The Best Strategies for Evaluating Potential Tenants

Introduction

As a property owner, the most common method I used to evaluate potential tenants was through a rental application, which I did not charge for. Although my gut feeling and checks like local sheriffs records played a significant role, I always made an effort to go beyond the obvious. This practice has taught me that good renters are indeed hard to find, and a multi-faceted approach is essential.

The Traditional Method: Rental Applications and Background Checks

Typically, property owners look for information such as:

References: Personal or professional recommendations from a tenant's previous landlords or employers. Proof of Income: Evidence of stable financial standing, usually in the form of pay stubs, tax returns, or employment letters. Credit Scores: A measure of a tenant's financial responsibility and reliability.

These are valuable tools, but they often only give a snapshot of a person's financial and social standing. They don't necessarily reveal their behavior or cleanliness, which can be critical factors in renting a property.

A Different Perspective: Meeting and Observing

Recently, a wise client of mine introduced me to a unique approach. She suggests making an effort to meet or walk a potential tenant to their car and observe how clean it is. This practice has become part of my regular routine, allowing me to see beyond paper applications and credit reports.

Why a Clean Car Matters

My client observed that a clean car could be a strong indicator of a clean and dependable tenant. When a person takes the effort to clean their car, it suggests that they are responsible and careful with their belongings. This behavior often translates to a more careful attitude when it comes to maintaining the rental property.

Practical Tips for Evaluating Tenants

Personal Interview: Conduct a thorough conversation with the applicant about their past rental experiences, job history, and living habits. Listen carefully to what they say and pay attention to their demeanor. Verify References: Call previous landlords or employers to obtain detailed information about the applicant's past behavior and reliability. Background Check: Conduct a comprehensive background check, including criminal records and eviction histories, to ensure the tenant has a history of good behavior. Inspect Their Car: If possible, meet the tenant at their car or ask to see it. A clean and well-maintained car can be a telltale sign of a responsible individual.

Conclusion

Evaluating potential tenants effectively requires a combination of traditional methods and unique insights. While rental applications, background checks, and credit scores are invaluable, observing a tenant's behavior, such as how they keep their car clean, can provide additional context and help you make a well-informed decision. Remember, finding good tenants is challenging, but with the right approach, you can increase your chances of success.