Requesting, reviewing, and contacting references is a crucial step in the tenant screening process. In the past, we have discussed how to do just that, along with some tips for how to double-check and ensure a potential tenant’s references are even real. However, while getting an outside perspective of a tenant can be helpful, it’s […]
Tag Archives: tenant screening
Thorough tenant screening of all prospective tenants is critical to the success of your rental property business. If you place the wrong tenant in your property, you could face enormous financial loss, damage, and even the collapse of your rental property business altogether. Today, we’re reviewing six red flags to look for in the tenant […]
It is an awful experience to be disqualified from renting an apartment. Not only do you lose out on your dream apartment, but you often lose your application fees as well. As a tenant, understanding what can disqualify you from renting an apartment is crucial. In this guide, whether you are wondering why your rental […]
Having one universal lease agreement satisfying every type of lease term possible would be great. However, in reality, every lease is different. So, while using a universal lease form is possible, it is important to note that whether you self-manage your rental property, or enlist the help of a property management company, there are going […]
Any responsible rental property owner knows the importance of tenant screening when it comes to placing tenants in their property. You want to ensure the tenant you are considering has no criminal background, verifiable income that can cover the monthly rent expenses and a good credit score. One of the best ways to verify a tenant’s […]
Screening prospective tenants is a tedious but necessary part of being a successful landlord. Nationally, the average eviction rate is around 3%. However, according to the Aspen Institute Financial Security Program, post-COVID eviction rates could jump as high as 20% in the coming year. As job and income loss heavily weigh on renters’ minds, landlords […]
Would you ever consider leasing your Philadelphia rental property to a tenant you have never met? Most property owners would immediately say “no.” After all, meeting a prospective tenant in person leaves a valuable impression on you and ultimately helps determine whether they are a good fit for your property. But is there really a […]
Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management Delaware County, Property Management in Pennsylvania, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Tenants
5 Tips for Landlords to Keep in Mind While Renting to Roommates
To get the most out of your rental business, you may find yourself renting to roommates sometimes. Renting to roommates has some benefits, like filling up vacant units quicker and having a wider range of tenants to rent to. Although it may seem like more of a hassle than renting to a family, we have […]
The rental application and subsequent tenant screening questions are a landlord’s first defense against troublesome tenants. That said, many landlords do not know what they can or what they should ask to secure the best occupant. After all, landlords must be mindful not to violate any Fair Housing Laws with their screening criteria. So, join […]
The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]
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