Finding A Great Tenant For Your Rental Home
If you are moving and need to find a great tenant for your rental home, you might not know where to start. We are going to give you a step by step process to follow.
Whether you just got a job out of state, or you had an unexpected change in income that requires you to downsize, you will need to find someone to occupy your home that is going to respect your home and maintain its condition. You also need to find someone who is going to be reliable with rent payments, especially if you still have a mortgage payment on the home.
So is it sufficient to put up a for rent sign in the front yard of your home for rent
and let the first person to come along and show interest rent your home? You could take the chance, but you have a much higher risk! This is because you might not know much about this persons background, income, or rental history.
Let us show you a good process to follow to ensure you find a great tenant for your rental home.
1. Place advertisements with photos on rental listing sites:
There are quite a few popular sites that people go to when looking for a home or apartment for rent
. Craigslist, Zillow, and Trulia are some popular ones nationally. Getting your home seen by as many eyes as possible increases your chances of finding more interested renters, which leads to an increased chance in having a highly qualified applicant to choose to rent your home. This is what you are hoping to find.
2. Hopefully you now have some interested people that would like to rent your home.
The next step is to screen all of these applicants. You will want to have a rental application that can be filled out by applicants, either on paper or online. You can find free ones to print out online and some sites allow you to accept applications online. With this application, you will want to ask for source of employment, previous landlords, and any personal references. This will be helpful information to help you get a better idea about an applicant.
3.The final thing you will want to do
is to run a criminal check, credit check, and verify both employment and income with the employer that was providing on the application by the interested renter. There are tools online that will allow you to run these background checks for a small fee, which is well worth it in the long run.
Following this process is going to enable you to find a great tenant for your rental home.
is our guest author for this post. He owns and operates a Property Management Real Estate Agency
in Orem, Utah.
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