As a landlord or property owner, you want to ensure the people you’re renting to are going to take care of your property. Too many times landlords have found themselves leasing to people they thought were perfectly capable tenants only to find out they were very mistaken. This may be your worst nightmare, but how do you know who will be a good tenant and who will be a bad one? In today’s post, we will discuss a few ways you can ensure that you are selecting good tenants to rent your property.
If you manage or own rental property, and you’ve recently decided it’s too much for you to handle, instead of selling the property to someone else, hire the experts at Minnix Property Management. Our management software not only makes it easier for you to manage your property, collect rent, and more, but it also makes it easier for people to find your rental properties. With our professional property management in West Texas, you can sit back, relax, and let us take care of the rest. Explore our website to learn more about how we can take some of the stress off your plate, and give us a call to get started!
Meet Candidates In Person
Many people are under the impression that offering an online rental application is the fastest and easiest way to find new tenants, and while that may be true, you also have to consider the quality of the people who may reply. With an online rental application, it could be easy for your tenants to include information about themselves that isn’t quite true. However, when you make a point to meet the candidates in person, it can be easier for you to get a better idea of who the person is and how they may be as a tenant. If you’re worried about not getting enough people to apply, you can always offer the application online but require an in-person interview before you can approve them to rent your property.
In your application, consider requesting references from each potential tenant that applies. Requesting references may help you weed out any potentially bad tenants. That being said, if candidates provide you with references, it’s important that you take the time to contact them. The provided references may be able to tell you more about your potential tenant and whether or not they are a good fit for your rental property.
Look at Rental History
If you don’t plan to request references, at the very least it’s a good idea to look at the rental history of your potential tenants. The supplied references may be friends or family members of the tenant, and they may not be able to paint the most accurate picture. However, by talking to previous landlords, you will be able to get a better idea of how the candidate is as a tenant. If possible, it’s a good idea to try and talk to at least two of the previous landlords. That being said, each candidate is different, and some may have only lived in one rental property before yours, or none at all.
Know the Laws
Both landlords and tenants have laws they need to follow at the federal and state levels. For this reason, it’s important that you know and understand these laws before you start searching for new tenants. Additionally, you will need to familiarize yourself with the Fair Housing Act. This act was put in place so that landlords can’t discriminate against qualified tenants based on familial status or race. However, the Fair Housing Act does allow you to refuse a tenant due to a bad credit score.
Knowing and understanding your rights as a landlord, as well as the rights of your tenants, can help you find better tenants while also keeping you out of trouble.
Start Your Search for the Right Tenants!
Finding the right tenants doesn’t have to be difficult. At Minnix Property Management in West Texas, we can provide you with all the tools you need to not only find the perfect tenants for your rental property, but to also take some of the stress of managing a property off your hands. With help from a professional property management company, you may be surprised at how easy it can be to fill your rental property with high-quality tenants. Learn more by exploring our website, and give us a call to start the process today!