Menu
081291564018

Kemang - Jakarta Selatan

Tenant, Tips to Finding Good Tenants

Minggu, Februari 10th 2019.

Being a landlord can be a very rewarding at times. While at other times can be a very costly and become a pull your hair out type experience.

It all comes down to tenant selection. The real question is how to find good solid tenants and avoid the pitfalls and costly mistakes of the terrible tenant?

Follow these tips and your chances of enjoying the benefits of your investment will increase dramatically. First and foremost you must have tenants fill out a complete application. An application must include authorization for you to complete a credit and background check. Also have them include not only their current landlord but most importantly their prior landlord(s). The reason this is essentially because I know you find this hard to believe but not all renters tell you the truth about why they are moving. If you call their current landlord you must be aware that their current landlord might tell you anything you want to hear just to get rid of their current bad apple so to speak. By calling prior landlord(s) they no longer have anything to do with your prospective tenant and are far less likely to tell you a white lie. Another key is to look up the prior landlords names and make sure they actually own the house and not just one of the prospective tenant’s friends posing as a landlord. You can typically find this information online or go to the registry of deeds for your area and check it out.

Another trick of the trade is to ask if you have ever been evicted on the rental application, but you must and I repeat must check the court system and found out if this is actually the truth. A renter trying to get an apartment when asked that question might just not tell the truth and hope you don’t complete the necessary due diligence. You can go to your local housing court and ask the clerk how to find out if someone has ever been evicted? They usually have a computer right there for people to just look up names. If someone is in the housing court system as currently being evicted or previously evicted then goes with saying, don’t rent to them. Unless of course you want to go to court and spend money and endless amounts of time evicting them again.

A credit report is a must; renters typically have credit scores lower than home owners or they themselves most likely would have purchased their own property. However knowing if they ever paid past utility bills, car bills etc is a key indicator of whether or not you will be important enough to pay on time, isn’t?

Prior rents is very important people for example get used to paying $500, but when they move and market rent is now $800 this could pose a problem in the near future. Therefore current income is a very large indicator of whether or not they will be able to pay their bills. I have had people who are great tenants on paper but they for example make $1,200 per month and their rent alone would be $800 without utilities. Obviously making rent every month would be an issue. A quick rule of thumb would be rent/income ratio be absolutely no higher than 50%. For example someone looking for an apartment where rent is $1,000 per month, then they need to make about $2,000 to have sufficient income.

$1,000(rent)/$2,000(income) = 50%

Keep in mind the lower the percentage the better for you and your ability to continue to receive your rent month after month.

Biggest tip I can give a fellow landlord is to have patience and don’t take the first person through the door, even if it takes you a couple weeks longer to find the right tenant. It is far better than 6 months of lost rent and damages trying to get the tenant out of your property.

As a landlord you should be able to get up front first, last and security. First and last month’s rent is a must no matter what the prospective tenant’s sob story is do not accept less. That way you have some protection against loss if they don’t pay month two. Security deposit is also a good idea however state laws are very strict on how security deposits must be handled so make sure you read your states laws regarding that and follow every word of the law. In some cases tenants can sue for three times damages if security deposit is improperly handled in any manner.

In conclusion due your checks and take your time to limited your chances of the tenant from hell!

Properti Terbaru

Rekomended
Kemang Houses For Rent

Kemang Houses For Rent

USD 2300 permonth
north kemang, south jakarta, indonesia
Lt/Lb : 600 sqm m² / 400 sqm m²
Lihat Detail »
Terbaik
homes for rent bangka kemang jakarta

homes for rent bangka kemang jakarta

USD 3000 per month / IDR 42 juta perbulan
bangka, kemang utara, jakarta selatan
Lt/Lb : 800 m² / 400 m²
Lihat Detail »
Rekomended
For Rent Kemang Compound Breand New Houses  Three Floors Equipped With A Lift

For Rent Kemang Compound Breand New Houses Three Floors Equipped With A Lift

USD 3000 permonth
kemang, south jakarta
Lt/Lb : 400 sqm m² / 600 sqm m²
Lihat Detail »
Rekomended
houses rent in kemang jakarta

houses rent in kemang jakarta

USd 4000 permonth / Rp 56 juta per bulan
kemang selatan, jakarta selatan
Lt/Lb : 800 m² / 600 m²
Lihat Detail »
Terbaik
kemang compound for rent

kemang compound for rent

USD 3500 permont
kemang, jakarta selatan
Lt/Lb : 800 m² / 600 m²
Lihat Detail »
Sudah Laku
gedung dijual murah jakarta selatan

gedung dijual murah jakarta selatan

IDR 150 Miyar
pondok pindnag, tb simatupang, jakarta selatan
Lt/Lb : 2.044 m2 m² / 10.453 m2 m²
Lihat Detail »