Basics of Property Management: Screening Potential Tenants
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3 Tips To Get A Luxurious Master Bedroom When Buying A Typical Home
On your journey to become a homeowner, you may plan to buy a typical home that you see often and in many neighborhoods. While you may be more than happy to get all the features that you find in most homes, you should not hesitate to demand an extra feature or two. If you love the idea of a luxurious master bedroom that you love waking up in and cannot wait to get back to in the evening, you should make this a priority while you are house shopping.
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.