Owning a rental property can be a lot of responsibility that requires its fair share of work from filling vacancies to making repairs. This is where a property management company like Gavish Property Management comes in! But all of that work is for nothing if you can’t fill your properties with the ideal tenants. The best tenants are those who are responsible and dependable. But how do you go about screening potential tenants to find the perfect ones? Follow this guide to screen potential tenants for your next property.
Before you even start interviewing potential new tenants, it’s important to have an idea of who your ideal tenant would be. To do this, simply create a persona who fits the criteria that you are looking for. This will help make your screening process faster and easier.
For example, if your property is a 1 bedroom apartment down the street from the local university, your ideal persona might be a college student who has parents cosigning and guaranteeing their rent.
On the other hand, let’s say your property is a single-family home in the suburbs, your ideal tenants might be a young married couple looking for a quiet home to start a family of their own. These are things to consider to make sure that you do not have run-ins with your HOA and neighbors.
Making sure that your tenants are financially responsible is important. The most standard way of checking this is to run a credit check on potential renters. This will let you know if they have a good history of meeting their financial obligations in a timely manner.
In addition to their credit history, you may also want to look into any previous renting history that they may have. The last thing you want to do is gamble with a tenant who has been evicted multiple times for a variety of reasons such as missing rent payments or damaging property.
Finally, always meet with tenants in person before signing any contracts. This will give you an idea as to what kind of people they are, how many people will be moving in, if they have any pets, and so on.
Do you have any pets? How old are your pets? Are they house trained?
Do you plan on getting a roommate in the future?
What is your typical workday like? Do you work night shifts or odd hours?
Do you smoke? Do you smoke indoors or outside?
Do you have any friends or relatives who frequently spend the night in your home?