Use a home rental application collecting the required information to perform a complete tenant screening process. The fee for this service is typically charged to the tenant.
Engage the services of a reputable tenant screening company.
Order a complete report, including credit history and score, tenant history, employment verification, eviction search and nationwide criminal search. In most cases, the tenant pays the fee for this service.
Set your boundaries and policies before attempting to rent your property. Don’t be a charity for the many stories you are apt to hear. Rent to financially stable, good rental history, clean background persons. Do not make exceptions.
Make your expectations known clearly and up front before making an offer to rent. Do you allow pets, inside or outside smoking, date the rent is due and payable, late fees, tenant lease term, yard care, guests, payment of utilities. Each one of these items and others you may include must be provided in writing, signed and agreed to by all parties. No exceptions can be made to this very important policy.
Use a detailed form as a move in condition. This form is to note each and every defect the property has prior to moving in a tenant. You can go through the property with the tenants or allow them to fill out the form sending it to you within a set time limit. Take photos or a video of the property showing the defects along with the move in form. These items can be of great assistance if you end up in court. Save every piece of documentation.
If the renting process seems to overwhelming hire a property management company to compete the renting process for you. Inquire in your area, locating one best suiting your needs.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
Sunday, January 31, 2010
Sunday, January 24, 2010
LOCKSMITH
When renting a new home whether it be newly built or a residential rental home or apartment home make sure your locks are rekeyed. You’re Realtor or Property Manager should have rekeyed the door locks after the previous tenant vacated, but to be sure, this very important job is completed, contact a locksmith and do the job yourself. Be sure to have the locksmith rekey the current locks and make additional keys for the property manager. If you neglect to give news keys to the property manager the responsibility for the cost to rekey the property a second time could easily be yours.
Property Managers are to rekey their properties every time someone moves out but many don’t due to the expense. Tenants should take on this task to reassure themselves it has been done. Providing the manager new keys, as well, is a very minimal cost.
Look through the phone book for a local locksmith or ask your new neighbors or property manager for their recommendation; it’s worth every penny for the added security.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com/
Mountain Ridge Property Management
Your Boise Rental Home Resource
Property Managers are to rekey their properties every time someone moves out but many don’t due to the expense. Tenants should take on this task to reassure themselves it has been done. Providing the manager new keys, as well, is a very minimal cost.
Look through the phone book for a local locksmith or ask your new neighbors or property manager for their recommendation; it’s worth every penny for the added security.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com/
Mountain Ridge Property Management
Your Boise Rental Home Resource
Wednesday, January 13, 2010
How to Screen a Tenant
When locating a prospective tenant use great caution in screening out the problem tenants and troublemakers from quality tenants.
Search for tenants that pay their bills on time, follow the rules, and are hassle free for the neighbors and especially the property manager.
Be sure your rental application asks for the following information:
References: Should include references from landlords or property managers for a minimum of the past 3 years.
Income: A tenants income should be three times or more of the monthly rent. Roommates should qualify separately. The reasoning is if one occupant should move out the remaining tenant can afford the rent solely on their own.
Evictions: Permit no evictions, no matter the situation.
Criminal Records: Allow no tenant or occupant with a criminal record consisting of a felony drug conviction, violence of any kind, or sexual misconduct on any level to live at your property. Failure to check every tenants criminal record could result in the occurrence of criminal activity at the property and mean any illegal activity could end up as your responsibility and a future lawsuit.
Credit Report: A credit report should be clean of collections, judgments and late payments. With today foreclosures, some re-evaluation in this area may be necessary. But, be cautious.
Verification: Be positive of each person living at your property. Get a photo ID of each person 18 years and older. Know the names and ages of each minor person under the age of 18.
Review your Rules: Review your policy for no animals, no smoking, etc. Making sure the prospective tenants are clearly aware of and understood the expected behavior when renting your property.
Date and sign each page of the application. Do your homework, screen each occupant and the chances of locating a great tenant will be in your favor.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Mountain Ridge Property Management
Your Boise Rental Home Resource
Search for tenants that pay their bills on time, follow the rules, and are hassle free for the neighbors and especially the property manager.
Be sure your rental application asks for the following information:
References: Should include references from landlords or property managers for a minimum of the past 3 years.
Income: A tenants income should be three times or more of the monthly rent. Roommates should qualify separately. The reasoning is if one occupant should move out the remaining tenant can afford the rent solely on their own.
Evictions: Permit no evictions, no matter the situation.
Criminal Records: Allow no tenant or occupant with a criminal record consisting of a felony drug conviction, violence of any kind, or sexual misconduct on any level to live at your property. Failure to check every tenants criminal record could result in the occurrence of criminal activity at the property and mean any illegal activity could end up as your responsibility and a future lawsuit.
Credit Report: A credit report should be clean of collections, judgments and late payments. With today foreclosures, some re-evaluation in this area may be necessary. But, be cautious.
Verification: Be positive of each person living at your property. Get a photo ID of each person 18 years and older. Know the names and ages of each minor person under the age of 18.
Review your Rules: Review your policy for no animals, no smoking, etc. Making sure the prospective tenants are clearly aware of and understood the expected behavior when renting your property.
Date and sign each page of the application. Do your homework, screen each occupant and the chances of locating a great tenant will be in your favor.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Mountain Ridge Property Management
Your Boise Rental Home Resource
Sunday, January 3, 2010
Search and Research
So you are ready to move into your own place. First, you will need to decide where you’re going to live. Here are some considerations that should be taken into account. Distance from work, school, church, family, friends and the cost of commuting versus convenience to your favorite locations.
First, the distance between your prospective rental home and where you work is very important. How do you plan to get to and from work? Will you be walking, biking, riding the bus, car pool and how long of a commute are you willing to make? What amenities are in the area and are they safe and reliable?
When first visiting a potential apartment or house, notice how it feels. Are you comfortable outside, as well as, inside? Is the neighborhood clean and well maintained? Speak to the landlord and any neighbors to gain more insight into the area. Do your homework and feel comfortable about your new home.
Spending time doing some research will pay off with staying longer at this rental property and be much happier living there too.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
First, the distance between your prospective rental home and where you work is very important. How do you plan to get to and from work? Will you be walking, biking, riding the bus, car pool and how long of a commute are you willing to make? What amenities are in the area and are they safe and reliable?
When first visiting a potential apartment or house, notice how it feels. Are you comfortable outside, as well as, inside? Is the neighborhood clean and well maintained? Speak to the landlord and any neighbors to gain more insight into the area. Do your homework and feel comfortable about your new home.
Spending time doing some research will pay off with staying longer at this rental property and be much happier living there too.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
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