If you are a landlord, you will know the importance of having responsible tenants in your rental home. A tenant who looks after your property, pays rent on time and creates no nuisance can make the rental experience much easier. It is thus important to perform a thorough screening procedure before you hand over the keys to the tenants.
Before you begin the tenant hunt, you need to first set a predefined criteria for the type of tenants you want. Decide whether you want to rent your property to a student, executive or family. Based on your preferences, you may begin screening the prospective tenants.
Here is a checklist that may help you in choosing best tenants for your rental home:
Interview Tenants Over The Phone
You should talk to the prospective tenants over a phone call before you meet them in person. During this conversation, you may ask them certain questions to have fair idea of their conduct and interests. These questions may include:
- Why do they want to relocate?
- When do they plan to move in?
- How many persons will be living with them?
- Will they provide their former landlord’s references?
- Will they bring pets?
- Do they smoke?
- Will they be able to pay a security deposit along with first month’s rent?
Make sure that you do not ask any questions regarding their religion, nationality or caste. These questions may portray you as a biased person and leave a bad impression on your potential tenants.
Arrange Property Tours
Once you have prequalified the potential tenants over the phone, you may schedule property visits for them. This would provide you an opportunity to interact with them in a profound manner. During this meeting, you may also discuss about their employment status, credit history, rapport with previous landlords and other such intricate details.
Perform A Background Check
As a landlord, you must be ensured that your tenants are trustworthy. For this, you may contact their previous landlord and inquire about their conduct, punctuality in paying rent, behavior issues (in any), etc. You may also hire a professional property manager to conduct a criminal background check through government databases or local authorities.
In order to ensure their financial stability, you may request your prospective tenants to submit their recent pay stub, which will have all the information such as applicant’s name, current address, monthly income, employer’s name and their year-to-date earnings.
Get The Paperwork Ready
Ask the interested tenants to discuss and sign the lease agreement. This document should include all necessary information such as the duration of tenancy, date of rent payment, late fees (if any), dos and don’ts regarding property maintenance, monthly utility bills (if any), parking rules, etc. You must also ensure that the prospective tenant reads the agreement thoroughly before signing. Other documents that may be required for carrying out the process should also be attached with lease.
Seek Help From Professionals
A property management firm can assist you in conducting an effective tenant screening process. All you need to do is, explain to them all your considerations and expectation from the prospective tenants and they will take care of the rest. As the professionals are well versed with tenant evictions, they will be able to select most appropriate tenants. They will ensure that the tenants:
- Pay rent on time
- Stay for a longer period
- Cause no inconvenience
- Maintain your property with utmost care
The real estate agents will not only help you find the right tenants, but will also make sure that your property is rent-ready (in terms of cleaning, repairs and other maintenance tasks.) They will keep you updated about laws regarding fair housing, evictions, and lease terms. Thus, you can rest assured that your rental business will be taken care of in the best manner.
We, at Hunter Rentals & Property Management, can help you to find most suitable tenants for your rental homes in Killeen, TX. For more information about our tenant screening process and rental services, feel free to call us at (254) 634 – 3311 or visit our office at 1503 W Stan Schlueter Lp, Killeen TX 76549.