Finding great tenants for your rentals properties can be like panning for gold. You have to sift through a lot of dirt to find the one that’s worth your time and energy. However, you can optimize your tenant-finding process by using these three tools:
- Online screening packages. One of the most common tools is online packages that will screen your prospective tenants to varying degrees. Services like tenantscreening.com come at a price but can be well worth the money if they save you an eviction process.
- Comprehensive renter applications. Put together a detailed rental application. It’s a fairly common tool but if you tweak yours to make it specific and emphasize professionalism it will weed out a lot of unprofessional renters.
- Facebook. The social network giant can be helpful in the tenant screening arena, too. Log on and look up your prospective renter. Even if most of their profile is hidden by secure privacy setting what you can see will tell you a lot. And if they don’t have any privacy settings on their account, you’ll get even more information.
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Andy Werner
Real Estate and investing have been my passion for over 15 years. I love transforming a broken down distressed property into something that is fresh, updated and modern. My real estate investing career began in foreclosures, but I have also built new, worked direct with sellers, apartments, condo conversions, rentals, wholesale, commercial etc.