Finding an ideal renter is property manager’s biggest concern and challenge. Finding someone who pays rent in time and plans to have a long-term stay is not a piece of cake. Let’s have a look at some pro-tips to make this hunt easy!

What qualities shall you look for in a renter?

Before making any advertisement, it is better that you realize what qualities are you looking for in a renter. Some of the characteristics a renter must have include:

Sufficient and stable income
Good credit rating
No history of expulsions
On-time rent payment
Keeps proper maintenance
Ides by the rules and regulations
Maintains good relations with tenants and neighbors

Make creative advertisements!

Use your above-mentioned qualities to make advertisements and reach the right audience. You can start your advertisement with local papers and online sites, but for a true effort, you should add creativity in your ads.

The basic and must-to-mention aspects in your advertisement include that the property is

Far from the street noise
within walking distance of great schools
near the neighborhood park
public transportation is easy to access
commuter routes are easily accessible

Do proper screening!

Every tenant is concerned about his investment. Therefore, in order to make sure that the investment is in safe hands, it is necessary to do proper screening. You should ask questions in your conversations regarding all the qualities you look for in a renter as are mentioned in the list above. If the tenant is transparent and has nothing to hide, he’ll answer you smoothly and will not hesitate at all.

It is preferred that you make every potential renter to fill out an application form. Along with the form, you should also run a credit check and demand a proof of employment from them. Look out for certain red flags such as:

poor credit history
lots of job switches
multiple migrations in a short time

This might appear a lot of work, but once you realize its significance, you’ll definitely consider it as a part of your investment. You can also take help of certain property management software to aid you in the screening process. AppFolio Property Manages is one of these softwares!

Thus, making use of such technology and trusting your experience and instincts, your hunt for an ideal renter will be a lot easier and productive.

If you’d like to talk more about the value of inspections, or you need help with Everest Property Management, please contact us at Everest Realty.

Our Service Areas

Palm Coast Property Management
Flagler Beach Property Management
Ormond Beach Property Management
St. Augustine Property Management

Author

Terry Mrochko

As a top producing Realtor and Property Manager; Terry specializes in sales, extensive construction homes, rentals, REO’s, short sales, and all aspects of Real Estate. After graduating the University of Michigan with a master in MBA, Terry continued his endeavor and now has over 15+ years of experience in the Real Estate world. If there is anything that has to do with Real Estate and sales, you can always be sure of Terry to provide important, specialized knowledge.