Bad tenants cause a lot of problems. The purpose of this text is to show the five questions you should ask those interested in renting your property.
You have just received a message from a possible interested tenant – it’s time to start the analysis! We recommend that you ask at least these five questions before scheduling a visit to the property.
1) Why are you moving?
At first, it may seem that this is none of your business. But listen to the answers, they can demonstrate some signs of behavior that you do not want in those who will rent your property. Be wary of stakeholders who report problems in your current situation. Look for those who speak legitimate reasons for the change, such as: increasing the family, job opportunities.
2) When do you plan to move?
If a tenant says something like “tomorrow” or “next week”, it probably means that they are not good planners. A responsible tenant starts their search in advance and plans accordingly. In fact, most landlords require 30 days’ notice from their tenants if they plan to move. You don’t want to be the next owner, who just receives a last-minute notice and has to work hard to find a new tenant. However, a tenant who is more than 90 days in advance is just as bad. If they’ve just started their research, they’re probably not ready to close the deal, as they haven’t seen enough seats yet.
3) What is your monthly income?
The default here is to ensure that your tenant has an income of 2.5 to 3 times the rental amount requested. This is just basic math – you are trying to ensure that the tenant can pay the rent on your home. At this point, you will not know if he is telling the truth, but you can later request a payslip or even bank statements to check the financial health of the person concerned. In addition to this, you can request a surety bond or other type of guarantee.
4) Can I ask for references from your previous rent or employers?
With the exception of someone leaving the parents’ house for the first time, if the tenant cannot provide references or excuses, you should move on. Always demand references. Here is a quick tip from rental experts. You should ask the previous owners simple things like “They paid rent on time”, “They respected the property and the neighbors” and “Why did they move?”.
5) Can you send your CPF before the visit?
The answer here is quite straightforward. Disqualify anyone who refuses. Your safety is a priority and through the CPF you can identify who will visit your property. If he feels uncomfortable, inform him that this is a normal procedure before any visit and that he does it with all interested parties. In the future a CPF analysis can show the problems credit problems.
You can learn a lot from just these five questions to your potential new tenants. After this article, I hope you realize that a good analysis process starts with the first contact with the potential tenant. By asking these questions and listening to their answers, you can pre-qualify tenants and define their expectations and requirements.
But after all, “who is Zimobi and how can it help me?”
The Zimobi is a startup disintermediation in the real estate rent that came to revolutionize the real estate market. In the most recent acceleration program for Google’s Startup Zone, 21 companies were chosen for the first group.
Among them is Zimobi – a platform that offers all the necessary tools for those who want to rent and manage their properties with security, tranquility and the best of all: without intermediaries.