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Can You Spot A Bad Tenant Early?
Not every tenant comes to you with a neon sign flashing above their head proclaiming, “I’m the ideal tenant” or “I’m going to cause trouble for you”. Sometimes, a tenant appears perfectly professional, personable, and put-together, and only shows signs of trouble once they’re in the property.
The majority of landlords have a screening process in place – and if you don’t have one, that should be a priority – to sort out the good candidates and the bad. There are a few things that every landlord should look into prior to signing a contract, including:
The tenant does indeed make the income that they claim to make (ideally no less than two-and-a-half times the rental price); The tenant has a good credit history; The tenant has a good rental history that can be verified by previous landlords. Unfortunately, even with a screening process, the wrong tenants can still slip through the cracks and cause a potentially very costly situation for you in a few months, or even just a few weeks.
What if there could be a way to spot these bad tenants before you sign the contract? In addition to your screening process, consider keeping an eye out for these potential warning signs, ... more

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