Tenant Selection: the Basics
Source: Rental Property Reporter-Center for Real Estate Studies
There are only 2 times Landlords get into trouble in tenant selection:
when you’re in a hurry-when you feel sorry for someone.
The easiest way is through the verification process. All the
information on the application needs to be verified. Have they listed
all the places they have lived-Landlord reference phone numbers, not
just a friend of theirs: they work where they say they work-the
names/names on the rental application is really his or her name. Tip from Crossett Real Estate Services: a copy of a drivers license, copy of some form of ID must accompany all applications.
How will you know when an acceptable Tenant shows up?
How will you know when an unacceptable Tenant applies?
Attach rental standards and policies with the application. What goes into rental standards and policies. *EXAMPLE: * Tip
from Crossett Real Estate Services: are you a smoker? All our
rentals are in smoke free properties-we do not accept smokers in or on
the property, etc. We have a no pet policy: Do you have pets? etc,.
Make sure the Application is
completely filled out to your satisfaction, not the
Applicant’s. That means all blanks are to be either filled
in or have an N/A. (we have a space for additional comments.)
All showings and interviews are by scheduled appointment with completed and acceptable application in place.