Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

  • How To Choose A Retirement Golf Community

    When you join a retirement community, you may be able to enjoy a breathtaking golf course everyday. While there are retirement golf communities that are considered elite and come with very high price tags, there are other golfing communities that are within the budget of most retirees. What to Expect from Premium Retirement Golf Communities Some golf courses are surrounded by forest and others come with a gorgeous ocean view. You may want to ask if you can take a tour of the golf course to determine if you think the holes are sufficiently challenging.

  • Essential Benefits Of Outsourcing Property Management Services

    Real estate is one of the most preferred investments among investors. It provides some guarantee of regular cash flow and increased market value over time. However, owning property poses several challenges, such as difficulty acquiring tenants and providing efficient services by keeping up with all tenant needs, however mundane. Consequently, real estate investors are often encouraged to hire companies offering property management services to avoid the associated hassles.  Marketing the Available Properties for Lease

  • What To Expect When Selling Your Home In A Seller's Market

    Has the time come to sell your home, and you're being told that the current real estate market benefits you as the seller? You may be wondering what this will mean for you when the home is finally put up for sale. Here are a few things that you can expect.  Prep Work Will Be Minimal While you need a home to present well to potential buyers, know that the preparation in a seller's market will be minimal.

  • Working With a Real Estate Company to Manage Your Apartments

    Managing more than a few apartments is often difficult unless you work at it full time. Working with a real estate or management company to oversee your apartment complexes can help you keep up with the day-to-day tasks of managing the property and can make the complex more profitable.  1. Tenant Screening Apartment complexes often have a higher turnover of tenants than a private house or duplex rental in the same area.

  • 3 Tips For Selling Your Commercial Property

    If your business is looking to relocate, you might be looking to sell your current office site. The commercial real estate market can be slow at times, so it's important to do everything possible to increase your chances of finding a buyer quickly. Here are a few tips to help you get started. Find a Commercial Real Estate Agent First things first, it's time to find a real estate agent and, in your case, you'll want to find someone who specializes in commercial transactions like yours.

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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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