Owners: 404.937.1850
Prospective Tenants: 770.783.3737

Property Management Blog

Blog for Real Estate Investors, Landlords and anyone interested in rental homes property management, real estate investing and landlording on tips, trick and how-to's of managing and investing in residential real estate.

Property Management: How to Find the Best Tenants

Web Admin - Tuesday, June 16, 2015 - 0 Comments

Property Management: How to Find the Best Tenants

One of the most important elements of operating a rental property business is the ability to find the best tenants that you can trust to take good care of the home and make their payments on time. The fastest way to lose money in the rental property game is to lease your rental properties  to people who are considered high risk. Before you start renting out your property, consider these tips to help you find the best tenants.

Be successful by looking for the best tenants for rental homes.

Make Sure Your Prospects Fill out an Application

Creating an application that requires vital identifying information is the first step in making sure your tenants have a positive reputation. Consider including these elements:

  • Full name, including any aliases
  • Birth date
  • Social security number
  • Current and past two addresses
  • Current and past employment

Make sure you gather information from all individuals who will live in the home. Anyone who is hesitant to provide this information should send up a red flag.

Complete Background Checks, Credit Checks, Evictions Checks and Criminal Checks

A criminal background check can give you peace of mind that your tenants don’t have a serious criminal record that could cause problems. Unfortunately, this is no guarantee your tenants will be the ideal residents, but it does decrease the risk. In addition to the criminal background check, you should run a credit check, an eviction check and bankruptcies check to ensure your tenants are likely to pay their rent on time. We also check for child molesters and terrorist activity, just to be on the safe side. Getting as much information as you can on a prospective tenant will save you time and headache in the future. 

Ask for References

Even bad tenants have been known to be honest on applications and pass background and credit checks with flying colors. Another way to evaluate the quality of your tenants before you accept them into your homes for rent is to ask them for a list of references, preferably former landlords. Make sure you confirm the references to avoid talking to family members or friends instead of their real former landlords. Employer references are also very valuable as you will get an idea of how well they are doing at work and the likelihood of them staying there.

Listen to Your Gut

It may seem cliché, but your natural instincts can tell you a lot about your prospective tenants. If you interview an individual or a couple and feel like something isn't adding up or you simply get a bad feeling, it’s often best to listen to your instincts. When you rent out a home, it’s more difficult and costly to evict someone if they turn out to be a bad tenant, so it’s often worth it to listen to the voice in your head rather than taking a risk against your better judgement.

Finding the best tenants for your rental properties can be a difficult task. You need to make sure you rent your home to someone who will take care of it and pay their bills on time. To ensure you find the right tenants for your rental properties, require a full application, a complete background and credit checks, ask for references and listen to your instincts. When you take these steps, you decrease the risk of encountering bad tenants.

If you’re looking for help managing your homes for rent, including finding the right tenants, contact us. Our property managers can help you keep your properties full.

Marina Shlomov, a managing partner at ALH|Podland Realty & Rental Homes Property Management is the author of many articles on Landlording, Property Management, and Real Estate Investing. A residential builder in the state of Georgia since 1999, Marina is an investor herself. Her property management company is intended “For Investors” and “By Investors” for a simple reason – she knows what investors’ goals are and she works hard to reach their goals. In her spare time, Marina likes to spend time with her family, friends, garden, read and travel. Check her out at www.alhpodland.com. You can find Marina’s articles and comments at @rentalhomesatl on Twitter, on FacebookGoogle+, Blogger. and YouTube, Bigger Pockets and REI CLub and LinkedIn.



Subscribe to our mailing list

* indicates required

Contact us for all your Property Managment & Rental Home Needs

Get Started

Atlanta Property Management
"For Investors" and "By Investors"

Quality Rental Homes and Atlanta Property Management offered by ALH|Podland Realty & Renal Homes Property Management.

Corporate Office:
1084 Meadow Club Ct., Ste. B2
Suwanee, GA 30024

Atlanta Office:
1201 Peachtree St.
400 Colony Square
Suite 200
Atlanta, GA 30361

Decatur Office:
160 Clairemont Ave.
Suite 200
Decatur, GA 30030

Main Office: 404.937.2827 
Rental Inquires: 770.783.3737
Owner Inquires: 404.937.1850

All Rights Reserved. © 2017
ALH|Podland Realty & Rental Homes Property Management.

Sitemap | Contact Us | Privacy Policy
Independent Contractor Agreement
Agent Application | Partner Application
Submit Contractor Invoice | Job Application

Submit Contractor Invoice
Property Inspection

Angies List Review Us Link
Check Us Out on Yelp!
Share Us on Google+
Follow ALH|Podland Realty & Rental Homes Property Management's board Investors/Owners on Pinterest.

Atlanta Property Management Website powered by Freerentalsite.com
Tenant Screening by LeasingDesk | Real Page | Online Showings By ShowMojo |Atlanta Property Management Services by Propertyware.com, A Real Page Company. | BiggerPockets |Rentals.com | Market Leader | Consumer Choice Awards |
Recommended Locksmith