Locating and keeping good tenants is crucial when you buy an investment property, so a little caution during the screening process can save you a lot of headaches later on.
Intuition plays a role in a landlord's decision‑making process but it is very important to follow up on your intuition by checking on the facts. Ask your local REALTOR® to have prospective tenants fill out an application that includes both employment and personal references as well as the name, address and phone numbers of previous landlords. The application should also include written permission for you to run a credit check, if the prospects have not already provided a current one.
In most areas it is difficult and expensive to evict someone who turns out to be less than a model tenant, so it is wise to conduct a thorough check of references and credit history. You should always work with a licensed REALTOR® who possesses a solid reputation for screening tenants as well as a familiarity of contracts for your protection.
Once you have found your new tenant, review all documentation and property requirements together before they take occupancy to ensure that you have no miscommunications down the road.
For a professional real estate consultation with a friendly approach based on honesty, integrity and positive results, please contact Samantha Nichols direct at 508-726-1870 or email at Sam@SamanthaNichols.com. ERA Belsito and Associates is conveniently located at 100 Court Street in Historic Downtown Plymouth, MA 02360.
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