Do you own a house that you want to rent out? Finding the right tenant who is going to going to pay the rent on time and keeping your property in good condition doesn’t come easy to anyone. Here are a few tips that will help you to find the best tenants when leasing your Property.
- Run a credit check
In finding a tenant, you will encounter people of various different backgrounds. It is important that you carry out intensive background checks on them in order for you to confirm their ability to pay the rent on time. Do not hesitate to ask the prospective tenant for his or her past months bank statements. You can also find out about where the tenant works to get a general idea of their income and whether they can afford to pay the rent. A recommended way of assessing your to-be tenant is by obtaining references from their previous landlords.
- Perform a criminal background check
You should run a background check to ensure that the potential tenant is not a criminal who can steal your property or even worse put your life on the line. Your security must be top priority when dealing with tenants. Criminal records can be made available to you whenever you request. One should take caution as a landlord to confirm the tenant’s identity as those with a previous criminal record can try to falsify their identity. Doing this will help you crop out those tenants that would make your life a nightmare.
- Meet the potential tenants in person
This point cannot be emphasized enough. When you meet up with a prospective tenant, you get to know them in person and judge their character and personality. Get to check how they behave and whether they seem organized and neat. You don’t want someone who will end up destroying your property and keep on disturbing the neighbours. Meet the tenant and make a reasonable decision on whether they are a person you want to trust with your property.
- Check Consistency
Take a look at the prospective tenant’s prior addresses. If they seem to move often, then they will probably move out of your house soon as well. You don’t want a tenant that will have you back at the process of searching for another tenant after a few months. Look for a tenant that has a history of settling at a place for a long time. This consistency shows that they can be trusted and that they have had great relationships with the past landlords.
If you follow these four tips, you will be guaranteed to find the best tenants when leasing your Property.