A bad tenant can be a nightmare, in fact they’ve even made horror films about this sort of thing. So any conscientious property owner will jump through the necessary hoops to make sure they’ve got the best tenants around. If you’re trying to find good tenants, use the following tips as a guideline and practice due diligence to make sure you’re getting good tenants.
Call Tenant References
Take the time necessary to call the tenant’s references, employers and previous landlords. It’s pretty rare for a personal reference to be bad, but you may get a more honest response from employers and previous landlords.
Check Credit Reports
Have prospective tenants sign a waiver that gives you the authority to check their credit report, then actually check it. This will tell you a lot about their financial responsibility.
Check Public Records
Check to see if there have been any criminal or civil proceedings against your prospective tenant. A history of domestic abuse, failure to pay bills, other criminal activities can all point to a bad tenant situation.
Have an Application Form for All
The reason for having a standardized form is twofold, it protects you and ensures you get all the information you need. Busy landlords know it’s easy to let things slip your mind, an application form or series of forms ensures you never forget to gather information. As a secondary measure, it prevents you from future discrimination suits by giving you proof that every applicant goes through the same process.