A lot of landlords get nervous when their property has been sitting empty for a while, and they want to pick the first tenant that comes along. Be very careful when doing this, as it can be a dangerous way to get a very high vacancy rate on your properties.
It is important to set clear qualifications of what is acceptable or not, and do not ever deviate from them based on your gut, or based on the fact that your properties are vacant longer. Make sure that all you tenants go through proper procedures. Also, it is very important that you abide by the laws. Know what you can and cannot ask a tenant, and treat everyone the same. Having proper procedures of how you run your application process is very important.
When you’re looking for a good renter, it’s not enough to trust your instincts, or even to go on a referral from a friend. “Landlords get in trouble when they are in a hurry to find tenants and when they feel sorry for someone,” says Cain. – Money
Our tenant selection process includes checking:
Social Security Number
Date of Birth
Social Security Fraud Search
30-90 Days Late
Sex Offender Registry
National Criminal Alias Search
National Eviction Lookup
Empire Industries is the highest rated Houston property management company. We don’t cut corners and are staffed with only the best personnel who operate at the highest level. They will make sure that you and your investment are well cared for.