Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

  • 3 Things That A Commercial Property Manager Can Do For You

    There are so many great benefits that come along with hiring a commercial property manager. This article will discuss 3 things that a commercial property manager can do for you.  They Have Resources To Easily Screen Potential Tenants One of the most important parts of choosing tenants for a property is to have them screened. It is important to make sure that they don't have any red flags in their background that would make them a poor or even dangerous choice for tenants.

  • 3 Things The Novice Residential Development Investor Should Remember

    Real estate investing is an excellent way to build wealth. However, there is a right and wrong way to go about the process if you want to be successful. As a novice investor; here are just some of the things you want to keep in the forefront of your mind. Create A Plan Think of real estate investing in the same vein that you would opening a business. You wouldn't open a business without a plan, so don't head into an investment without a plan either.

  • Tips to Consider Before You Make a Final Decision About Buying a House

    Buying a new house can be an exciting experience, but it can also be a time of high stress. You may worry about whether or not you make all the right choices. Many people that do not take their time to consider some aspects of home buying end up regretting many of the choices they made during their purchase. Follow these tips for ensuring the home you buy is one you will not regret buying after you move and get settled in.

  • 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.

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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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