San Fernando Valley Houses For Sale- Qualities and Characteristics of Potential Tenants

Deciding to rent out a home can be a difficult decision for many homeowners to make; one that is not made lightly.

In light of recent housing market trends, many homeowners have to down grade their current homes, or homes that were once for sale are now up for rent.

Other times it is for an investment purpose; a form of retirement savings if you will.

No matter the reason why you are renting out your property; a good quality tenant can help look after your investment

But how do you go about doing that? There are the obvious things you will want to look for; such as verifiable income. Income is not limited to money received from a job: retirement benefits, SSA/SSI payments, spousal and/or child support; are all examples of verifiable income.

Bounced checks and delinquent payments will show up on their credit reports; make sure you run their credit.

Have they rented before? If so call previous landlords; they have been there and done that. Ask the previous landlords if the applicants paid their rent on time, how they kept the property, how much of their security deposit they received back. Also be sure to ask if they are related to them in anyway. You’d be surprised how many glowing recommendations you will get from mommy or daddy.

If you are on the fence about renting to someone, or you have multiple qualified applicants; examine how they have handled themselves during the application process.

The following are some characteristics to be on the lookout for in a potential tenant:

* They were late to their scheduled appointment to view the home. Depending on the circumstances, their lateness could translate to being unconcerned about inconveniencing others and perhaps not fulfilling personal obligations; such as paying rent on time.

* Potential tenants are very difficult to get a hold of. Messages left for them take several days to be returned. This could be your first indicator of hard to reach tenants. Maintenance issues arise with rentals; if your repair persons cannot get a hold of your tenants in a timely manner, the delay could create more extensive repairs to be required.

* They, and their children if applicable, were not respectful of your home when they viewed it: running through the house, opening and slamming doors, yanking on curtains, etc. If they aren’t respectful of the home with you present, imagine how respectful they will be once you are gone.

Renting out your property is a huge decision, and deciding who to rent your property to is an even bigger one. Hopefully this article has helped shed some light on such an important choice.

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