Finding a Great Tenant for Your Rental Property
What makes a great tenant? You will be meeting a lot of different tenants as you go through your business. Some tenants will make your life as a landlord a breeze while others will make it hard for you. Taking the time to find a great tenant for your rental property can help protect your investment and help it grow. Here are 5 tips for placing a tenant in your rental. Tips for placing a tenant in your rental You need to understand the laws: Find out the appropriate federal and state laws that cover landlords and tenants. Start with the Fair Housing Act and get a clear outline on what constitutes illegal discrimination against qualified tenants. Read how you can base credit or criminal history but never on race, religion, national origin, gender, age or family status. Formalize it by creating a rental application form: This is the kind of document to collect personal information about your applicant so it will be easier for you to perform ba...