How to Check Out a Potential Tenant Applicant

Evaluating potential tenants is one of the most important parts of your job as a landlord. When you own rental property, the biggest part of your success depends on the quality of tenants that you keep. If you consistently have bad tenants, you will consistently lose money along the way. Therefore, you need to do everything that you can to prevent bad tenants from coming into your property. Here are a few things to remember when checking out a potential tenant.

Check References

Most landlords have their prospective tenants fill out a rental application. When they fill out this application, they are usually required to come up with at least three references. You should require the references to be non-family members. When you get the list, you need to actually call the references and check up on them. Sometimes, you can find out a lot about prospective tenants just from talking to their references.

Call Previous Landlords

Make them list contact information for their previous landlords as well. This will give you an opportunity to find out how they live and whether or not they paid the rent or not.

Credit Check

You can also pull their credit file if they consent. This will give you an idea of how they pay their bills and whether or not they would be a good tenant.

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