While a lot of lip service is paid to the importance of rental applications and tenant screening, there are still countless landlords each year who unnecessarily face tenant lawsuits, evictions, and trashed rental properties simply because they neglected to aggressively screen out the bad apples. Here are some specific instructions to help prevent nightmare tenants through strong screening, an investment that pays off many times over.
How do you make sure the applicant fulfills the income and credit requirements to rent from you?
Many landlords simply arrange to meet the tenant at the tenant's convenience and only after showing the unit and answering the tenant's questions do they ask for a credit application. This can be a huge hassle and waste of time if the tenant does not qualify.
While it is true that the rental business can be very lucrative, there are factors that need to be considered in order to guarantee such success. As a landlord, you have the responsibility not only maintaining the property accordingly, but ultimately to secure your income. And that can only be achieved if you primarily do a comprehensive screening of probable tenants.
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