wear and tear of the floor and other such damages.

Do not be negligence to do thorough check on all referees given by the tenant. You can ask for anything regarding the conduct of the tenant to other personal details you might want to know. You can require a feedback if you need one.

Do a thorough interview for your prospective tenant on his intention to stay in your house. The duration of time the person intents staying, his rental histories and banking information should be questioned. Find out if their intention to stay is transient or not.

You can also choose to use a screen agency if you are not inclined to details. To get their services you can search on the net. By paying a subscription you can have a thorough screening of your prospective tenants. This screening would be done in lieu of your direct specification.

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