Screening tenants is the most important aspect of your rental business. Know how to get and evaluate credit and background reports, including criminal histories. Be sure you know the rules prohibiting housing discrimination.
You can advertise your rental property in many different ways. The kind of advertising that will work best depends on a number of factors, including the characteristics of the particular property, its location, your budget, and whether you are in a hurry to rent. Many landlords and property managers choose a combination of the following advertising methods to get the best results.
Finding and choosing tenants is the most critical decision any landlord or property manager makes, and to do it well you need a reliable system. Savvy landlords follow specific steps to maximize their chances of selecting tenants who will pay their rent on time, keep their rentals in good condition, and not cause any legal or practical problems later. Your first step is to define all of the terms of the rental so that you can properly advertise the space.