Considering all the factors which are help you choose the right tenant for your Apartments Houses for rent which you save your time and money by avoiding costly evictions, non-payment and secure to your property.
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Landlord Must Be Aware While Choosing
Certain tenants are making your life as a landlord a breeze while others
make your life a living nightmare. Taking the time to choose the right
tenant for your property can help protect your investment.
Here are some tips for placing a tenant in your rental.
1. Adhere to the Federal Fair Housing Rules
Your desire to find the right tenant for your apartments for rent does
not make you exempt from adhering to the Federal Fair Housing Act.
You must always follow these rules so you are not accused of
discrimination. In short, you cannot discriminate based on:
Race or color
Sex (Male or female)
Familial status (families with children)
2. Choose a Tenant with Good Credit
You want to look for a tenant who is financially responsible. If they are
responsible with paying their bills, they will most likely pay their rent on
time and be responsible with your apartment. This is a two-step process:
Verify Their Income
Ask for copies of their pay stubs
Run a Credit Check
Check their income/debt ratio.
3. Perform a Criminal Background Check
Criminal information is public record so you can be viewed at various court
or police station. This check is turn up both serious and minor offenses. To
run one, you are needed the tenant’s name and date of birth. You must
check a valid ID to verify that they are who they say they are.
There is nationwide database of criminal records, so it may not be hard to
uncover the tenant’s full story. It may be best to hire a reputable tenant
screening this check. It can often be combined with for a fee of course, the
4. Consider the Tenant's Rental History
If it is possible you should talk to at least two of the tenant's previous
landlords. If the tenants were a culprit, the current landlord may not be as
truthful as they may just want to get the tenant off of their hands.
Questions you should ask:
Did they pay their rent on time?
Did they give 30 days’ notice prior to moving anywhere?
How did they keep their apartment? Were they clean the apartments?
Did they cause any damage to the apartment other than normal wear
Were they respectful of their neighbors?
5. Choose a Tenant Who Is Consistent
On the application form you look at the tenant's prior addresses and
employment history. Do they move or switch jobs often. They have able to
afford the apartment in three months or not?
6. Look for a Maximum of Two People per Bedroom
Although you have specific rules regarding the number of occupants per
bedroom, a rule of a maximum of two people per bedroom is considered
reasonable with the following exceptions:
Size and configuration of dwelling - A unit with a living room and den
could hold more occupants than one without.
You can give a maximum number of people per apartment, but you
cannot give a maximum number of children per apartment.
If capacity of the system limits the number of occupants the dwelling
The more people per apartment, the more noise and the greater the
wear and tear on your investment.
Considering all the factors which are help you choose the right tenant for
your Apartments Houses for rent which you save your time and
money by avoiding costly evictions, non-payment and secure to your