Basics of Property Management: Screening Potential Tenants
-
New Homes For Sale: Are You Ready To Buy?
When it's time for you to buy a new home, you might not realize you're ready. Or, you might think you're ready only to get snagged when making the first offer on a home you like. Get a realtor who is skilled in helping new home buyers find the starter home they need. Likewise, consider using this guide to determine if you're ready to buy a new home or if you should wait until your situation or the market changes.
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.