Checking References Part of Being a Good Landlord

Posted on February 10, 2008 @ 3:22 pm

When we were first getting into buying real estate for profit, I did a lot of research on how to be a good landlord. I figured that the better landlord I was, the better the tenants would be and vice versa.  I downloaded a bunch of paperwork and e-books from the Internet. I also talked to some friends of mine who had been doing it for awhile.

One important part of making sure that you get good tenants is to do a thorough job of tenant referencing. I wanted to go deeper into this than just calling the numbers that the perspective tenant wrote on their application.

Another great tip that has helped me to get good paying tenants is to do tenant credit checks.  If their credit is bad, or they have failed to pay their bills on time, usually you can count on them to not pay their rent on time either.

Sure these two techniques help you weed out the bad candidates, but they still slip through once in awhile.

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