Do you believe that the perfect renter exists? To many property owners, the perfect renter is a myth or legend that never becomes a reality. However, the best property management company Indio offers says that why you might never find "the" perfect renter, "nearly-perfect" renters are real and can be found with the right approach.
How can a real estate investor find excellent residents? Many factors go into finding the perfect renter for your investment properties and building your investment portfolio! Starting with a good tenant screening process is a smart way to go. In this blog post, we talk about how you identify ideal tenants who pay rent on time and take good care of your properties!
What Are the Qualities of a Good Tenant?
One of the most important aspects of being a rental property owner is knowing what to look for in a good tenant. You've put in the work to deliver a quality rental home and build your real estate investment business, so it only makes sense to find someone who will take care of your investment.
While it might seem like an impossible task to set your sights on a "perfect" tenant, there are certain qualities that you can look for when scouring through potential renters that will help you narrow down the field significantly.
The Perfect Renter Pays Rent on Time and In Full
Without consistent rental income, property owners lose money! The rent paid by rentes keeps your mortgage payments current and funds other expenses that arise while operating rental properties. An ideal renter will always pay their rent on time and pay the total amount. If a problem arises that might cause a rent payment to be a few days late, a good resident will communicate that issue with the property owner.
An Ideal Renter Takes Care of the Property
Excellent residents take care of the rental property. They ensure that the property's outside area is kept clean and well-maintained. For example, if there's a lawn, they mow it, trim the hedges, and keep the property clean of debris. Excellent renters also make sure that everything is clean and in working order on the inside. A clean home minimizes pest problems and makes the turn-around process smoother because a property owner doesn't have to replace worn-out or stained carpets and flooring.
When there are maintenance issues, ideal residents report them right away so that a landlord or property manager can take care of any issues before they become more significant problems. A good renter will treat the property as their own and take pride in the way it looks!
Excellent Renters Follows the Lease Terms
A good tenant will always follow the lease terms. This means that they will not be a problem to the property, neighbors, or other tenants in the building. For example, if there's a "No Smoking" clause, they won't smoke on the property. Likewise, if a property owner doesn't allow pets, they won't try to sneak in a furry family member.
The perfect renter will also give ample notice when they plan to move out. Property owners can take steps to keep good renters longer, but sometimes residents opt to move out because of a life change like marriage, purchasing a house of their, or job relocation. When it's time to leave, your best renters ensure the property is as clean as possible, so the property owner can turn it around quickly and get it ready for the next resident.
A Perfect Renter Never Makes Unnecessary Complaints
A perfect tenant never makes bogus maintenance requests as an attempt to withhold rent. They also understand the difference between an actual problem (like flooding or AC issues) and a minor issue that doesn't need immediate attention when reporting a maintenance request.
Watch Out for Signs Of a Bad Renter
Identifying a good renter is only part of the tenant screening process! Property owners must also watch out for signs of a bad tenant, including:
- A history of late or making a partial payment.
- Making unnecessary maintenance requests as an excuse to withhold rent.
- Not taking care of the property, leaving a property owner with costly damage.
- Breaking the rules.
What does a property manager do? A good property manager can help property owners deal with difficult tenants and document everything if it ever requires legal action. The best property management companies will also help real estate investors find the best tenants to avoid bad residents.
Work with an Indio Property Manager to Find Ideal Renters!
Finding ideal renters is easier with a property manager. Sound property management principles and local Indio experience can help when trying to find someone who will be respectful and responsible enough to live in your rental unit.
When searching for property management near me, we hope you find McLean Company. Our team works with property owners to find the best tenants and deliver professional property management services to help them meet their financial goals. If you're looking for better renters, let's talk soon!
