Do you currently have a vacancy in one of your Monterey area investment properties? If so, you’ve come to the right place!
There’s no doubt that tenant screening is typically one of the most difficult tasks that landlords have to deal with because of the simple fact that the job falls on them to find out if a tenant is qualified to rent or not.
Yes, there are a wide variety of tenant screening services for owners to choose from, but the simple fact is that the ultimate decision always falls back on the landlord, and if they are unsure about how to analyze the data or what questions to ask, it’s possible that they could choose the wrong tenant.
Thankfully, there are three things that you should look for when analyzing a tenant’s background so you can have confidence if they will be the right individual to rent to or not.
#1 – Rental History
The first thing to consider when analyzing a tennis background is their rental history. This is important because of the simple fact that if your goal is to sign a tenant to a 12-month lease and their rental history shows that they stay in average of 3 to 6 months at the places that they live, this shows that a prospective tenant could potentially be a problem for you and you should ask for a detailed explanation of their rental history.
#2 – Evictions
In today’s world, it’s not uncommon for some tenants to have evictions on their rental history. Although some landlords have policies where they will not consider evictions within the last 7 years, you may want to consider a prospective tenant if they have a “satisfied eviction”. This means that they’ve paid any court fees related to the eviction and all back rent that they may have owed to their previous landlord.
#3 – Criminal History
Last of all, but most important, another important thing to consider before renting to a prospective tenant is their criminal history. In today’s world, you cannot discriminate against anyone who may have a criminal history but, you can specify what types of criminal history you are willing to consider, especially if they have a violent or non-violent criminal history.
Let Us Help You with Tenant Screening
Choosing the right tenant is critical to long-term success of any rental property. Thankfully, the team at 36 North Property Management can assist you with tenant screening, tenant selection, rent collection, maintenance and more!
To learn more about the property management services that we can offer you, contact us today by clicking here!