The dream of any landlord is to have multiple wellqualified applications vying for their rental listing. However, if that becomes a reality, how do you decide? While this can seem like a good problem to have, it puts landlords in a difficult spot. So, today we walk you through how to choose a tenant for your rental property.
00:36 – The Importance of Written Criteria
01:09 – What Do Property Managers Look for in a Tenant?
01:33 – Examples of Standard Screening Criteria
03:20 – Tips for How to Choose the Best Tenant
05:03 – Criteria That Could Be the Deciding Factor
05:35 – Questions to Ask Tenant References
06:42 – What to Do in a Financial Dilemma?
07:26 – How to Handle Applicants You Do Not Choose
08:40 – What if You Have Doubts?
If you have doubts about how to choose the best tenant or whether your screening processes are legally compliant, consider consulting a local attorney or a qualified property management team. Additionally, landlords can research local landlordtenant laws and requirements on their own. However, this might take some time and effort on your part, but it will be well worth avoiding a lawsuit or tenant conflict.
For more advice on a variety of other issues important to the rental industry, subscribe to the Bay Property Management Group channel and don’t forget to hit the notification bell, so you never miss out on exclusive content. Also, be sure to check out our Blog via the link in the description below for tips on tenant screening along with everything from home maintenance to financing your first income property purchase. If you liked this video, please give it a thumbs up or leave a comment down below. Thanks for watching and we will see you on the next video!
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