Finding the Best Tenants for Your Fort Worth Property

For Fort Worth landlords and investors, a successful rental experience starts with tenant selection.

A good tenant offers you many things, mostly predictability and profit. You’ll earn a reliable rental income every month, your property will increase in value, and your ROI will steadily grow throughout the tenancy. A bad tenant, however, will lead to problems and expenses. Bad tenants come with risks, including the risk that they won’t pay rent. Bad tenants can also cause property damage or lead you towards evictions, which are expensive and time-consuming.

No one can predict with 100 percent accuracy how a tenant will turn out. However, you can protect yourself and your property with a strategic tenant placement process. Many smart landlords focus on screening.

Take your time and put in the work that’s required to find the best tenant in Fort Worth. If you are struggling with time or resources, hand the process over to a professional property manager. A good property manager will lease your home quickly to a well-qualified tenant, saving you stress and time.

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Quality Tenants Make Arlington Property Management Easier

For easier, hassle-free property management, Arlington, TX, landlords need quality tenants. When your tenants are happy, you can relax. But how do you know the tenants moving into your rental home will keep your home looking nice and pay the rent on time? Below are some ways to ensure you attract and select the right tenants for your rental property.

Finding a Rental Home

Location, location, location! That is what real estate is all about right? Even more so with rental real estate. If you are in the market to buy a rental property, make sure you pick one in a nice, well-established, desirable neighborhood. The right neighborhood will bring in the right type of tenant.

Spruce Up Your Property

Curb appeal is important! When your home looks nice, it will attract better applicants. Before putting your home on the rental market, clean up the landscaping, get rid of trash or debris, and fix things like broken fence boards. Your Arlington property management may suggest vendors to help with projects like this.

Make Your Home Rent-Ready

For a more desirable home and easier property management, Arlington, TX, landlords should get their home rent-ready before showing it. If possible, wait to show your home until your old tenants have moved out and you have a chance to touch up. Replace any broken fixtures, get the carpets professionally cleaned, replace filters, spruce up landscaping, rekey the doors, and touch up paint. This will give potential tenants the best possible picture of your home when they visit.

Screen Every Applicant

Any good Arlington property management company can tell you screening applicants is a must. You need to make sure your tenant has a stable job and income so they can pay rent on time each month. A background check and credit check will also give you insight into how stable the tenant is.

The Property Management Arlington, TX, Landlords Trust

When you have trustworthy property managers taking care of your home, you can truly relax. The property managers at Specialized Property Management Fort Worth have years of experience that they will put to good use at your property. To learn more about how we can help you attract quality tenants call today!

The Top Fort Worth Property Management Company Recommends Rigorous Tenant Screening

Ft Worth Property management, Fort Worth property management company

Tenant screening is a corner that many landlords feel they can cut. It makes sense to think “this person seems nice enough, they have a job, what could go wrong?” And it is certainly true that the faster you place a tenant in your rental home the faster you might see the rent checks coming in. But at Specialized, we know the dangers of careless tenant screening. We are here to remind you just how important it is, and how you can go about screening potential tenants.

Why Screen Tenants?

When you place a tenant in your rental home you are trusting them to make their rent payments, but how do you know if you can trust the applicants? While it is true that there may be unforeseen circumstances for even the best tenants, you can be sure to save a lot of headaches by thoroughly screening your applicants.  A careful screening of their background, credit, and rental history can give you peace of mind that you are leasing to someone who will take care of your home and has a record of trustworthiness. That is why the top Fort Worth property management company recommends screening every applicant before they sign a lease.

How to screen potential tenants

Screening potential tenants includes:

  • Requiring an application for tenants over 18 years old.
  • Verifying combined tenant income that is at least three times the rental rate.
  • Avoiding tenants with evictions and judgments, and asking for an explanation of late or unpaid payments.
  • Verify past two years of rental history and make contact with previous landlords to ask if there was any major damage while the applicant lived there.
  • Comply with all anti-discrimination laws and fair credit reporting act during the screening process.

Your Specialized Team’s Ft Worth property management can help you expedite these processes so you can place a quality tenant as soon as possible. Give our office a call today to learn more about all our services.