Saturday, January 3, 2009
Property Management Blog- Screening Tenants
When investing in property you will want to minimize the amount of vacancies for your rental units. When screening potential tenants you will want to ask the usual questions, can this potential tenant pay, have good credit scores, good rental history, and are any pets acceptable. I would suggest you also ask yourself 'would this property be better vacant or to rent to the potential tenant'. You will want to ask this question to make sure you are really renting to good quality tenants. Too often I find that landlords want to reduce vacancies to the point that they will overlook poor qualities in potential tenants just to get them to move in.I have been burned by poor tenants in the past because I was more concerned about having a vacant property and getting the first person in the door to get rid of that vacancy. This ended up costing me greatly because I would have tenants that would not take care of the property or pay the rental on time if at all.Good luck with your property if you want any advice at all please email me sean@coastalpremierrealty.com or visit my website.
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