My latest article for BiggerPockets is up on why and how to screen potential tenants. This is not the most fun topic, nor is it pleasant to turn someone down for a rental. But it's definitely critical to do and master. (And you should consult your local laws and talk to an attorney to make sure you are in compliance with the law.)
As I note, You can’t accept everyone and expect to have good residents, and you can’t simply wait for the perfect prospect to come around and expect to ever have an occupied property. Tenant screening is a balancing act—and it’s a balancing act for which you need to determine the rules ahead of time.
The article also has the following video that goes over the same information for those who like to learn by hearing. But why not both? Check out the article here too.
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Andrew Syrios"Every day is a new life to the wise man." Archives
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