As a landlord, you want to find the best tenants for your rental property. To do so, you must complete tenant screening and background checks, trying to get to know the person you are considering. If you are new to the real estate rental industry, you may have no idea where to start when reviewing potential tenants. What qualities should you look for? Below are a few examples of the top qualities to look for in a new tenant to ensure that you are renting to someone who will pay rent on time and treat your property well.
Tenant Screening: No Big Deal!
When searching for a new tenant, the screening process is important. From a basic credit check to detailed background check, you want to see a potential tenant who is willing to go the extra mile. If you find that an individual is not willing to take part in the screening process, then they are not the person for you.
During the tenant interview, ask the individual about how they feel about your visiting. A landlord should be able to visit the property from time to time, just to check in or handle issues like fallen trees or a power outage. Discuss with the potential tenant about visiting and see how they react. If they don’t approve, its best to continue your search elsewhere.
A good tenant will always bring with them quality references. You want to be provided with a great reference list that you can call to check out a potential tenant. Past landlords and co-workers are great resources to allow you to see the attitude and personality of a potential tenant.
Understanding and Agreeing to the Lease Agreement
The lease agreement is an important piece of paper. It shows what the tenant is and isn’t allowed to do. You would be surprised to find that many potential tenants do not read a lease agreement fully and understand it. Be sure to ask questions of tenants to make sure they have read and understand the agreement, agreeing to not paint walls or adhere to any other rules that you may have.
By taking these qualities into consideration, you will have better luck finding good quality tenants to rent your property for years to come!