One of the hardest things about being a landlord is finding good tenants! Talk to anyone in the Indianapolis property management industry, and they’ll tell you that it’s difficult to find reliable tenants by the luck of the draw. That’s why Real Property Management Indianapolis Edge has a proven tenant screening process in place to protect you and your property. With our comprehensive list of qualifications for tenants, we ensure that rental property owners lease to more responsible tenants. Here are a few things you can do to place more reliable tenants.
Have Every Potential Tenant Fill Out an Application
Yes, even if you know your potential tenant, you should have them fill out an application. You can ask for personal contact information like phone number and email address, as well as Social Security number to perform a criminal background check. The application should also include a place to list employment history and residence history to look for patterns of behavior. You can see if the person switches jobs a lot or doesn’t seem to stay in one place very long. Often this is indicative of an unreliable tenant.
Call Past Landlords
A previous landlord is much more likely to be honest and straightforward with you about his or her experience with your tenant applicant. Indianapolis property management can ask questions like, “How often did the tenant pay rent? Was it always paid on time? How clean was the property while the resident stayed there? How about when they moved out? Was there any extensive property damage? Did you receive any noise complaints about the resident?” All of these questions can help you determine if this is the kind of tenant you want leasing your rental property.
Make Sure Tenants Can Afford the Rent
You don’t make money if your tenant doesn’t have enough money to cover the rent. There should be a combined tenant income of at least three times the rent rate to ensure you get paid every month.
At Real Property Management Indianapolis Edge, we conduct all of the above processes, as well as perform credit checks and criminal background checks on every tenant applicant. We believe that these types of preventative measures make us the leader in property management. Indianapolis rental property owners can trust our 20 years of experience and professionalism in everything that we do. Give us a call today.