How to Prevent Suspicious Tenants from Entering Your Property

Bad tenants do more harm to your property than you think. Do you reduce rents just to maintain good tenants? Reducing the rent or evicting suspicious tenants might not be the best solution for your rental business. While lower rent reduces the profitability of your business, evictions of bad tenants can consume a lot of your time and resources. Bad tenants in your property can damage your property value as well either through physical damage to the structure or affecting the reputation of the rental unit. If you want to prevent suspicious tenants from securing a lease, we are here to help. The following strategies can be used to identify bad tenants and prevent them from entering your property.

Run a Background Check

Checking your potential tenant’s background is an essential step to identifying good and bad tenants. It is a valuable tool to gain insights into a prospective tenant’s history. You can check previous addresses, contact the previous landlords, and learn about eviction history. Having a thorough and consistent screening process is one of the most essential steps for successful rental property management. If you want to save time, hire a local property management company in Christchurch such as Rempstone Property Management that can help you fill vacant units with good tenants.

Verify Employment and Income

Checking the financial stability of a potential tenant is essential to ensure they can pay their rent on time. Therefore, require applicants to verify their employment and income. An ideal tenant should be able to pay rent even if expenses rise.

Check References

While you might already ask your potential tenants to provide two to three references, however, just getting names and contact details is not enough to guarantee the applicant’s credibility. So, you should follow up with every person listed by the tenant to get satisfactory information.

Use Tenant Screening Services

You should have a legal, fair, and effective tenant screening process to get good tenants into your property and prevent bad tenants. However, like other property management tasks, tenant screening can be time and resource-consuming. For better outcomes, you can use a professional tenant screening service from a reputable property management company in New Zealand such as Rempstone Property Management. The rental property managers at the company are experienced and can help you with tenant screening, rent collection, inspection and maintenance, and more.

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