A Step-by-Step Guide for Bagging Reliable Tenants
If you’re a landlord who’s been burned by bad tenants before, you know the importance of finding quality renters and how difficult that can be. But it’s not a time to throw in the towel. Statistics show that more people rent their homes now than at any other point in the last 50 years, and that means owning rental properties is a booming business. Here is our step-by-step guide for making sure you get the best tenants.
Present your property in the best light
You might think bagging great tenants starts with the tenants, but that’s not the case. First, you have to make sure your property is a place where a quality tenant wants to live. In other words, good renters have their choice of houses, so what makes yours stand out from the rest? The first way to keep your property appealing is to keep it up-to-date on all repairs. You also need to keep it freshly painted and touch up any areas that start to peel or wear. Lawns should be well-manicured at all times, and it wouldn’t hurt to hire a landscape artist to spruce them up.
Staging a rental home is also a great way to make the home look as upscale as possible. You don’t have to do a lot, but nice window treatments, rugs, and some well-placed floral arrangements go a long way.
Set guidelines for ideal renters
Once you’ve made sure your property will attract quality tenants, you need to decide exactly who those tenants will be. For example, will they have an income which is triple the price of rent? Will they have at least a 650 credit score? You need to set your standards and stick with them in the beginning. This is also the time to decide whether … READ MORE