How to Identify Good Renters

Published: 27th May 2011
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If you are a landlord, there is a good chance that at some point you have rented to a tenant that was less than desirable. This tenant probably caused problems for you and perhaps did the same for other tenants. How do you avoid making the same mistake again in the future? Is there a way to guarantee that you find quality tenants and avoid the bad ones? Well there are indeed steps you can take to ensure that you have a much better chance of finding the right tenants. These steps can make the rental process a lot easier for you and can save you the time and money that bad tenants can cost you.

First and foremost, you will want to run a newspaper advertisement that basically repels poor prospects. Make sure you let potential tenants know that you keep a quiet place and that noisy types will not be tolerated. Landlords are allowed to do credit background checks, so mention that in the advertisement as well. Some seedy individuals will not even bother responding to your ad if they know you are going to run a background check on them. Likewise, a potential tenant that hasn't been responsible financially will have bad credit and will probably not even bother responding to your ad because of the credit check requirement. So as you can see, a well-worded ad can eliminate many bad tenants before you even start taking calls.

Whenever folks call about the unit, you can do some additional screening by telling them that you will need to see a minimum of 3 months of steady employment history that must be validated via the previous three months pay stubs. You can also require proof of a checking or savings account using the last three months of statements. This is also where you can state your minimum credit score requirement (if any) to rent your place. Once again, these methods are helpful in terms of getting quality renters and will deter unqualified prospects from applying in the first place.

You must ensure that prospective renters comprehend all of your requirements prior to completing the actual rental application. This will save everybody time and aggravation. Don't be afraid to sound stern and have a no-nonsense attitude when dealing with potential tenants. Poor quality renters usually latch on to property owners that they feel they can take advantage of. Don't give off that kind of vibe. The point of these demands is to intimidate bad tenants so that they will go elsewhere.

Using the above steps will help you weed out bad tenants before even one application is filled out. These tactics have been a godsend for many property managers who are tired of wasting time and cash on poor renters. By making your demands known from the beginning, and by making sure these demands are of the highest standards, you can ensure that you rent to only quality tenants. Decent tenants will not have any problems with your demands and will not feel intimidated at all.


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Go to free-rental-property-investing-info.com for free tenancy agreements and top notch educational information focused strictly on the wonderful world of multi family investment property acquisition and management.

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