Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

  • 4 Common Mistakes First-Time Home Buyers Need To Avoid

    Buying your first home can be exhilarating, but when you're inexperienced in making real estate transactions, you may be prone to making some mistakes. Being a new buyer can be confusing and stressful at times, but if you are prepared, things are more likely to go smoothly. If you plan on buying your first home this year, avoid the following common mistakes: Not Getting Pre-Approved for a Mortgage  Most first-time home buyers do not have the funds to pay for a home in full with cash, so a mortgage loan is needed.

  • Three Key Points To Selling Your Home Quickly

    If you are looking to put your home on the market, you don't need to feel like you have to do a major home makeover in order to get your money's worth. In fact, if you put thousands of dollars into updating your home, you are not likely to get your money back. Instead, you need to focus your energy on what is necessary to attract buyers before you tell an agent to sell my house.

  • Transform Your Laundry Room To Make Your House For Sale More Appealing

    It's a common approach to upgrade your bathrooms and kitchen before you list your house for sale, but it's always a good idea to take stock of which other rooms could use a facelift, too. In many houses, a room that can get lost in the shuffle is the laundry room. Although prospective buyers are probably unlikely to be solely influenced in their decision by the look of the laundry room, making it look more appealing can be a useful selling technique.

  • Building Your Own New Home? 4 Upgrades That Will Increase Its Resale Value

    When it comes to designing your own home, you've got to consider the potential resale value – even if you plan on living in your home for many years. Failing to plan for a future sale, could put you at a disadvantage should you ever put your home on the market. Now that you're designing your home, make sure it has the highest resale potential. Here are four simple steps you can take to improve your homes resale value.

  • Tips For Preparing Your Home To Be Listed For Sale

    You do not want to wait until after you have signed papers to have your home listed for sale. This is because you will want to give yourself the best shot at quickly selling your home and for the most money possible right from the start. Hire A Landscaper To Improve The Look Of Your Property This is not to say that you're going to have to continue to work with a landscaper every week.

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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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