It is true, without a doubt, that every landlord of a rental home must strive to know each individual residing on their property. Appropriate screening and approval of tenants not only lead to a favorable outcome for every resident-landlord relationship but especially pave the way for successful property investments, offering a sense of security and confidence.
Prevent unexpected liability
Just in case unauthorized renters move in, it can be quite a problem; they can put your property at risk for liabilities that the lease and conceivably your insurance have yet to seriously consider. These liabilities can prompt financial losses and legal issues. Preventing unauthorized residents can be quite difficult, but, as a matter of fact, observing some of the best and proven quality property management strategies can really make all the difference, bestowing you confidence and peace of mind.
Prevention plans and early detection are so important in managing your rental property. Ideally, you best start screening before your tenants’ moving-in day, as it can be tricky to determine if new arrivals are visiting or if they plan on moving in for a long time. Being proactive in your prevention plans and early detection not only makes a huge difference but, along with that, also empowers you with a sense of control and confidence. It’s always better to be prepared than wait for troubles and problems.
A good prevention plan for unauthorized renters includes four essential tasks:
- Your leasing process must properly include a comprehensive screening of all prospective tenants. It makes no difference their relationship 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 relevant references is primarily important. Prior landlords and references should be reached and scrutinized, carefully noting any warning indications in their past behavior or inattentiveness to sustain the terms of an agreement.
- Quality leases with detailed, precise language concerning unauthorized tenants should be used. Such a lease can easily address any expected risks or other salient issues and lay out clear expectations regarding who is allowed to live in the home and for how long.
- Regular property evaluations are fundamental to make certain that the lease terms are being followed. More than anything, knowing clearly that they are being monitored closely may help your renter stay faithful to adhering to the agreement they made with you.
This way can be time-consuming and expensive unless you have the best possible people and resources on your side. Real Property Management Landmark totally understands the obstacles and problems you endure as a property owner in Farmingdale and neighboring areas and is here to help. We can manage the leasing process from start to finish, making certain that every renter in your rental home is the best possible choice for you. Please contact us online or call us at 516-522-2859 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.
