Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

  • When Buying a Home, Have Your Agent Provide You with This Neighborhood Data

    Partnering with a real estate agent when you plan to buy a home is ideal for a number of reasons. One of the benefits of this partnership is that your agent can provide you with data that can be difficult to get on your own. While you can count on learning all the relevant details about the home you're considering, you should specifically ask your agent to dig up some information about the community in which the home is located.

  • Own Rental Properties? Four Thanksgiving Reminders You Need to Give Your Residents

    If you own rental property, it's already that time of year when you need to put away the lawn mower and drag out the leaf blower. It's also time to let your residents know what they need to keep in mind if they're planning on entertaining guests for Thanksgiving. Newer residents in particular may not be aware of exactly what is and isn't acceptable during the holidays. To keep everyone living in your properties on the same page, it's helpful to send out some of the following reminders and safety tips.

  • Want To Maximize Long-Term Value When Buying A Home? 3 Tips To Follow

    While there are housing market trends that people can follow, it is not possible to precisely predict the market, especially when you look one, two, or even three decades down the line. When you buy a home, you may be interested in one that has a great chance of providing you with superb value over time. Inflation on its own will help to increase the value, but there are other factors that can play an important role.

  • Retiring and Don't Want to Be Home Alone? Choose a Continuing-Care Retirement Community

    If you are retiring and already live alone, you will have much more alone time than you used to. If you want to be around a lot of people your own age and still be able to enjoy many things, a continuing-care retirement community (CCRC) may be a good choice for you. Below is some more information about this to help you decide whether you would be happy in a retirement community like this.

  • Tips For Choosing A Retail Space For A Toy Store

    Shopping for real estate that will be the perfect retail space for a toy store can get overwhelming at times. After all, many factors must be considered before making that final decision. You want to appeal to kids and adults alike with your toy store, and that also means it needs to have a convenient location where parents will want to bring their children. The following tips can help ensure that you are selecting the ideal space that brings your target consumers of parents and kids right to your front door.

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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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