Screening your tenants thoroughly before you rent your property out is one of the first steps you need to take in the leasing process. You need to prioritize creating a robust screening system and be able to not only answer the question 'how long does screening take for applicants?' But be sure that your information is reliable and up to date.
As part of your tenant background checking process, you need to know how financially responsible your prospective tenant is. After all, you need to be sure the rent will be paid on time and that you don't have any financial headaches. How do I order a credit report for a tenant? is a critical question for a landlord or rental agent.
In order to maximize cash flow in your investment property, it is essential that you keep your rentals filled. However, even more important than finding a tenant is finding the right tenant. An effective tenant screening process requires you to gather a variety of information, including financial and credit data.
On the list of stresses of being a landlord or agent, payment problems are right up there, and how to verify tenant employment is a key question. Whether you’re fielding late payments, partial payment queries, or even complete non-payments, it’s a headache you can do without.
As a landlord, you want to ensure you’re leasing your rental properties to tenants who will pay the rent on time and who are reliable and trustworthy. While it would be great if you could trust everyone, unfortunately, that’s not always the case.
People can put on a show and pretend to be the perfect neighbor, when in reality, they are hiding things from their past that may be a red flag to future property managers.
At some point during the rental application process, you will be meeting face to face with an applicant. After reviewing a tenant screening report, it’s a good idea to come up with questions to ask an applicant. Whether it’s about the report or just general questions about the applicant, you should stay prepared.
Wondering how to find the right tenant for your current rental? Check out our do’s and don’ts for a better screening process.
There’s nothing worse than finding a tenant who seems reliable, then learning he or she is anything but. Unpaid rent, property abuse, excessive noise: all of these can create headaches for you and property neighbors.
When you’re in the real estate business, you should always be looking to the future. It’s really never too soon to start planning your strategic moves for next year, especially when next year is just a couple of weeks away! If you’re a real estate professional, you should be planning ways to attract more tenants in 2020. Real estate trends vary depending on location.
Depending on your state, the tenants have a few important protections that you’ll need to help your client navigate, and there are lots of ways to make the move itself a little less hectic.
Selling The Rental Property
There are lots of reasons you might want to sell an active rental property.
When real estate agents are strategizing ways to launch or grow their business, many of them favor an emphasis on buying and selling houses as the fastest way to move forward. In fact, some real estate agents don't work with renters or rental properties at all.
No matter if you rent or own your property, everyone has an expectation that they’ll feel comfortable when they’re in their own home. Of course, what makes someone feel truly “at home” is dependent on the person—some feel at home when they can get creative in the kitchen, others just need a place where they can plop down and watch Netflix.
Learn the keys necessary that will allow you to manage a property without ever having to be physically present
Being a long-distance landlord can often come with a few issues; it can be hard to check up on your property and deal with emergencies. That doesn’t mean that being a long-distance landlord is impossible.