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Tenant Screening Will Help Earn Great Deals from Tenants

Sep 15, 2008
If you want to avoid landlord vs tenant problems in the future, a thorough tenant screening will be a good solution. To get the right tenant for your real estate property, start up with your tenant screening process.

You will be able to make your choice as per your rent requirements. About 95% of the tenant problems get eliminated during the screening round. So if you are looking out for a good tenant for your home, start off with the tenant screening process today.

Here follows some steps for tenant screening:

- The tenant screening begins right from the first contract. You need to prepare a questionnaire for the prospective tenants as answers to those will help you in deciding who to give your apartments for rent.

- You need to observe the tenant's manners and attitudes, his appearance, whether his car is clean, whether he is interested in your real estate property, can he take decisions fast, etc. All these will give an idea on whether you can earn great deals from the tenant.

- The next important thing is that the application forms for real estate property have to be completely filled up by the applicant. Make him know that you will inform him once a decision is taken by you. Review the application thoroughly.

- In case you run a credit report on the applier, it is advisable that you take a screening fee. Also, ask the prospective tenant to get back with the complete application as soon as he can; otherwise he may loose the property.

- Make your choice judiciously and once you choose someone, congratulate the applicant and let him know about the date, place, and time of signing the lease contract. In case you want to make special concessions, also inform the tenant about it.

- Make it a point to inform the tenant that the possession of the real estate property will be given to him only after the clearance of necessary payments.

- It is essential that both you and your tenant should read out every single term and condition given in the lease contract forms for real estate property. This will ensure that whether the tenant wants to go by those or not. It he does not, you can start for a new search.

Following these simple steps will surely help you in a big way. In case you are unsatisfied with the approach of a tenant, do not get into any sort of deal with him/her.
About the Author
Prue and her 1-of-a-kind site at http://www.realestatebloom.com (where else?)helps you to make money in ways you've never known. Discover how to be a millionaire making money via real estate investment within days, even in a down market!
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