Sunday, July 1, 2018

How to choose your tenants

Do you want to attract tenants that keep your property clean and treat it as well as you do?

You should not choose the tenant just because he/she is one of your friends. You have to consider his degree of seriousness and responsibility because you will be associated with him as long as he uses your property. The tenant is the one who will interact with the neighbors, he will maintain the property or not, he will or won't pay maintenance fees in time. It's harder to get rid of a tenant who is causing trouble than finding one with which you can get a good deal.

Whether he's a friend of yours or you've never seen him before, you have to set clear rules from the start because, after all, renting a building is a business and must be seen as such.

If you do not know future tenants, you can consider the following:

- did he previously rent? If so, what is the reason for now renting another property?

- how did he communicate with the former owner? If you criticize him too much, think about what he would not like about you. How did he pay? Has he ever been late?

- can you contact the former owner to receive a recommendation? Make sure the number you receive is the former owner. There is a possibility that the relationship between them will not end in amiable terms and you will receive a friend's phone number.

- where do they work and how long?

Find out more information about why the tenant has chosen your property.

- has he had problems with your former neighbors? Why?

- how would he react if the neighbors are always noisy and listen to very loud music at any hour of the day?

- any problems with the police?

- did he ever have to call to the police? What was the reason?

- did the previous rented property need repairs after he left?

If you trust this person after the discussion you have, it means you can make a decision.

It is stipulated by law that you can not decide who you rent the property according to your civil status, religion, race, sex, or skin color.