If you were to stand a good renter and a bad renter next to each other, you may not be able to tell them apart. Whether they’re disheveled or completely put together has no bearing on who that person is as a tenant. Don’t be fooled by a polished performer. You’ll have to go deeper than that to learn the difference between a good and a bad renter.
For the most part, there are some characteristics typical to a high-quality renter and others that will flag a problem renter. A credit and background check and the results of all the calls to previous employers, landlords, and references will give you an overall picture of the whole person.
When you have the cumulative picture in front of you, ask yourself:
- Does this person have issues making regular monthly payments?
- Has this person been in legal trouble?
- Is this person a reliable employee?
- Why is this person looking for a new residence?
You need to ask yourself these questions and more to be aware of any potential issues and know what you’re getting into with people who will be living in your rental property.
Remember to apply your qualification evenly across the board with all potential tenants. To stay within the letter of the law, be consistent in your decision-making process.
Read: How to Properly Evaluate a Prospective Renter’s Credit History
Technology can help simplify the process for you.
The entire screening process can be time consuming. Having an online screening service simplifies the process. It can be as easy as clicking a button. Sometimes information is difficult to get or resources are scarce, so having ProHomes.com’s built-in screening process helps ease the burden.
You can also cut down on the screening process by listing all property information on your ProHomes property portal giving prospective tenants all the information to self-screen, with the option to speak to you if they’re still interested.
Finding great tenants can be tricky, but it’s a lot easier than having to deal with problem renters later on. Take the extra steps to thoroughly screen tenants and you’ll minimize issues in the long run.