What to Look for in a Tenant of Your Property
That long and memorable vacation in South Wales was truly an amazing experience for you. From taking in the sights and sounds of the area to relaxing at the Tree Tops Guest House, you got inspired to explore your possibilities in real estate by opening an apartment in your own country. And now that you have already built your residential space, it is time to have it occupied by your tenants.
But before you accept anyone in your property, you also have to keep in mind that, since you are dealing with strangers, it is best to screen them well—both for you and the other occupants’ welfare. So here are a few pointers that you can use in approving rental applications.
● Basic Information
Your screening process should begin during your first interaction with a potential client. Whether you are doing this personally, online, or through the telephone, you need to ask some basic information about the person including the following:
1. Complete Name
2. Current and Permanent Address
3. Contact Number
5. Landlord Reference (if applicable)
These things will give you an idea of the individual’s background, helping you assess him or her.
● Source of Income
Depending on your agreement, rentals can either be made monthly or annually. So you need to make sure that a potential client has the means to pay you without delays. To do this, you have to look at his employment history and status, and if he has other sources of income. You have to be careful with someone who jumps from one job to another, because it often shows financial instability.
● Criminal Records
You may encounter misunderstanding within your occupants because of differing personalities and cultures, but you still have to ensure that you are dealing with people who do not have any criminal backgrounds and related violations.
And of course, you should never forget to ask about the number of people who will be staying in the apartment to help you set the right price.
Property rental offers lots of financial opportunities for both investors and holidaymakers alike. So now, if you want to get inspired and reward yourself for a job well done, book an airplane ticket to South Wales and reserve an accommodation at Tree Tops Guest House.