The cost of a bad tenant far exceeds the cost of a vacant unit. Problem tenants create property damage, fail to pay rent, and require expensive evictions.
Establish objective, measurable criteria: minimum credit scores, income-to-rent ratios, employment stability, and positive landlord references.
Contact previous landlords directly by phone. Ask about payment history, property care, and lease violations.
Review credit reports for patterns of late payments. Verify employment directly with HR departments.
Watch for previous evictions, patterns of late payments, frequent moves, and reluctance to provide references.
Review all information systematically against your criteria. Document your decision and reasons for accepting or rejecting each applicant.
Quality tenants are your most valuable asset as a landlord. The time invested in screening protects your investment.
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