3 Tips to Find the Best Tenant for Your Rental

We leverage state-of-the-art equipment and proven strategies to conduct comprehensive screening so that you get lasting tenants who pay on time. While taking on these tasks on your own may seem like a cost-effective idea, you risk losing thousands of dollars in the future if you rent to the wrong person. Here are some tips our team of experts recommended to ensure you get solid lease agreements.

Know Where to Advertise

Where you post the ads for your rental property plays a critical role in reaching your target audience. With all the numerous sites offering to post your advertisement at a fee, it can be difficult to determine which one guarantees high-quality tenants. Doing research before making up your mind on where to advertise is advisable, and consulting property management professionals can help.

Ensure your ads have all the vital elements, such as photo, description, location, price, and special features. 3 Options Realty has extensive industry knowledge and expertise, ensuring all your ads are target-specific and posted on credible sites. Aside from digital marketing, we conduct thorough research to ensure the most effective medium of advertisement is used, from fliers to local newspapers.

Complete Background and Credit Check

Whether you post your ads on the internet or in the local newspaper, ensure you conduct an in-depth screening process without bias. Even if the potential renter is a close acquaintance, you must maintain the same scrutiny level to avoid discrimination claims and legal action. If you don’t want tenant-related issues, hire a property manager to review applications and conduct complete background checks.

Another vital aspect to focus on when assessing renter viability is credit. The last thing any property owner wants is renting out to a tenant who’s not financially stable or reliable when it comes to on-time payment. As a certified property management company, we have access to specialized systems that allow us to check a person’s credit to determine if they meet the requirements.

A Solid Application and Lease Agreement

Finally, ensure you have a solid application and lease process to set a precedent for living in your property. While it is easy for landlords to go through applications, there’s a lot to do before signing the lease, and 3 Options Realty can help. Ask prospective tenants to provide pay stubs or referrals from previous tenants during the application process for peace of mind and reliability assurance.

We can ensure the lease includes all the pertinent information to prevent future infringements. Contact us today for comprehensive credit and background checks and schedule an appointment with our team of experts. 3 Options Realty is your go-to property management company for quality services at competitive market rates.