Have potential tenant complete and sign a standard rental application to provide personal and employment information and authorize the landlord to obtain a credit report and background checks. Obtain the applicant credit report through a Credit Reporting and Tenant Screening AgencyDo a thorough background check. Do call prior landlords. They are your best, most honest source for information regarding on your prospective tenant. Present landlords, wanting to get rid of bad tenants may not be most objective source for you.* Don’t rush. The credit and background checks take only a few hours to complete.* Pay special attention to Fair Housing Laws. Many prospective tenants do know the law. The internet is a wonderful source for both tenants and landlords. Know what you can say and be careful to stay within those guidelines* Never discriminate based on race, color, national origin, religion, gender, family status or handicap or source of a person’s income.* Check with your state and local laws to make sure you are complying with all regulations.* Tenant Associations and local rent boards are good sources for compliance questions. If you don’t have the time, you may want to look to professional property management.You may and should consider the… Read full this story
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