ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Potential Tenant Profile: 5 good tenant tips for landlord advice and who would be a good tenant

Updated on December 29, 2012

Landlord advice 101 for profiling potential tenants for your real estate rental property. 5 essential tips you must know.

When choosing a tenant you must see past what meets the eye and really dig deep and profile to select the best candidate that will pay on time and take care of the property. Truthfully, you can’t always be 100% right about the outcome but you can curve your odds, below are those such odds.

1) Good Money Management. Its not about how much you make, its about how much you keep. If an income is $4,000 or $8,000 a month and $1,000 in the bank, you have to ask to yourself why that is. You obviously want a renter that rations their money. This can be revealed by a credit check and bank statement request on the application.

2) Good Living Situation. “How many and what occupations?” is the first question I ask. I won’t go into much detail on this one but keep the living arrangement in mind. A stable, responsible, and reliable living situation is best and where the same people will remain living there through out the lease, not people coming in and out.


3) Good Income. A good reliable source of income from a credible employer.

4) Good Honesty. Someone that is upfront and tells the truth about their situation. Someone that doesn’t try to sneak things past you on the application. I once found out days later, after digging, that an applicant had a current short sale property (monthly mortgage payment obligation) that they never mentioned and other debts, sort of important!

5) Good Conversation. You can ask questions and just sit back and listen. Many things are revealed to a good listener. “Look at that! We can make fires in the wood burning chimney!” and “I could paint my room lavender!” or “I could see us living here a while,” And “do these plants need to be watered?”

You have to get a little bit deep into this one. For example, “we have to be out by the 1st!” a potential tenant declares to you as you glance over the application with no current landlord phone number written down. You have to try to see into things beyond surface value.

Ultimately anything can happen and the people with the 400 credit score could have been the cleanest, honest, long-term, stable payers but these are good indicators to look out for. You also have to go with your gut instinct on some things, everything isn’t always what’s on paper.

Comments

    0 of 8192 characters used
    Post Comment

    • PapaGeorgeo profile image
      Author

      PapaGeorgeo 6 years ago

      Good tip! I'm going to do that

    • eddiecarrara profile image

      Eddie Carrara 6 years ago from New Hampshire

      Hello PapaG, There are some good tips here, I was a landlord for 10 years and loved it most of the time. You never know who your tenant is, until they move in, and sometimes income really doesn't matter.

      One thing I always did with potential tenants was walk them out to there car after their interview. Their car has a lot to say about how clean they are and how clean they will keep your property, just a little tip ;) Voted up and useful :) And welcome to hub pages, your off to a great start!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)