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How To Find The Perfect Tenants

Property owners and managers dream of the perfect tenant, one that respects their property, pays on time, and doesn’t create problems.


Does such a tenant exist?

They absolutely do. And if you want them to live in your space, here are a few tips to help you find the perfect tenants:


1) Choose Tenants With Good Credit
Finding tenants who are financially responsible isn’t impossible. It just requires a little legwork on your part.

Every potential renter should complete an application that offers all of the information you need to run a credit check. That application should include:

  • Full Legal Name

  • Date of Birth

  • Social Security Number

  • Addresses For the Last Two Years

  • Current Employer

  • Current and Previous Landlord

  • Permission to Access Credit Report


Per the Fair Credit Reporting Act, you need the tenant’s permission before you can take a look at their credit. I always recommend including that question in the renter’s agreement.

2) Do a Criminal Background Check
Criminal information is public record. This is good news for landlords and property managers who want to ensure they are bringing in the perfect tenant.


To run a check, you will need the tenant’s full, legal name and their date of birth. You can start with a state or county search, and then move on to a federal search if your local searches turn up anything curious.


There is a sexual offender database as well.

3) Learn the Tenant’s Rental History
Knowing the rental patterns of a potential tenant can speak volumes. When you reach out to past landlords, ask questions like:


  • Did they pay rent on time?

  • Were they respectful of their neighbors?

  • Did they give 30 days notice when they decided to move?

  • Why did they decide to move?

  • Were they clean?

  • Did they cause problems or complain often?

This is why getting references is important. Taking the time to call past landlords or property managers is never a waste of time. If you want good people renting from you, learning as much as you can about them is the first step.


 

  • Renttropolis Team
  • 12/21/2016