Property Manager – North Hills – Tenant Qualities

What are good qualities for tenants to have?

The most important thing you look for in a tenant is their ability to pay the rent, on time, every time.

All of the qualities below influence that:

1. Ability to pay You need to establish the tenant’s ability to pay the rent. A good rule of thumb is that the tenant must make at least 3 times the rent in monthly income. Settling for less may jeopardize your ability to collect rent from a tenant.
2. Consistently pay on time The tenant needs to show that not only can they pay the rent, they will. This is usually established by looking at credit reports and talking to previous landlords.
3. Long term Income Will the tenant always have a job over the length of their lease? This is not 100% easy to predict, but a history of stable work history over the last few years with consistent income and paychecks is a good sign.

From: http://backgroundchecks.org/

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