How to screen prospective tenants
Once you start to advertise for tenants to rent out your property
, don’t jump for the first person who shows an interest. It’s important that you find the right person.
The best way to go about this is to screen your tenants.
After a prospective tenants has seen your property and tells you they’re interested in renting it out, ask them a few questions in a tenant’s application. This should include:
Whether they have a job;
How much they earn; and
If they have a partner who will be living with them and whether they’re employed and how much they earn.
You should then contact the prospective tenant’s employer and ask them for a reference.
If someone doesn’t have a job, this should send alarm bells ringing in your head. If they don’t have an income, how can they pay you rent every month?
Conduct a credit check on prospective tenants
Your application needs to state that if the tenant signs it, you have the right to do a credit check on them. You need to have this in writing. This should help filter out tenants that you may not want staying in your property.
There are a number of websites you can use to run credit checks for a fee. Have a look to see which one suits you best.
You’re looking for a tenant that has a secure job, earns an income that can more than cover the rent and who has a clean credit record.
So there you have it, how to ensure you get the perfect tenant for your property.
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