With all that’s going on in the world, chances are good you’ve had a few people move in and out of one of your apartment complexes over the last six months. With all that turnover, it can be difficult to figure out which tenant applicants are great options and which tenant applicants are probably best to let go. While picking the best applicant is often seen as something of a science, there is also a bit of an art to it.
If you are interested in learning about the best ways to spot a great tenant, let Insight Screening Solutions break down some simple tips to keep in mind.
This could probably go without saying, but it’s so important that we’ll mention it anyway. Whenever you get an application for one of your units, you will absolutely want to do tenant background check of every person who will be living in that unit. The reason why is because their credit score is representative of how they have managed payments and debt in the past. If they have been able to take out loans and pay them back in a timely manner in the past, chances are good they will be able to pay monthly rents on the unit that is up for lease.
Goals and vision
If you are interviewing a potential tenant informally, try to take stock of what their personal goals for the future are. This will give you a good idea of how driven and responsible they are as adults. If someone has a clear life plan, chances are good they will not have issues paying their monthly rent. If someone that you interview happens to see more aloof and less goal-driven, there may be problems with their ability to hold on to or gain employment. That could obviously cause issues for you and your unit down the line.
Lack of drama
You may also want to try to get a feel for how they run their daily lives. Ask them what their interests are outside of work. if it seems possible that they may have the intention of holding lots of parties or having loud people over late at night, you probably are better off going with some other tenant. On top of that, you may also want to try and find out whether or not they tend to leave town for weeks on end without being easy to reach. This could cause an issue for you down the line if you have to get into the unit, but they are not able to reach by phone, email, or text.
Just like a credit score is a graded indication of how they manage debt and payments, so two is steady employment a great indication of how they manage responsibility. Ask him about their work and see how long they have remained in the industry or with the business that they are currently with. If they have been at it for several years and are rising the ranks of the company, chances are good they will be a fantastic tenant.