Tenants aren’t the only ones searching for the right match. Landlords are always on the lookout for qualities that make a good tenant. You’ll want someone who is a good fit for you, your property, and your community. Use this list of qualities landlords should look for in tenants and what to avoid as you screen your candidates!
Important Qualities To Look For
When looking for a tenant, there are many positive traits to look for that can clue you in on a great potential renter. Of course, each property owner has their own list of priorities, but these general qualities are signs you’re headed in the right direction.
Reliability
Reliability is one of essential quality you should look for. Consider how responsive they are to calls and emails, to a reasonable extent. You also want to ask about prior evictions and rental history. Keep in mind that not every broken lease shines badly on the tenant. Ask questions and look for a tenant who openly and honestly answers them.
Respectful and Considerate Behavior
Respectful behavior during the initial stages of the rental process can point to a client who is polite and considerate of their neighbors. It’s important to have someone who will be a good fit for your current tenants. Additionally, you’ll want to ensure they care for your property and don’t cause any damage. Note how they speak to you and how they handle the tours or interviews.
Good Credit History
One of the most important qualities landlords should look for in a tenant is good credit history. A good credit score demonstrates a history of responsible financial habits. A good score is especially crucial if you’re planning on having them sign a lease agreement. Keep in mind that a bad credit score may have a cause, however, and that the credit score is only one factor among many.
Qualities To Watch Out For
On the other hand, there are also some warning signs to look out for as you find the right tenant. If you notice any of these issues during your screening, consider your tenant choice with care.
Trouble With the Law
Finding any potential criminal records is one of the many reasons you should conduct a background check on potential tenants. While a criminal record doesn’t necessarily mean they are a bad match, it is essential to ask for further context regarding minor incidents. After all, you want to keep your property and current tenants safe.
Unemployment or Underemployment
If the candidate admits to being unemployed or underemployed, they may have trouble paying rent on time. You’ll want to ensure they have a stable source of income so that they can afford to live on your property. Ask for clarification on how they believe they can make rent at the prices to understand the big picture and determine if they’re a good candidate for your rental unit.
Bad References
References are another vital tool for property owners. If their references are bad, it could mean that they’ve had trouble with rentals in the past or haven’t been good tenants.
Choosing the Right Tenant
No matter how short or long they intend to stay in your property, you want to ensure the tenant you choose is a good fit. Keep an eye out for qualities that would make a good tenant, as well as red flags that could indicate trouble down the road. By taking the time to screen tenants properly, you can prevent different issues from arising.
Remember that a property business is also a people business. Every candidate is coming to you from an entirely different situation, so it’s essential that you have a good understanding of who you’re welcoming onto your property.
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