What Makes A Good Tenant?
A rental property is one of the most significant investments you’ll ever make. It’s only natural for you to be concerned about finding the right tenants for it – people who will treat your property with respect and pay their rent on time.
So what’s the best way to find tenants for a rental property?
It’s actually simple.
Making sure you know what qualities to look for in a tenant is the only way to avoid evictions, non-payments, and possible destruction of your estate.
You’ll find that eligible tenants have a verifiable track record of financial stability and a reputation for abiding by the law. But as a good landlord, you probably desire more than just an excellent credit score and clean criminal history of your tenants.
How To Find Quality Tenants
Here are some good practices to look out for when finding a tenant for your property:
- They Pay Rent On Time
Rental payments are at the top of the priority list for landlords. Rent is the crux of your relationship with the renter – they provide regular payments and get a place to live in exchange.
Many landlords don’t own their properties outright. They may be making mortgage payments from the rental income, which makes it essential for the renter to provide an appropriate security deposit and continue to pay their rent on time.
So it’s no wonder that a renter who can pay on time makes for the best kind of tenant.
- Treat The House Like It’s Their Own
A good tenant will take care of their home – keeping it clean and well maintained as they live there.
Take note of their general demeanor and examine their personal cleanliness to help you assess how they’ll treat your property. You might also want to ask previous landlords about the condition of their property after the tenant’s lease was over.
Once they are on-board, drop by the property without warning to see if they are keeping up with maintenance. And if your renters are great people, make sure you give them a good recommendation as their landlord.
- Keep Open Lines Of Communication
Things can, and oftentimes do, go wrong once a while.
Good renters will let you know if the heater isn’t working or if the kitchen has sprung a leak so you can quickly get these issues fixed. They’ll work with your rental property manager to keep your property in top condition.
Ignoring small problems like these can lead to major disasters over time. A dream renter will inform you when they see any maintenance problem that needs immediate attention.
- Follow The Terms Of Lease
When signing the rental agreement, make sure your tenant understands what it entails.
It usually prohibits illegal activity on the rental property and may also disallow sharing of the space with anyone who isn’t mentioned on the lease. Yes, you can keep the tenants from further renting out a room for their own benefit, or keep them from bringing pets into your home.
A responsible tenant will abide by the rules because any violation makes legitimate grounds for eviction from the property.
Letting Professionals Help
Now that you know how to find quality tenants, let SLT Properties handle the renters application process and weed out undesirable tenants for you. We follow these guidelines and also perform background checks to find tenants who will stay for the long-term, and keep your property clean.
Get in touch with us today to learn more about our property management services.