Tip 1: Screening of Tenants
A good screening includes:
• Attending to a background check • Attending to a credit check • Contacting their references • Contacting ALL prior landlords • Driving by their current • Substantiating their salary
If the tenants do not fair well after your investigation, then don’t be afraid of declining their application to rent…this will save you problems in future.
Tip 2: Have a Lease Agreement
Begin your landlord/tenant relationship on a good note. This is ensured by having a lease agreement which states all the rules; requirements and obligations of the parties.
Tip 3: Be Stringent
If the Tenant defaults, do not let it slide as this would be setting a precedent that the Tenant will know to “slip” more than once regarding defaults.
Having punishments in place (monetarily speaking) will ensure the tenants follow those rules.