There are some bad tenants in Richardson Texas and this is why it is good to consider some factors when deciding whether or not to rent your property to a certain tenant. So without further ado, here are tips on how to find a good tenant for your rental property in Richardson Texas:
Choose a person with good credit
It is always a good idea to rent your property to someone who is financially responsible. This will help you avoid those tenants who don’t pay their rent on time. When someone is responsible with paying their bills, it means that they are more likely to pay their rent in a timely manner.
To find out whether or not a prospective tenant has good credit, ask for copies of his or her pay stubs, run a credit check and ensure that his or her monthly income is about 3 times the monthly rent.
Ensure that you do a criminal background check
You can find criminal information at a courthouse and all you have to do when running a criminal background check is to key in the prospective tenant’s name and their date of birth.
A prospective tenant with a criminal record may not make a good tenant and it is good to avoid them by all means. Since doing a criminal background check can be time-consuming, it may be a good idea to let a tenant screening company perform the check on your behalf.
Look at the rental history of the prospective tenant
Talk to at least two landlords who had rented their rental property to the prospective tenant. This will help you avoid renting your property to problem tenants.
Find out whether or not the tenant paid their rent on time, why he or she moved out, how they took care of the previous rentals and how respectful the prospective tenant was to his or her neighbors. However, if the prospective tenant is a first-term renter, ask for a co-signer for the lease.
Trust your instincts
After doing all the tenant screening, you should let your instincts help you make an informed decision. At times, you feel like a certain prospective tenant is not honest or may not make a good tenant, then it may be a good idea to take your time and consider your instincts. I always advise landlords to trust their screening but also trust their instincts when determining whether to rent their rentals.