Finding good tenants is no easy task. Discover our advice in this article.

If you are a landlord or property manager, you know how much work it is to find good tenants for your vacant properties!

You want them to be reliable and respectful to avoid non-payments, neighbor complaints, and disturbances in the apartment.

Here are some practical tips for selecting the right tenants.

Selection criteria to consider when choosing a future tenant

First, you need to have an idea of who your ideal tenant is. What makes a good tenant? The description may vary from one landlord or manager to another, but generally, it can be agreed that it is someone who:

  • takes care of their accommodation;
  • is respectful of the neighborhood;
  • pays their rent on time.

To achieve this, we invite you to create a list of selection criteria that you will consider when the time comes to make your choice. Here are some examples of criteria to consider:

  1. Financial stability
  2. Good reference
  3. Responsible and proactive attitude
  4. Good communication
  5. Respectful attitude
  6. Compatibility of this person with the neighbors

Your selection criteria will help you evaluate the people interested in the advertised accommodations and determine the type of tenant you want to attract.

Our tips for evaluating tenants interested in your vacant properties

The costs associated with renting out a property and selecting tenants can be considerable in property management. Think of the time spent answering phone calls and emails, conducting visits, and conducting credit checks, for example. That’s why it’s important to screen potential tenants.

Here are some tips to help you do this.

Use property management software

Hopem software allows you to create the “List of rental properties” report. This is a powerful report that will allow you to select a multitude of criteria including the number of rooms, the amount of rent, the type of accommodation, and special features. In just a few clicks, you will be able to generate a list of units that best meet the needs of your potential tenant.

Avoid these mistakes to avoid attracting bad tenants

Here are some mistakes to avoid in order to attract and retain reliable tenants in property rental:

  1. Not checking the background and financial solvency of the potential tenant. This would increase the risks of non-payment of rent or damage to the property.
  2. Not setting clear selection criteria for potential tenants. You could end up signing a lease with a bad tenant.
  3. Not establishing a solid lease agreement to protect your interests as a landlord. Lease conditions, tenant obligations, and early departure conditions should be clearly and precisely stated.
  4. Not communicating clearly. Avoid giving inaccurate or incomplete information about the property, property rules, or rental conditions.
  5. Not responding promptly to repair requests. Delays in repairs can frustrate tenants and affect their rental experience.

Finding the perfect tenant is a way to simplify the rental management of your rental properties. Indeed, responsible tenants will help you keep beautiful accommodations by quickly alerting you to repairs needed, they will be respectful of the neighborhood, and they will pay their rent on time.