One of the most critical functions when selecting a tenant is to determine to the best of your abilities the quality and character of the potential tenant interested in your property. The more information you can collect prior to admitting the tenant the better one can gauge the suitability and fit of the tenant.
Lesson #1 - - When a claim sounds too good to be true, it almost always is.
Recently, a polite young woman came by to visit an apartment of mine. My suspicions about this person were raised early on when she stated that she would most certainly rent the apartment before even seeing it.
Nonetheless, I allowed her to come see the apartment. She liked it and decided to fill out an application with her work history and personal references. Below were tell-tale signs of her dishonesty.
- When I asked her follow-up questions regarding her application, she got agitated, rushed her speech and proclaimed “well, I have several other places I can chose from you know”
- The company at which she claimed to work at had no Internet search results returned.
- She did not leave a deposit which I make a requirement if folks are interested in renting and when they are given an application to fill.
Lesson #2 - -Be extremely vigilant about people and the information they provide
Despite the lack of deposit, I decided to do a little detective work to uncover my suspected untruths. After receiving an excellent reference from the person she had marked down as her boss, I asked one of my co-workers to visit the exact address of her place of employment on her application. It turns out that not only did business suite number not exist, but no such business was located at that particular building in downtown Montreal. I called the applicant back to reconfirm the address. She once again confirmed which led me to challenge her claims. At this, she got very agitated and exclaimed that she was at work and could not be bothered at this time. My decision was immediately made to reject this applicant.
Lesson #3 Credit Checks are critical
People with skeletons in their closet have reasons to hide this information. They may have had problems in the past meeting rent payments; they may not work, in summary, lacking the specific requirements you have set out. Avoid future headache by investing the time to research their history. Credit checks are very important as well. If a person has had issues paying relatively small credit card bills, there is a high likelihood they will have trouble paying rent.
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