Did you know
Putting the right person in the right house is a win win for both the tenant and the landlord. The landlord wants a tenant who will pay the rent and take care of the property. The tenant wants the landlord to take care of the property and give them “Quiet Enjoyment”(They want to be left alone to enjoy the home)
It all starts with the application process. It can be very quick or it can take some time.It all depends on the landlord or the property manager. Either one can do it with the same tools, IF they want to do it RIGHT.
As a landlord you can shake their hand and say, “The house is yours. When can you move?”
You can give them an application. Ask them to fill it out. You will then begin the process IF you want to “Put the right person in the right house so you both win.
As the landlord you want to find out if they have the income to afford your property. The best way to do this is to verify their income. You can use their last paycheck, tax return or 1099 form. If they are paid cash, then they probably don’t file a tax return and probably won’t be renting your house.
You also want to talk to their existing and previous landlord. Now you may ask.
“Why should I talk to their previous landlord.?” The best reason of all. If you talk to the existing landlord they may want the tenant out asap and they will lie to you. If you talk to the previous landlord, they will tell more than likely tell you the truth.
Now the last step. It is now time to get a background check and credit report. Times the way they are, it is part of the process to do a credit report. You do not want to base everything on the credit score. For several years, I did not do background checks. I felt that I could tell if there was a problem. I was “SMART” I could “read” this people. Boy, was I wrong. I really don’t like admitting that I am wrong but I decided it was time to do background checks with a prospective tenant told me that he had been convicted of a
sex offender. I thought he was a good guy. BOY WAS I WRONG!!