The average landlord has three properties that they own, which means finding more tenants to avoid vacancy. There are a lot of people who want to rent, but not all of them are great tenants.
What are the different types of tenants and how can screening tenants help you avoid the bad ones? Keep reading to find out.
Late Rent Payers
Out of all the types of tenants, late rent payers are the ones you'll want to avoid at all costs. Each month, these tenants will approach you with excuses on why they are unable to pay on time.
To deal with these tenants, enforce late fees, offer convenient ways to pay rent, and send reminders.
When screening tenants, you can pull credit reports to see if they are a good match for your property. Talk to an applicant's previous landlords to find out if they paid rent on time.
Finding tenants who aren't constant complainers is a little more difficult during the screening process. You'll have to reach out to previous landlords to get an idea of whether or not an applicant complained a lot.
Not only that, but you can ask previous landlords if other tenants complained about your applicant. Both types of tenants can cause problems on your property.
The best tenants take care of your property and don't cause damage that's beyond normal wear and tear. Property damagers do the opposite.
They will wreck anything they come across in the unit. You might not be aware of this damage until the tenant moves out.
To avoid this issue, conduct regular inspections to spot property damage before a tenant moves out. Property damage should be included in your lease agreement. If a tenant fails to uphold the rules, you have grounds to evict a tenant.
During the screening process, ask previous landlords what condition an applicant left their unit in.
Becoming a landlord is a much easier process when you find dream tenants. To rent to these tenants, you need to know what to look for.
A thorough screening process can help you find the best tenants based on their:
- Level of income
- Rental background
- Criminal history
- Employment status
Searching for these factors will increase your chances of finding tenants that take care of your property and pay rent on time. Although it takes time, screening tenants will be worth it in the long run to avoid bad tenants.
Hire a property management company that will create a tenant screening process for you.
Screening Tenants With Property Management Services
If you want to avoid renting to late rent payers, constant complainers, and property damagers, you need a thorough tenant screening process.
Screening tenants is a complex but necessary task for landlords to complete. To have a better chance of finding dream tenants, hire a rental property management team.
Contact us today to learn more about how our services can help you.