FINDING AND SELECTING TENANTS
It is difficult to describe an ideal Tenant, however, good Tenants have -5- things in common:
#1 They pay their rent on time.
#2 They care for the property.
#3 They are stable and tend to renew their leases or rental agreements.
#4 They leave the premises in as good condition as they found it OR better.
#5 They do not cause problems with neighbors or other occupants.
Your first choice would NOT be someone with a history of credit problems, altho a negative credit report BY ITSELF may not indicate a "bad" Tenant.
Consider the success ratio of people picking marriage partners is only 50%: If more than 60% of your Tenants turn out to be good, you are far ahead of the game!!!
It is common practice and certainly not unreasonable
to ask for previous landlords/addresses & phone numbers: for
added protection OR convenience, you may want to consider a credit-reporting
company OR Tenant Screening company to provide credit reports/character
references/employment history, past & present/criminal background
checks: ask your prospective Tenant to sign permission to release
this information to you.
Remember to adhere to antidiscrimination laws:
Civil Rights Act of 1968 & Federal Housing Act of 1988 in
-7- protected categories:
#5 National origin
#6 Family status
#7 Physical or mental disabilities*
· I suggest you ask for and receive
the names of any/all agencies/caseworkers phone numbers &
addresses when reviewing rental applications: verify income and
any additional written agreements/requirements necessary: should
an advocate be indicated, insist that your prospective Tenant
· REFERENCES: The Landlords Handbook/2nd Edition by Daniel Goodwin & Richard Rusdorf: (last paragraph: Louise A. Crossett)