Articles

4 Key Steps to Screen Tenant Capably for Your Rental Property

by Timothy Patrick Property Manager
When you have a rental property to manage, which task is most daunting? It is not managing complaints and troubleshooting issues, but screening the tenants. The better screening you put in place, more reliable tenants you will find with less vacancy and improved communication and smooth rent collection.

You don’t know someone a few weeks before and now you are letting them in your property and that is where you have to be strategic and sensible. Implementing right tenant screening process is of utmost important and can be efficient managed having reliable rental managers in Wellington or wherever you live, by your side as they are experienced in this and know how to go through background checks, what questions to ask and more. Here we provide you some key steps to adopt for effective screening of tenants:

1. Know What to Check For
You can only screen them effectively when you know what you have to check. The basic aspects that you must be looking at are previous residence, work history, income status, credit and any criminal background. Make sure to have them fill out all the details in the application which will give you an overview.

2. Check Their Credit Report
Checking their credit report is necessary to determine their financial ability to pay the rent and on time. This also ensures whether they are good with money management or not and no issue comes up along in future.

3. Contact Their Previous Landlord and Employer
Contact their previous landlord to know about their behaviour, rental timing and other things that you deem important. Ask whether they have any outstanding debt? Did they pay on time? Did they cause any damage to the property? Will they rent out their property to the related person in future? Asking these questions will help you clear many doubts.

Contact their employer to find if they are employed there and at what position. Verify their income status. Remember that not all employers provide payment details of their employees to others, so you may also ask the potential tenant to provide pay slips.

4. Check for Criminal Background Evidence
Check with the state and city legal authorities about any criminal record associated with the said person. If there is any such evidence is found, make sure to go through into the details of that.

After going through these steps, interview the person fully asking all the questions that relates to your property and their tenancy. As a landlord with little or no experience in such things, you may find it hard to process a thorough background check. So it is always a better idea to work with professional property managers in Wellington, or any other city, to have most suitable tenants living in your property which will ease the time and practice afterwards.


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About Timothy Patrick Junior   Property Manager

1 connections, 0 recommendations, 13 honor points.
Joined APSense since, December 21st, 2018, From Wellington, New Zealand.

Created on Dec 24th 2018 01:44. Viewed 194 times.

Comments

Nathan B. Advanced   Marketing manager
Describe your ideal tenant. If you want to find the perfect tenant but don't know what he or she looks like, you can easily miss your chance. ...
Keep an open mind. ...
Advertise effectively. ...
Beautify your property. ...
Screen your tenants. ...
Be communicative. ...
Keep up with repairs and maintenance
Dec 25th 2018 04:07   
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