Evans Insurance Services Inc. Blog
If you have a very desirable property for rent, you will get a lot of inquiries. It is assuming your property is available and has been advertised well. Going through all your applicants will be time-consuming. It may be a happy problem to have, but it does take considerable time and effort.
You will want to be efficient in handling, sorting, and choosing your prospects. Of course, you do not want to compromise the quality of your tenants. It is why this is a very important step. But how can you be more efficient? Here are some ways.
MAKE THEM FILL OUT AN APPLICATION FORM
It is an effective way to know the basics about your prospective tenant. It is not a mandatory step but does improve your efficiency greatly. It helps save time by giving you the information you will need to screen your prospects. From personal details like name, age, and civil status, all the way to employment details and credit standing should be included. Be sure to request for character references from their employment so you can verify. It is the first way you can filter through your prospects and start choosing candidates.
ONLY MEET THOSE WHO QUALIFY
From your initial screening, look for reasons to disqualify the prospects right away. It enables you to choose among the best prospects immediately. It is why information from the application form is important. This concept may seem weird, but it does make you very efficient.
Once you do meet with the prospect, take note of everything. Which includes the appearance, how the person dresses and acts. It is true; you should never judge a person base on the first meeting. But you may be able to pick up many subtle hints. It may reflect how they act, their lifestyle, and a lot more. Remember, you are looking into dealing with them for a few months at least. So, you can now start to see how you will interact with them and how well you can do business.
DISCUSS THE LEASE TERMS
It is a very important step. Make sure you cover with them all the bases of your terms and encourage them to ask questions. Try to discuss every possible scenario, and what action should be taken. It reduces the risk of conflict ensures both parties will agree to it.
Being a landlord may take a lot of work and effort. You deal with all kinds of people, and many situations may arise. Whatever the situation, take comfort with the fact that you are well protected. The right insurance policy can do this for you. At Evans Insurance Services Inc., we take pride in making sure that our clients are well-protected at prices they can afford. To learn more about how we can help you, please contact our agency at (610) 889-9300 or Click Here to request a free quote.