ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

What Are The Qualities Of The Ideal Tenant?

With peoples’ personalities as vast as imaginable, scrutinizing tenants to take up occupancy in your rental property can be quite a hassle. Seemingly responsible applicants could turn out to be hostile tenants that could harm your property or even depreciate its value. How do you filter the good ones from the bunch? This article highlights some handy tips on identifying the ideal tenant – from filling out the application form to the early occupancy phase. Also, if you are a potential tenant hoping for a hitch-free occupancy and relationship with your landlord, here are some tips. 

– Filling Out The Application Form

A lot can be deduced from a potential tenant’s personality and status as early as during the application process. Chances are those who appropriately fill out their application and supply all the necessary proofs/information are conscientious and have a remarkable sense of responsibility. It also strongly suggests that they can make payments and care for the property. Property Management, Howard County, suffices in moderating this process if you own a rental property in the area.

– Other Landlords’ Feedback

Another telltale sign of the nature of the potential tenant you will be housing lies in the feedback you get from their previous landlords. If there is a consistent trend of stellar recommendations and positive remarks, chances are they will be good tenants that will maintain the property and pay on time. If otherwise, that might be a red flag. Gain access to online spaces and offline archives where landlords divulge information about tenants. Again, Howard County Property Management services could help if your property is in the area.

– Timely Payment of Rents

From the first few months of occupancy, the frequency and the timeliness of rent payments give away the nature of your tenant. The ideal tenant pays in a timely, regular manner. When they are in a bit of a financial fix, they properly communicate this to you beforehand and promptly keep to agreements they may have made after the phase passes. A tenant who abruptly stops payment or pays haphazardly from the outset is a sign of trouble for you and your property.

– Proper Communication and Proper Maintenance

The ideal tenant properly maintains the property and sets things right when certain things go awry. In addition, they routinely inspect different parts of their property, keep their environment tidy, and report seemingly uneventful anomalies before they culminate in money-gulping severe problems for their landlord. The ideal tenant also cultivates a healthy, friendly relationship with their landlord. This helps them relate better and communicate important info quickly and more efficiently.

Conclusion

A good tenant steers clear of socially questionable activities on your property that threaten safety and also adheres to the legislation upheld by authorities in the area.

Property management is essential for sustenance and the hitch-free thriving of your rented property, particularly in your absence or remoteness. If you own any rental property within the county and want the best tenants and management for your property, contact us at Howard County Property Management today!

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.