One of the most challenging parts of owning a rental property is dealing with tenants that cause damage. From putting holes in the walls, to completely trashing the space, or even worse. While there are plenty of horror stories out there about what a tenant can do to your rental property, there are also steps that property owners can do to minimize these issues.
The fact is that even if you used quality Tucson Leasing Services to find your current tenants, they can still cause damage and other issues that will reduce the value of your property. Taking the following steps to reduce your risk of damage and other concerns will help to ensure the long-term well-being of your rental property.
The first step is to ensure each tenant is screened prior to them moving in. There are likely very few property owners will be able to confirm that they have completed a comprehensive screening process when looking to rent out their vacant property. In order to get a good tenant, who will be willing to take care of your property, you have to be professional about the entire screening process and verify all aspects of their applications.
Another important step is to visit or drive by your prospective tenants current place of residence in order to evaluate the current physical condition. Chances are, the tenant you are screening will treat your property the same way they treated their former residence.
Once you have found a tenant you are comfortable renting to, you should videotape and photograph the current condition of the property. You should ensure that this is done in the presence of the tenant. Be sure that you also present an inventory and a condition checklist that you and the tenant signs agreeing on the current state of the property.
You should also be sure to take a significant amount as a deposit on the property that you are renting. This will ensure that the property is looked after, or the tenant will be at risk of losing the deposit they have given you. When you take the time to follow these steps and suggestions, you can feel confident that you will not only find a quality tenant, but that they will also be willing to take care of your property during their time in the space.
If you are in need of Tucson Leasing Services, visit the Simply Property Management website for helpful and informative assistance.
