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Tenant problem can be simply avoided by having several measures before choosing the right tenant for your real estate business. There are two methods for landlords to seek for tenants such as online search and conventional search.
Online searching can be too risky if owners will not be very strict in choosing their tenants. It is imperative to let interested tenants to fill up comprehensive form. This can be your number one tool in assessing the character and behavior of that tenant. In an online search you cannot see interested client that is why it is imperative to ask for meetings. You can interview possible tenant personally to know their answers will match the form that they have fill up.
Conventional searching can be done through signage and newspapers. You can also ask future tenant to fill up a form stating their background. It is the same as the first method, the only difference is that the origin of the search. Possible tenants should agree to the tenant forms. Character references are another way to prevent problem tenants or tenants with criminal records. There are basic landlord verifications that should be done by the landlord including:
· Identity checks- it can oral and written interview of the possible client. You may also check the identity of the person through their birth certificate and other important documents.
· Credit checks- it can identify if the possible tenants has past bad credit. It is an advantage, because the landlord will know if the possible tenant has the ability to pay for monthly payment.
· Criminal liabilities- this is the most important because it can endanger the life of other tenants if you let criminal inside your premises.
Previous landlord information and history is also necessary to know their reasons for moving into another place. You can talk to their previous landlord to know important information about the tenant. Important personal details such as full name, previous residential address, current employment record and social security number should be collected by the owner. Make sure that all important details are filled up. Tenant who does not want to give some important information will be out from the list.
Landlord forms should be clearly explained by the landlord to the tenant. Any sign of misunderstanding within the start of the agreement is not a good sign. All legal forms regarding tenant’s occupancy should be finished right before you hand out the key to the tenant. This is to ensure that all legal issues are understood by both parties.
There are tenant screening agencies that can help you in thorough screening of possible tenants. They provide tenant checks in a professional way. They also provide suitable advices according to the landlord-tenant requirement law.
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