Hey everybody. Matthew Whitaker here.
I’m gonna do another installment of Questions Owners Ask. Today’s question is, how do I know what a good tenant looks like?
So, the first thing I want to talk about is a history of paying their bills on time. There’s a lot of landlords that actually won’t even look at credit score like they don’t think it’s very important.
I think this is really silly because like credit score is just a reflection of how well they’ve paid their bills in the past.
And I mean huge companies use credit score like mortgage companies and car finance companies, and for landlords to just basically brush it off like,
“Oh I don’t look at credit score,” it seems kind of weird to me.
So, I think you should look at the credit score. I think you should see if they paid their bills in the past.
Second thing is, do they have any outstanding debts with previous landlords or management companies?
If you get a credit report you can literally see sometimes they may have decent credit but they have landlords that that they’ve left owing money, maybe a couple hundred dollars here or a thousand dollars there but I mean do you want that to happen to you?
Do you want them to leave owing you money? Obviously not.
The third thing is, do they pose a threat to your home, like do they tear up houses or do they pose a threat to the community, like the people around?
Oftentimes we do criminal background checks. I know a lot has been said about criminal backgrounds lately from a fair housing standpoint.
Obviously, don’t want to do anything that’s against fair housing but want to make sure that you’re not moving someone in that could be a threat to the house or a threat to the people who live there. So, that’s it.
That’s what I think a good tenant looks like.
Obviously, one that pays the bills and takes care of the home and is a good neighbor to the people around them.
Thank you so much.
Matthew Whitaker with Questions Owners Ask.