To effectively choose and place a good tenant, you need to do a bit of digging around. The first step in sourcing tenants is to have them fill out an application that includes all of their personal and contract information. Make sure you also get written permission to conduct a full background and credit check. Once you have that, you can begin your screening process.
Conduct Online Tenant Research
Check out your prospective tenant’s digital footprint. Visit Facebook pages, Instagram accounts, and other social media platforms. Do a Google search and see what you can find out about their lifestyle, their habits, and whether they have pets and children.
Visit the Current Residence
One good way to know how a tenant will treat your rental property is to visit the property where that tenant is currently living. If you drive by their residence and you see that it’s damaged and a mess, you may want to reconsider renting to that tenant. Don’t be afraid to knock on the door and ask to discuss their application. This will give you an opportunity to look around and see whether they’re taking good care of their current home. Ask to use the loo and try to take a peek at the kitchen.
Talk to Real References
When you receive landlord and employment references, make sure you’re talking to actual landlords and employers, and not family and friends. You can search the phone numbers that are provided online to make sure you’re talking to the right person. Ask for information from the applicant’s boss on how long the tenant has been employed and how much income they earn. With the right questions, you will soon work out if it’s a legitimate reference.
Conduct a Background and Credit Check
It’s worth the money to pay for a full, multi-bureau credit and background check. You should also check tenancy tribunal orders and criminal records. Look for evidence of company ownership, check Work and Income (WINZ), and make sure you have information for all residents and vehicle information. You’ll need to know who will be living in the property, and you’ll want the year, make, model, color and registration number of the tenant’s vehicles.
Before you hand over the keys to your rental property, it’s important that you have a good understanding of the people who will be living there. Take your time in checking out tenants, and only approve those who are well-qualified and have a history of positive rental experiences.
If you have any questions or need any help with tenant placement, please contact us at Stake Property Rentals.