No one likes to have a building sitting empty: not the local government, not the neighbors, and especially not the building owner. It’s an easy trap to fall into, however, if you’re playing Goldilocks and waiting for the absolute perfect tenant. At the same time, no one wants to sign a lease to a terrible tenant simply to have a building be occupied and then have that tenant fail in some way soon after. One thing you should be doing is screening potential tenants before spending time and money on more in-depth investigation. These questions are a good place to get started.
Posts Tagged ‘ Tenant Screening ’
While pet policies are often standard in every leasing agreement, they are often not as thorough as they should be when presented to a tenant. Many pet policies can be vague or confusing with their terms, and it is best to be concise to prevent any misunderstandings with your tenant in the future. By following these four easy tips for perfecting your pet policy, you are ensuring a clear set of guidelines with your tenant so that both parties can maintain an understanding throughout the year. (more…)
Owning and operating a rental property, whether an apartment complex, a condo, a single family home, or whatever, can be a very rewarding experience – both figuratively and literally – if you go about things in the right way. This means taking the necessary steps to ensure your tenants are not only happy, but you are happy as well. And it all starts with Tenant Screening.
Tenant Screening: Avoid Problems before They Happen
Problem tenants come in all shapes and sizes. Some have credit problems. Some are unemployed and have no source of income (this means no way to pay your rent). Some have a poor renter history. Some have exotic pets. And so on.
A problem tenant is a landlord’s worst nightmare. And once they are in your rental property, problems tenants are just that…a problem. This is why it is important to weed out the problem tenants beforehand, which brings us back to tenant screening.
What is Tenant Screening?
Tenant screening is a process used by landlords and property managers to evaluate potential tenants and the likelihood that they will both fulfill the terms of their lease or rental agreement, and take good care of the rental property. Tenant screening can take many forms, from in-person interviews to background checks, credit checks, and more.
How to Handle Tenant Screening
While most renters are law-abiding citizens, there are more than a few unsavory people in the world. It is important to uncover the latter before you let them move into your rental property. And while you can certainly try and handle tenant screening on your own, it is often easier and more effective to let the professionals handle such a delicate matter.
Property Management and Tenant Screening
Clagett Management provides full service, competitively priced property management throughout Maryland, West Virginia and Virginia. We utilize the latest in management, accounting and reporting software to effectively and efficiently manage all types of properties from a 1,000+ unit homeowners association to single family and townhouse rentals.
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Our goal is to help you profit from your investment and to free you from the daily concerns of your property’s upkeep and operation.
If you have any questions about Tenant Screening or Property Management, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.