Instead of turning these potential tenants away based on factors such as high debt ratios, poor credit, or a short credit history, there is something you can do in order to accept these renters – without taking on the associated risk. If you find yourself in this situation, you may want to consider asking for a rent guarantor.
Bad Tenants Are Every Investor’s Nightmare Ensure You Have a Strict Lease Discover How To Rent A Property With This Step By Step GuideKeep Detailed Records Increase Inspections and Visits Confront the Bad Tenant…
Becoming a great landlord is actually a relatively easy task if you are willing to set your mind to it and take the first step.
Picture this – you are screening tenants for a new rental property you have just put on the market and as you are going through their applications, you find yourself stuck between multiple qualified tenants who appear to be excellent options. What do you do?
Tenant appreciation is incredibly important for a few key reasons. Through appreciating your tenants and making that appreciation known, you can avoid vacancies, find new tenants faster and encourage tenants to keep up their positive behaviours.
As a real estate investor the last thing you want to deal with is late rent payments. Not only can it throw a wrench into your finances as you cover all of your property expenses without the payment but chasing tenants down for late or missed rental payments can be a lengthy process.
Step 1: Communicate with the Tenant When Your Tenant Informs You of Damages When You Discover Tenant Damages Step 2: Assess the Damage Discover Residential Property Management With This Step By Step GuideStep 3:…
Eviction is never an easy process for landlords to go through. Typically, the only time you would want to consider an eviction is as a last resort when you have already exhausted all of your options. However, sometimes evicting your tenant can be a poor choice.
To help you determine the qualifications of a tenant, here are eight screening questions you should be asking prospective tenants.
Screen Tenants for the Long-Term Use a Leasing Agent to File Vacancies Find Reliable Maintenance Workers and Handymen Discover Residential Property Management With This Step By Step GuideAutomate Reminders for Maintenance and Inspections Remotely…
However, while it is important to establish that line of tenant communication, it is equally important that you determine a consistent medium for those communications to use. After all, if you are juggling a combination of texts, letters, and phone calls, it may become difficult to ensure that the message conveyed in consistent across conversations.
As a landlord, you want to find the best tenants available for your properties. After all, a good tenant is going to take care of your property and consistently pay their rent on time, allowing you to relax and focus on other things. Now the question remains, how do you find these ideal tenants?
