Have You Heard Stories about Bad Residents?
You know what I am talking about—tenants who fail to pay their rent on time, intentionally damage your property, are always complaining, etc.
Your residents can make property ownership a rewarding or frustrating experience. Therefore, when looking for residents you should take the selection process very seriously. When it comes to property ownership, actively screening your residents is absolutely essential.
Tips for Finding Ideal Residents:
When screening for residents, it is pertinent that you conduct a background check and that you actually call previous property owners (not just the most recent one) to learn more about that property owner’s experiences with the potential residents.
Along with calling previous property owners, it is also recommended that you have a face-to-face interview with each resident that you are considering. These interviews can provide valuable information about whether or not these residents are a good fit for you and your property—going well beyond what you can get from a paper application.
Plus, make sure you review the credit history and confirm current employment to increase the chances of finding a resident that will make rent payments on time every month.
Hire a Property Manager in Birmingham, AL to Screen Residents for You
If you simply do not have the time or desire to manage your properties, then you can always hire a Birmingham property manager to do everything from screening possible residents to collecting rent and scheduling maintenance.
Property managers can make your property ownership a lot easier on you while freeing up some of your time to allow you to continue looking for investment properties.
At the end of the day, who you choose as your residents are incredibly important.
Therefore, make sure you take the screening process seriously—if you do not have time or desire to conduct a thorough screening process yourself, then hire a property manager to help you ensure that you are finding quality residents.
Matthew is the CEO of Evernest. He is a student of the book Good to Great and is passionate about building the best property management company on the planet (and maybe even the universe if Elon Musk will hurry up). You can usually find Matthew at the baseball field with his son, at a dance recital with his daughter, or at his favorite restaurant with his wife, when he’s not in the office. And if you can’t find him in any of those places, it probably means he’s traveling.
Ready to speak with our sales team?
Start the conversation!