How to Choose the Perfect Tenant for Your Rental Property

the perfect tenant

Are you looking for ways to ensure you find the right tenant for your new building?

Renting is a great way to earn extra cash. However, you want to make sure your renter is trustworthy and dependable.

This article will give you 5 tips on choosing the perfect tenant.

1. Post Your Property Online

The first step in finding a good tenant is creating an online listing for your property.

You need to make your listing as forthcoming as possible. Be sure to clearly state how much rent and utilities will be.

Tell people what the laundry and parking situations are. The more honest you are about your property the more time you will end up saving.

You won’t get dozens of emails from people who need more information. You’ll only get emails from people who are serious about what you have to offer.

2. Set Standards

If you want a good tenant, you need to set standards.

You should have an income requirement for your tenants. For instance, you can make it a requirement that your tenant must earn three times what the pay in rent.

This will ensure you aren’t renting to someone who can’t afford the place.

3. Hold Showings

Showing your home or apartment before renting it is a way to ensure your tenant knows what to expect.

Be wary of anyone who wants to rent your property without seeing it.

At the showing, you can get a sense for what kind of person your prospective tenant is. You can tell if they’re friendly and trustworthy by how they act during the showing and what questions they ask.

4. Conduct a Background Check

If someone is going to be living in your home for a long time, it’s important you know things about them.

You don’t want to rent to just anyone. Conduct a background check to find out if they have any past felonies or misdemeanors that might make you not want to rent to them.

It’s also a good idea to ask for a reference letter from their previous landlord. The previous landlord can tell you if they paid rent on time and how they behaved as a tenant.

5. Don’t Take Down the Listing Right Away

Even if you think you’ve found the perfect tenant, don’t take down the listing right away.

It’s common for tenants to get cold feet before signing a lease. Leave the listing up until after a week after the lease is signed to make sure the tenant you found is sticking.

Thank everyone else for their interest, you never know who might be looking when your space is available again.

Follow These Steps to Find the Perfect Tenant

These steps will lead you to the perfect tenant for your home or apartment.

The right tenant is one who cares for your property and pays rent on time, every time.

Remember to be straightforward with your property listing and to spell out everything clearly in your lease.

Have questions for us? Want to tell us about your experience leasing your home or apartment? Please contact us here.

Unlocking the Mysterious Lease: Your Guide to Apartment Utilities

apartment utilities

Given that more people rent their dwelling now than any other time in the last 50 years, landlords hold an immense power in the current economy.

From added fees, taxes, to apartment utilities, landlords often attempt to pass their costs to their tenants to save money and increase profits. However, this isn’t always legal and often is unethical, especially if it deceives their tenants from paying what they assumed they would be paying.

Here are three questions to ask yourself if your bill seems higher than it should be.

1. Did You Agree to a Fixed Rate?

Your lease should have laid out exactly how much you’ll be paying every single month. Even the most stripped down lease will tell you what you’ve agreed to pay and under what circumstances.

If you got your rent bill and see all kinds of charges and fees, you might have to check whether or not this is legal in your region. Anyone who signs a lease agreeing to pay a fixed rate is only required to pay that rate. Landlords who ask for more are in violation of the law.

Pay the fixed rate that you agreed to. If you have time, seek out a lawyer who can help you. Ask around and look on message boards to see if this is standard or not.

2. What’s the Breakdown?

Check out the actual breakdown of your fees. In some cities and regions, tenants pay water bills on top of cable fees, gas bills, and electricity. In other regions, it’s standards to roll them all into the cost of rent.

New York City rents are often called some of the most expensive in the U.S. However, in most NYC apartments, heat and hot water are required to be provided by landlords no matter what. There are standard temperature requirements and calendar dates that they have to have heat running during.

Depending on where you live, those utilities should be rolled into your rent, not added on top of.

3. What’s Legally Required for Owners to Pay?

See what is legally required for your landlord to pay. If you’re being charged for trash fees, your landlord may be violating the law. Charging their carefully chosen tenants for something that they should deal with is unethical and should be reported.

Call 311 or your local tenant protection services if your landlord violates the law. They must be held accountable. You could be a hero to many of your neighbors for blowing the whistle on your landlord.

Never assume that you’re the only one being hit by a certain fee or an added cost. It’s likely that other people are dealing with it too.

Apartment Utilities Might Not Be Your Problem

In some areas of the country, apartment utilities are the domain of the owner of the dwelling. Rather than having tenants pay, cities and townships hold owners responsible for the costs incurred. If your rent bill seems higher than it should be, ask questions.

If you’re considering turning your home into an Airbnb, check out this guide to ensure you don’t become a bad landlord yourself.

Finding Sun City property management

Sun City, CA is a great place to invest in a rental property. The locale is pleasant and clean, the locals are known as great people and the area is quite popular. A real estate property can do well in Sun City, but even in such an established environment, managing a rental can be a special challenge. Locating quality tenants takes a lot of time and energy, plus monthly collections, property repairs, and routine maintenance can easily overwhelm an owner. In many cases, turning it over to management professionals is the best course of action.

What is Property Management?

Property management is professionally maintaining and caring for real estate rental properties. Managing a rental property can be a difficult, time-consuming operation. Here are some of the most important duties of property management.

  • Locating a good renter. This might seem like an easy task, but getting a bad tenant can be an ongoing nightmare. They can make monthly collections difficult, cause extensive damage to your valuable property, or otherwise break with the contract of the lease. Diligent, careful checks into the potential renter’s history, financial condition and references are necessary to avoid tragic results later on.
  • Monthly collections. If you have good tenants, this can be a simple monthly process. But if you have renters who frequently neglect to pay on time, it can be an ongoing headache. If the tenant becomes a consistent non-payer or violator of your contract, it’s possible that at some point you may need to process an eviction and have them removed.
  • Maintenance and repairs. No matter how new or wonderful the home may be, it will eventually develop some sort of problem and require attention. This can leave a tenant with an urgent need at an inconvenient time, and they will need the means to contact someone for help. Minor issues may be able to wait for a better time, but a major problem may demand immediate attention.

What Does a Property Management Company Do?

If your property is in Sun City, you need a local Sun City property management company. You need a professional team on your side, to diligently manage your rental for you. They can handle all the processes of accepting tenant applications, screening the applicants, performing all the required security and eligibility checks, collecting deposits and getting all the contracts modified and signed. They also collect your monthly rental payments and forward those payments to you. If the property develops an issue, they send a local team to correct it, or contact and schedule a contractor to correctly service your property. Your tenants are satisfied, everyone is happy, and your rental income remains steady.

Property Management in Sun City

To contact a quality property management company, click here for help finding Sun City property management experts. Our management team can take care of all your property needs, and keep your investment producing for you effectively, efficiently, and hassle-free. Turn your management needs over to the professionals today, and let them take care of everything for you.

Property Management Oceanside CA

Oceanside California is a wonderful place to own rental property. Beautiful beaches, plenty of sunshine, excellent surfing and lots of fishing mean plenty of vacationing tourists and local renters too. But if you have tried managing your rentals yourself, you already know what a challenge that can be. Finding good tenants, collecting rent, repairs, maintenance – it can take all your time and energy if you let it. For many owners, the best solution is to turn to the professionals. Oceanside property management companies can help you reign in the chaos.

What a Property Management Company Can Do For You

A good, professional Oceanside property management company can take care of every aspect of operating your rental. They can:

  • Determine proper rental values. You need the best return on your investment, without pricing too high and losing prospects. A management company knows the market and the neighborhoods and can steer you to the best price.
  • Assure you are within all legal requirements. You don’t want to find yourself subject to fines or penalties because you missed a permit or home requirement for your property. Let the professionals handle your legal fulfillments for you.
  • Screen applicants and get renters. The journey to a good tenant can be grueling, but it’s worth every step to avoid the headaches that can come later. A property management company knows the system and the procedure to help weed out the renters you don’t want and get you some solid tenants.
  • Handle all maintenance and followup. Repairs and upkeep are an ongoing process when you own a property. Finding the right contractor, and getting the work completed, can be a challenge. Most management companies have staff and a team of available, proven contractors ready to take care of your needs.
  • Provide 24-hour maintenance contact. A tenant with an urgent problem needs to reach help at all hours of the day or night. Property management companies maintain a 24-hour line for your tenants to call and get the help they need when they need it.
  • Monthly rent and collection services. Chasing down rent payments is no fun, and collecting on delinquent accounts can be a hassle. A good management company will have the staff and knowledge of how to keep the rent coming in and process an eviction when necessary.
  • Monthly accounting. By turning your operations over to a management company, you receive complete monthly statements of all activity on your homes. Keeping up with your money and tracking your investment is easier than ever.
  • Timely payments to you. As the rent is collected each month, the payments are disbursed to you promptly and accurately.
  • Property inspections. A management company property inspector can perform random or regular spot checks on your homes, assuring that the tenants are treating the place properly.

Where To Turn

For a quality, reputable property management experience in Oceanside, click here:
https://www.promisepropertymanagement.com/property-management/areas-we-serve/oceanside/

Trust the Best: Carlsbad Property Management

Finding the best Carlsbad property management can be tough. When you have a lot to protect and revenue to earn, you need to find a property management team that is trustworthy, has deep expertise, is personable, and will cater to your individual property needs. A good strategy is to employ a property management team that is family-run and operated, with deep expertise in the geographic area of Carlsbad, and offers customized service packages to its clients. If you have a valuable asset to protect, a strong property management firm can help insure its long life and profitability.

The best property management teams will not just take on your property, add it to their list of clients, and put it on a revenue sheet. The best Carlsbad property management firms instead take a customize approach to each of their customers. This includes a full assessment of the property to be managed, including market research to determine the best and most profitable rent to charge. In addition, good Carlsbad property management teams will make notations about repairs and fixes required to keep a property “rent-ready” and highly marketable. Finally, strong Carlsbad property management firms will make recommendations to increase the value and attractiveness of your investment.

Carlsbad property managers will take on many different types of buildings and accommodations, and will provide a liaison services between you, the landlord, and the tenants. The best property managers in Carlsbad will offer hands-on landlord services, like communicating with tenants and offering repairs, leaving you without the hassle of constantly handling problems and concerns with the property and its tenants. A Carlsbad property manager can also solve local problems if you do not live close to the area, or need to be out of town for a period of time.

Some Carlsbad property management teams have more connections than others. It’s best to find the firms with the deepest roots in the Carlsbad community, as these teams will often be able to negotiate with their vendors more professionally and successfully, leading to lower costs for repairs and upkeep. Such property managers also learn from mistakes in the past, and often collaborate well with tenants and landlords while maintaining the commercial link between you, the owner, and the tenant.

The North County area in Carlsbad has an active marketplace, and therefore finding a property manager with expertise in property assessment will be vital to protecting your investment. If your property manager cannot accurately determine the fair market value of your investment — thereby under- or over-inflating the value — you might struggle to find tenants, or worse, find disreputable tenants. This could leave you embroiled in litigation or undue hassle. The best Carlsbad property teams will find the right price, charge the correct rent, and make sure to keep your revenue flowing from month to month.

With a volatile market in Carlsbad, it is best to find a property manager that is trustworthy, fair, and assertive in its operations. The North County is competitive, so stay aware of the reputable teams and protect the future earnings from your real estate investments.