Every landlord wants to find the best tenants, even you. You might have an idea in your head about who the ideal tenant is for your Roseville rental property. Maybe you’re hoping for a single professional who works in the tech industry. Or, perhaps you’re hoping to rent to someone who travels a lot and is rarely in the home. Fair housing laws prevent you from picking tenants based on their source of income or lack of children. The ideal tenant is actually someone who pays rent on time, takes good care of your property, and follows the terms of your lease agreement. Your screening process should include a few essential elements.
Prescreen Potential Tenants Immediately
You can start your screening process as soon as someone contacts you to inquire about the property. The initial phone call will tell you if you’re talking to a good prospect. Notice whether they are professional and respectful in the way they talk to you, and find out why they are moving and how quickly they need a new home. You don’t want to rent to anyone leaving their current place in a hurry because of landlord disputes or problems paying rent. Be careful not to ask anything that could be considered discriminatory.
Create Rental Criteria
Put your minimum rental requirements in writing. Tenants need to know what you require before they submit an application. You might want to require that tenants earn at least three times the amount of monthly rent. You can require tenants to meet a specific credit threshold and stipulate that approval is dependent upon a positive rental history with verifiable landlord references. When tenants know whether or not they will meet your criteria before they apply, it will save you both time. Be consistent and apply these criteria to everyone who applies.
It’s tempting to approve the first application that’s submitted. Take your time and remember you don’t have to rent to just anyone. Screen tenants with credit checks, background investigations, and employment and income verification. Ask for documentation and talk to references. The screening process is one of the most important things you can do to protect your property.
Provide a Great Property
Good tenants will want to rent good homes. When you provide a property that’s clean, well-maintained, and desirable, you’ll have a large tenant pool from which to select an outstanding renter. You’ll also have an easier time retaining that tenant.
Finding the right tenant for your property can be complex. A professional property manager has the tools and resources to conduct a rigorous screening and find an excellent tenant, so consider reaching out for help. If you have any questions about tenant placement or Roseville property management, please contact us at Sunburst Properties. We offer professional property management in Roseville, Citrus Heights, Folsom, Rocklin, Granite Bay, Sacramento and the surrounding areas.