Finding the best possible tenant for your rental property is an important part of being a successful landlord and real estate investor. Today, we’re discussing some of the things you can do to ensure you find a qualified renter.
Finding the Best Tenants for My Rental Property
You need a thorough and consistent screening process to effectively find a good tenant. Start by running a complete background check on all applicants who are at least 18 years old. Follow up by calling the employers listed on the application. This will allow you to verify they are employed and it also helps you to establish that they are who they say they are. Call previous landlords to get an idea of what kind of tenants they have been in the past. You can ask if rent was paid on time, and if any damage was done to the property. You can ask current landlords if they were even informed that the tenant planned on moving.
Meet Any Prospective Tenants in Person
Meet with your applicants face to face before you sign a lease or provide the keys to your property. You can ask for a government issued ID, and you should make copies of it. This helps you to verify that you know who you’re renting to.
Fort Myers Property Management: Rental Criteria
Establish a set rental criteria. You might require a minimum credit score or at least three times the monthly rental rate in gross income. If your potential tenants are not meeting one or more of your requirements, you can ask for a larger security deposit. This holds them more accountable for paying rent on time.
If you have any questions about property management in Fort Myers and the surrounding areas, please contact us at Real Property Management Rental Direction. We service Naples, Fort Myers, and the local Lee and Collier county areas, and we’d be happy to help you.