Steps To Choose The Best Tenant For Your Rental

Choosing a tenant for your rental accommodation is a big deal and choosing the right one is important as you are going to deal with the tenant for a long period of time, i.e. until he/she plans to stay. The fact and the truth remain the same that there are good tenants and there are bad tenants as well. There are certain aspects that you should look upon before selecting the kind of tenant you want in your rental accommodation and also you should not overlook or neglect services for rent verification. Let us have a look at the aspects.

Make sure that you check the credit score of the client-

You should always choose a tenant with a good credit score. Usually, lenders do not pay attention to the credit score or they do not check the credit score of the tenant but it should be checked for one’s own safety. Good credit scores usually depict that the person is capable of paying the rent on time and has been paying off the debts and bills on time. To check the same you can ask for proof of the income, i.e. the verification on the proof of income should be conducted and the lender can run a credit check on the client before lending the property on rent to him/her.

Check the criminal background of the client-

As a landlord, you should also perform a criminal background check on the person you are interested to rent your property to. A piece of criminal information is a public record and it can be viewed at various courthouses. This check will show you all, i.e. minor or serious offenses. To check the same you will need the name of the tenant and his/her date of birth to run one. Make sure to do the same. You make clear distinctions on who is who

because in this case, people try to falsify the information and present false information on the same.

Look for a stable tenant-

Make sure you look for a tenant who is stable. On the application form of the tenant look for the tenant’s prior addresses and employment history. Check if they move or shift often. If they shift or move often, this pattern is likely to repeat and thus you will have a vacancy again. And thus, you will have to fetch another tenant for your accommodation and repeat the entire process of letting the apartment again.

Look for the history of the tenant-

Make sure that you look at the history of the tenant. If possible you should at least have a word with two of the tenant’s previous landlords. The reason behind this is that if the applicant was a problematic tenant, the current landlord might want to get the tenant off their hands and may not be as truthful. There are certain questions that you should always ask. For instance-

• Did the tenant pay their rent on time?
• Did the tenant complain often?
• Were the tenants respectful of their neighbors?
• Did the tenant serve the notice period?

By asking such questions you will be able to get a confirmation that if you are making the right choice about the tenant or not. Well, you must be thinking of the haste that all the aspects bring along with it. To ease yourself with the same, you can seek help from BetterCapital and get all the services for rent verification. This will not only help you but also you will save a lot of time for yourself and your business which you use to invest in other properties.

For more information, you can visit Real Estate Calculators.