Essentially, without a doubt, every landlord of a rental home must know well each individual residing on their property. Suitable screening and approval of tenants not only exert favorable influence on the final outcome of every resident-landlord relationship but particularly also pave the way for successful property investments, conferring a sense of security and confidence.
Prevent unexpected liability
If, by any chance, unauthorized renters move in, it can be quite a pain; they can put your property at risk for liabilities that the lease and maybe your insurance have yet to think about. These liabilities can instigate financial losses and legal issues. Preventing unauthorized residents can be complex and difficult, but really, implementing a number of the best and proven quality property management strategies can make all the difference, granting you confidence and peace of mind.
Prevention plans and early detection are focal in managing your rental property. In principle, you need to start screening before your tenants’ moving-in day, as it can be complex to detect if new arrivals are visiting or if they plan on moving in for the long term. Being proactive in your prevention plans and early detection not only makes a huge difference but, at the same time, also empowers you with a sense of control and confidence. It’s always so much better to be prepared than to wait for clashes and problems.
A good prevention plan for unauthorized renters includes four essential tasks:
- Your leasing process must take into account an extensive screening of all prospective tenants. No matter their connection to the primary renter, anyone over 18 should be directed to a background check.
- Signing only quality tenants with a solid rental and income history and accurate references is substantial. Former landlords and references should be reached and sought information from, closely noting any warning indications in their past behavior or incapity to sustain the terms of an agreement.
- Quality leases with meticulous, precise language with regards to unauthorized tenants should be used. Such a lease can effectively take care of any expected risks or other critical issues and lay out clear expectations as to who is allowed to live in the home and for how long.
- Regular property evaluations are important to make sure that the lease terms are being observed. More than anything, finding out that they are being closely monitored may help your renter stay sharp in adhering to the agreement they made with you.
This approach can be time-consuming and expensive unless you have the ideal people and resources on your side. Real Property Management Colonial completely empathize with the you, knowing the problems you deal with as a property owner in Salem and immediate nearby areas, and is here to help. We can oversee the leasing process from start to finish, making sure that every renter in your rental home is the finest possible choice for you. Please contact us online or call us at 540-595-7411 for more information.
Originally Published on November 2, 2018
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
