Property Management
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, 03-25-2017 at 06:30 AM (1111 Views)
Selecting a tenant is important when it comes to property management. Choosing a tenant is vital in ensuring your income and the best way to secure a return of investment. Here are some tips on how to spot a good tenant
1. Match the property you are up for rent with the tenant. For example: if you have a condo in the business district for rent, match it with a tenant that is career-oriented. It would be a perfect much since their office will just be within walking distance.
2. Fix and clean the property before you open it for renters. As much as possible make sure that your home is presentable and clean. Fix all broken electrical socket, and all lights must all be working. If you manage to do this, a lot of responsible tenants wanting to rent your home will be knocking on your door.
3. Advertising helps and plays a big role in finding a perfect tenant. Start letting your family and friend know then try posting it on social media. Remember to add images and other details such as location, the number of rooms and amenities. Also, try local advertisement like posting it in your local newspaper.
4. Create a detail application form and ask your tenants or the ones who want to rent your home before signing the paper works. Collecting vital information such as work experiences, place of birth, government ID's and numbers, address, family members Etc. This will allow you to filter good and bad tenants.
5. Once you have their information you can perform a background check. Try getting some information from their previous landlords. Ask something about their monthly rental payment if they pay it on time and what is the reason why they moved to another property.
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