Posts Tagged tenant background screening

Tenant screening checklist

One of the most effective method of tenant screening is doing it on a face-to-face conversation. It is a growing trend that landlords or property managers do background checks through screening services on a potential tenant’s credit information, eviction records or even criminal offenses. Yet when sealing the deal with a qualified tenant, always bring with you a list of concerns any tenant might take into consideration. You provide the answers ahead even without them asking you.

Safety. This is critical to every dweller. Communicate how you keep your property safe. Do you have 24-hour security personnel? How about fire alarm devices? Where are fire exits located?

Reasonable Rental Fee. Make your own research. Does your property belong to Class A luxury units or to Class D low cost housing rental? Tenants can have many choices of other places to go for a rent so when seeing a possibly good tenant, do your best in making him stay by convincing him you are offering him a reasonably, good price.
Good building condition. Poorly-painted walls, shrieking stairs, incomplete glass windows, doors without locks, or wobbly railings may turn off a potential tenant. Even when there are imperfect areas out of a person’s sight, when unexpectedly noticed by an applicant, it can give your apartment a bad reputation. Negative first impressions can spread anywhere.

Approachable Management. Good, long-tem businesses flourish because of good management systems and techniques. Do you or your property manager follow up tenants on how they are doing so far in your apartment? Do you listen to the complaints raised over a leaking faucet or unstable electrical wiring? Do you find the time to talk to them and listen to their concerns related to the repairs and maintenance?

You have the four factors necessary in closing the deal with a qualified tenant. Don’t just focus on your income. Pay attention to long-term income-generating techniques to make your apartment thrive and rarely experience vacant spaces.

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