{"id":21909,"date":"2020-04-24T14:17:47","date_gmt":"2020-04-24T14:17:47","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=21909"},"modified":"2023-12-21T15:35:34","modified_gmt":"2023-12-21T15:35:34","slug":"4-things-to-look-for-in-a-good-tenant","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/4-things-to-look-for-in-a-good-tenant\/","title":{"rendered":"4 things to look for in a good tenant"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">It requires trust when you decide to rent your property to a stranger. Whether you\u2019ve recently purchased an additional house or apartment or spent the last six months fixing it up to a high standard, deciding to hand the keys over to a stranger is daunting.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The property in question is an investment, so you&#8217;ll want a considerable return on your asset. And the best way to do that is to have a regular income through monthly rent payments and minimal maintenance costs. The best way to achieve this is by finding the right tenant. Failing to do so could result in rising rent arrears, damage to your property, legal fees and evictions &#8211; something no landlord wants to deal with.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A good <a href=\"https:\/\/www.thehouseshop.com\/property-management\" title=\"Property Management\">property management<\/a> company can help you vet a good tenant \u2013 click here to learn more about <\/span><a href=\"https:\/\/cincsystems.com\/blog\/how-to-evaluate-condo-association-management-software\/\"><span style=\"font-weight: 400;\">condo management software<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 but in the meantime, we\u2019ve compiled a list of things you should look for in a good tenant. Remember, finding the right tenant doesn\u2019t have to be hard work!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">A good credit history\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You&#8217;ll need a tenant who is good with money and effectively financially responsible. A good credit history demonstrates that this potential tenant keeps current with payments and other financial obligations. This is a clear and positive indication that they&#8217;ll <a href=\"https:\/\/www.thehouseshop.com\/rent-on-time\" title=\"pay their rent\">pay their rent<\/a> on time. Consider running a credit check during the application process.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">No criminal background\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The last thing you want is a tenant with a <a href=\"https:\/\/www.criminalsolicitorsmelbourne.com.au\/criminal-defences.html\">criminal background<\/a> or someone who has a history of violent, destructive behaviour.\u00a0 Ensure that their ID is accurate so they are who they say they are. Speak with a <a href=\"https:\/\/www.thehouseshop.com\/tenant-referencing  \" title=\"tenant screening\">tenant screening<\/a> company to search criminal databases.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">They have good work\/life stability.<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">No one wants to go through the time-consuming process of finding a suitable tenant several times a year. So, someone who has a stable job, someone who doesn\u2019t have intermittent periods of unemployment, and someone who doesn\u2019t have a history of moving frequently is the kind of tenant you should be looking for. <\/span><a href=\"https:\/\/www.entrepreneur.com\/article\/235427\"><span style=\"font-weight: 400;\">A stable life = a stable tenant<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">They\u2019re honest\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ultimately, you want an honest tenant. So, checking out all the information they&#8217;ve given on their forms and verifying it is a good indication of honesty and whether or not you&#8217;ll have a good landlord\/tenant relationship.\u00a0<\/span><\/p>\n\n\n<h6><span style=\"color: #999999;\">Ref: 3589.31536<\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 It requires trust when you decide to rent your property to a stranger. Whether you\u2019ve recently purchased an additional house or apartment or spent the last six months fixing it up to a high standard, deciding to hand the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/4-things-to-look-for-in-a-good-tenant\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16,9],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/4_things_to_look_for_in_a_good_tenant","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21909"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=21909"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21909\/revisions"}],"predecessor-version":[{"id":30216,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/21909\/revisions\/30216"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=21909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=21909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=21909"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=21909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}