How to Rent Your Maryland Property Faster by Pre-Screening Tenants
The most consuming step of property management is finding a well-qualified tenant for the property. You may receive many leads which can turn into possible prospects. But, giving your property to anyone that too without verifying the background, it is justifiable?
If you have a game plan for the right tenant screening and you are aware of the process, definitely this will lead your way to a qualified tenant for the property. For pre-screening the potential tenant, there are few of the things that you need to check.
Remember, overlooking any of these aspects could create a problem for you by the end of the day. So, you should evaluate your tenant on the aspects mentioned below.
Timeframe: Timeframe is essential for you to ask and monitor. When you are looking out for the potential tenant, ask them about their timeframe. If there is a huge different between the timeframe when the tenant want to occupy your flat and when you want the tenant to fill the vacancy, then try to bring it at a breakthrough. In case, there is a huge difference then it automatically disqualifies the tenant.
Credit Score: Always ensure that you are giving your property to someone trustworthy. It has always been found, that we lend property to someone, who fails to pay rent on time in future. To ensure that not any such thing will appear in front of you, you should ask the tenant about his tenant score. Instead of getting satisfied with the answer, ‘I have good tenant score’ or ‘I have bad tenant score’, you should ask in particular about the credit score.
Pets: Being a landlord, you should be clear about the pet’s policy in your property. Ask this question from yourself that are you the landlord who will let pets in property. Your policy should be clear and put it in the table before leasing your home or rental apartment to someone. It is a very important pre-screening question which you are supposed to ask tenant as this will let you to make right decision.
Availability: Another important pre-screening question from tenant is whether everyone would be available when you would show property. Sometimes there are different properties which a landlord is managing and every property is far away from one another. In such a case, it might become difficult for you to show property to the individual members of family. If you have a property management company in Maryland to look after the needs, it won’t be a problem to take the prospect tenant to property many times. But, in case you are the sole manager then you should make it clear and ask them about the availability when you can show property to everyone.
Time Frame: You should ask the tenant about the length of stay in property. Ask then whether they are looking for short term rental or want to stay in the property for a longer time. For instance, if you want the tenant to stay in property for 3 years, then search for such potential tenant. In case it really doesn’t matter to you how long the tenant will stay, then you can ignore this point. Tenant screening is a tough process along with this, you need to invest money in making lease for property too. Make everything clear during the pre-screening time and this will lead your way.
Awareness: The pictures of your property will become the point of sale. Ensure that while you are showing your property to the potential tenant, you show them the photographs of the place. Once, they are happy with the photos and agree to see the property then only you should take them for inspection. You have to make sure that they have agreed with everything what you have shown to them and there is nothing hidden. There is no point of showing them the property in case it lacks in something that you don’t have. The prospect renter should be well aware of each and everything while you are showing property to them.
Maryland is a very famous location in USA. You would be loaded with the options as soon as you publish add for vacancy. But, not all the prospect which will come to you can turn into a good customer. It is required to check and verify the tenant on each and every aspect. A small mistake committed from your side while screening tenant can drag you to big problem. Everything need to be checked and verified.
The Bottom Line
It is definitely one of the toughest tasks and responsibilities in property management to find the right tenant. Tenant screening needs your time and attention both. You should check and verify tenant in all the possible aspects. Missing a single one could create problem for you. First of all you should check and verify from them about the timeframe that they will need to occupy the frame. For instant, if your property needs instant occupancy and the tenant would take time, then the offer is rejected there only.
Ask the tenant about the credit score. It is something that will keep your property at safe side and would assure that you can get rent at proper time from them. Considering the pets at your property, if you are totally against it then at the time of screening only, tell the tenant. Only if the tenant agrees with your point you can proceed to show your property.
Asking about the availability is also important. One day should be decided when you can show property to every member. If there is a property manager to look after your property it won’t be a tough task. But, in case you are the whole sole person responsible for that then fix one day. And last but not the least, only show property to tenant when he is aware of each and every aspect of property. Once the tenant agrees with your terms and conditions, then only show property. Otherwise, it would be a waste for you.
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