A great tenant for your Kirkland rental property will pay rent on time, help you take care of the home, and follow the terms spelled out in your rental agreement. Today, we’re sharing a few tips that will help you find the best possible resident.
Understand the Applicable Laws
First, make sure you know the law. Your advertisements and screening criteria must be in compliance with all federal, state, and local fair housing laws.
Conduct a Thorough Background Check
Run a background check on everyone 18 years of age or older who will live in the property. This should include checking credit, employment history, a current income verification, and rental and criminal histories.
Collect Tenant Acknowledgements
Do not rent your property sight-unseen without a written acknowledgement from your tenant. This acknowledgement should stipulate they are willing to take the property in as-is condition. Often, a tenant moving from out of state will rely on photos and videos to make their decision. That does not always tell whole story. It’s important to set a realistic expectation of the current condition, and disclose pertinent information. For example, tell prospective tenants if you have allowed pets in the property previously. Make sure the written acknowledgement states that the tenant is willing to rent the property without seeing it in person.
Follow Consistent Criteria
Take your emotions out of the process. Sometimes, it’s hard not to go with your gut. But, you need to develop strong yet reasonable screening criteria to ensure the most successful outcome. Our eviction rate for tenants meeting our minimum screening criteria is less than one percent. We have had countless experiences where the nice tenant turned out to be difficult and the unfriendly tenant turned out to be great.