If you’re the owner or the manager of a rental property management in San Diego, you may already know how important it is to choose most qualified resident for your rental property. There are all kinds of disaster stories about choosing the wrong sort of tenant, and how that can make your life miserable. Given the fact that it is so crucial, just how do you go about choosing the best possible resident for your rental properties? Below you’ll find some tips on how to pull this off, so you can both enjoy a harmonious relationship during the tenant’s stay.
Set your acceptance criteria
Right from the very beginning, you should establish what your expectations are for any new tenant. This includes the screening process, and you should decide right off the bat how you will select the right tenant. Whatever criteria you establish, be consistent in applying them so no one will be able to question your process. Also decide on most qualified resident for your rental property whether you will accept candidates who are 75% qualified, 50% qualified, or whether you will require 100% synchronization with your acceptance criteria.
Keep emotions out of the picture
Many landlords have a tendency to let their emotions make decisions for them. This is a mistake. Anyone can come to you with a hard luck story that might influence your decision, and the story may or may not be true. If it isn’t, you could be letting yourself in for some major problems down the line – especially since the candidate began the relationship with a deception. Remember that property rental is a business, and working with the best property management in San Diego is important. That means keeping your emotions out of the picture when making any important decision. Instead, rely on all the data you collect about a specific candidate. This includes their work history, their income, their previous tenancy, their references, and any information you obtain during interviews. With this kind of data, you’re always on much more solid ground.
Verify everything
You can be trusting up to a point, but you’re always better off verifying everything when it comes to choosing the right tenant. That means you should personally check all the information that is provided on a tenant’s application. It might mean making a few phone calls or doing some additional checking, but in the end it will be worth it. If you fail to carry out this critical step, you’re opening yourself up to a potential disaster. You might very well discover later on that a particular applicant falsified information in order to be approved for tenancy.
By failing to conduct a thorough background check on an applicant, you might run into serious trouble. It could happen that you accepted a bad tenant who consistently fails to pay rent on time. It might be a person who feels no qualms about damaging your property. Trying to remove a bad tenant is always a major hassle, because tenants’ rights are protected by law, and you’ll probably have to go through a messy legal procedure. Make sure to double-check data right in the beginning, and you’ll probably end up with the kind of tenant you hoped for.