Landlord may face tenant problems such as rental defaults, damage to property etc.
Such rental defaults affect his rental income.
This situation is common when a landlord stays away from the rental unit.
He will not be in a position to visit the rental property more frequently and is unaware of the condition of his property too.
How can one avoid these tenant problems? Tenants may not pay you rent on time and you may have had problematic tenants who damage your property and are a nuisance to your neighbors too.
To avoid these tenant problems, you must opt for tenant screening from a reliable tenant screening agency.
Do not accept a tenant who is referred by your friends or relatives without carrying out a reference check.
Find out about their personal information, history of rental payments in the past from his previous landlord, employment status should be checked with the help of an employer's information, check out for his criminal records if any.
Information should be verified either at a basic or at a more comprehensive level.
This will reflect how reliable your tenant is.
Based on these details you can decide on whether to give your property to him on rent or not.
This also helps you avoid renting out your property to a problematic tenant.
You can make out whether a prospective tenant is likely to pay his rent on time? Few tenant reference agencies also offer you rent guarantee insurance.
If there is any eviction case due to non payment of rent, then the tenant reference company will be responsible for such rent defaults.
They will cover up all the legal charges involved in evicting a tenant and compensate for the loss of rental income.
Make an informed decision about your tenant with the help of tenant screening agencies and thus protect your rent.