Warning Signs of a Potential Problem Tenant
If you are a landlord or real estate agent, you know that checking a potential tenant’s bank, credit, background, landlord references, and employment information can help you determine whether that person would be a good rental prospect. If the potential renter has shown a history of paying his or her rent on time, that person would make a good tenant, right? Actually, there are other signs that could indicate a tenant who might not become a problem.
Everything else about the applicant appears to be okay so we sometimes ignore these warning signs. Many other times, we are in such a hurry to get the unit back on a paying basis, we go ahead and rent to the person anyway.
When your applicant begins to make a series of statements or excuses of why he or she cannot comply with your requests for information, you may have a potential problem renter. In these instances, you really need to explore further and ask to follow up questions.
Ultimately, as a landlord or property manager, you won’t always know what type of tenants you will be dealing with until you’re in the leasing process. However, Instant Tenant Screening should give you an idea. Past behavior is a likely dictator of future behavior. Remember to always clearly state the expectations and outline the consequences of breaking the rules in the lease agreement. As it is a legally binding document, it can guide and protect most any situation you encounter.
One of the easiest ways to address tenant problems is to avoid them altogether. To ensure you get the information you need we’ve created a download that shows you the 9 Most Effective Methods To Reduce Tenant Problems. Get your download today!
You may want to review some other warning signs of problem tenants as well, see what else you can do to address those issues: