Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

  • Tips For Assessing A Neighborhood When Home Shopping

    When shopping for a home, there is more than the actual house to consider. While you do want to make sure the layout and features of the home meets your desires, you also need to look beyond the home and consider the neighborhood. The following tips can help you know what to look for. Tip #1: Take a walk Basic infrastructure in the neighborhood can help you determine if the area is holding steady or on its way up, as opposed to falling apart.

  • Buying Your First Home? Don't Make These 3 Mistakes That Can Cost You Money

    Buying a home will certainly be the biggest purchase you'll ever make in your life, and that first home will introduce a variety of things you'll be thinking about for the very first time. It can cause a first time homebuyer to make mistakes along the way, and end up regretting them after they move into the home and realize what they did. Don't make any of these mistakes the first time you make that big purchase and can end up costing you money.

  • The Advantages of Hiring a Property Manager for Your Rental Properties

    Whether you are a landlord to only one property or have several of them, you may want to take into account all of the advantages that would come from hiring a property manager. When you understand what the property manager would do for you on your behalf, you will understand why you will want to hire one. Handles the Collection of Late Payments It is easy to deal with the rent payments that come in on time.

  • Financial Considerations For Buying A Home As An Entrepreneur

    When you're an entrepreneur, you already know the importance of hard work and budgeting. If you're planning to buy your first home in the future, a number of financial considerations will make the process easier for you. It's important to keep these concepts in mind well before you begin looking for a home to buy, as they aren't things that you can accomplish overnight. Here are some things to think about before you buy a home as an entrepreneur.

  • Take These Photos To Illustrate Your Plot Of Land For Sale

    An online real estate listing for a residence relies upon a selection of carefully taken photos to make the home come to life for prospective buyers. When you're selling a plot of land, it's easy to dismiss the value of photos by simply saying that "land is land." However, you're doing your listing a disservice if you omit photos or simply take a general photo that shows your lot. Before your listing goes live online, take the time to capture these photos — or hire a professional photographer to do so for you — that can help reveal the important details about your land.

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    About Me
    Basics of Property Management: Screening Potential Tenants

    For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.

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