When needing your properties to be sold, finding the right real estate agent is very important. This will determine the success of the over-all transaction. You sure want to make the most out of the deal, right?
Tenant screening protects your property and your investment, and it all starts with a simple application.
An application can tell you everything you need to know about a potential tenant. You can use your application to learn whether the tenant will be able to pay rent and utilities, if they have a steady job, or what kind of family they have (with or without pets).
If you want to run a background or credit check on a tenant, you can let them know what is expected in your application. But make sure that information is easy to find and understand. The tenant should mark or sign their permission for you to carry about these checks.
What Should I Include in My Renting Application?
You should make your application as detailed as you need to find out if a prospective tenant is going to be a good fit. Don’t worry about making it too long. If a tenant is serious about renting, they’ll take the time to fill out the entire application.
That said, here are some of the main questions you should include:
Employers, current and previous: This lets you know if the tenant has a secure job or if they have changed jobs frequently. They should provide contact information so you can call their employer if you need to.
Level of Income: You need to know they can afford rent and other living expenses. You should also ask for any other financial information, like bank accounts and credit cards, that will help you determine their financial situation.
Previous Landlords: Any information about where they rented previously, how much they paid for rent, and reasons for leaving should be included. Again, get the contact information of past landlords so you can give them a call.
Occupants: You should ask how many people will be living there (adults and children) and whether or not they have any pets.
Relevant Personal Information: This is things like full, legal name, phone numbers, email addresses, etc.
Where Do I get an Application?
You can usually find sample applications at your local real estate association, but you can also make one yourself.
What to Do Next
Once you have all that information, spend some time reading it and following up.
Call Past Landlords
Ask questions about whether the tenant was able to pay the rent consistently, if they have any current debt with the landlord, or if the landlord would rent to them again.
Do a Credit Check
This will show you a tenants credit history for the last several years. You can find out if the tenant has maxed out cards, looming debt, or carried loans that will make them struggle to pay rent.
Do a Background Check
You don’t want to risk putting someone who could be dangerous in with your other tenants. It’s not safe for them or you. You’ll probably want to avoid people with a criminal record or people who have been sued for things like unpaid rent in the past.
Talk to Employer
The employer can tell you if the tenant has a stable job and how much they currently make.
Conduct an Interview
Interviewing possible tenants will let you get a sense of their personality. You can also find out more about their lifestyle and whether or not you think they’ll be a good fit for you and your other tenants.
You have access to the internet and can just pull up all of the local online listings, right? If only it were that simple.
Sure, you can find a home on your own. But actually buying it can be a completely different story.
You will definitely want to hire an agent if you’re in a hyper-competitive real estate market (and it seems most places are these days) and are likely going to enter a bidding war.
It’s not always the dollar value in the offer that makes the sale; it’s the way the offer is presented. You need to hire an agent who has proven experience fighting in and winning, bidding wars.
An agent can be there to present your offer in person, which shows you’re serious. They’re also there, and accessible if changes need to be made. They’re there in the trenches, fighting for you.
Trying to win a bidding war by yourself can cost you your dream home.
You’re Selling a Home
You may fool yourself into thinking you can sell your own home, and pocket the money you would have to “waste” on a realtor’s commission. Particularly if you’ve been through the home sales process before.
Well, the process isn’t as straightforward as you may think.
And most importantly, you may have an idea of what the home sales process is. But you have no idea how to sell a house, from a marketing perspective.
Your agent should be an expert on how to properly showcase your home, and all of it’s selling points. You may know your home’s feature’s and benefits, but you don’t know how to sell them.
The best case scenario is their house goes unsold for a few months, and they eventually come to their senses and bring in professional help. The worst-case scenario may be that they make an expensive mistake that costs them thousands.
So make the right decision, right from the start. Working with a realtor to sell your home almost always leads to a faster closing process and a higher asking price.
Let Us Help You Hire an Agent
We can help you find the perfect real estate agent in your area, whether you’re buying or selling a home.
Using the internet as a way to get our various needs has been growing very common nowadays. When it comes to real estate property sector, this is also not new. Through the website of efindagent.com you will be able to find the agent that will be most suitable based on your needs.