SETTI NG TENANT CR ITER I A I N TOUGH TIMES One of the most challenging aspects of being a landlord is choosing the right tenants. You may find yourself in a rush to fill a vacancy, but experienced landlords know it’s always best to find an applicant that meets all your criteria even if means waiting.
This article will cover why setting written criteria is important, what criteria may help you find the renter you want, and how to work with tenants financially impacted by COVID.
Why Set Written Criteria
How do you decide when to deny a rental applicant? You may be thinking to yourself, “I know a bad tenant when I meet one” or “I run a credit and background check”. Although it may seem obvious to you when to decline an applicant, to outsiders such as tenants, attorneys, and court judges, it could look like you are discriminating against a particular type of tenant. In fact, watchdog organizations and some tenants will intentionally apply for multiple rentals and sue the landlord or
property management companies that decline
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