As a landlord or property owner, there are many things to consider when selecting a new tenant for your property. Here are just a few important things to consider:

Provide a Detailed Listing

First, you need to make sure that your listing is one that will catch the eye of potential renters. This means providing high-quality pictures of the layout and features, as well as a detailed description of your rules and restrictions. For example, if you do not allow pets on your property, make sure that is stated in the description. This will filter out anyone with pets and helps prevent you and the prospective tenant from wasting each other’s time.

Tenant Screening

Once you have a solid listing with a detailed description and helpful pictures, you will start receiving applications. You will then begin the tenant screening process. The tenant screening process is one of the most important things in the property management industry. An irresponsible tenant can sometimes cause you to lose a lot of money, time, and energy. As you go through applications, check to see if each individual meets your requirements or matches your idea of a good tenant.

Run Background and Credit Checks

When you have narrowed down your list of potential residents, we suggest that you run background and credit checks on each person. This is one of the best ways to tell if a tenant has a history of late rent payments or not.

Check for Proof of Stable Income

Aside from doing a credit check, asking the applicant for proof of income will allow you to make sure that they are financially stable enough to pay rent on time every month. As a general rule, a tenant’s income should be about three times the rent. This isn’t legally necessary, but it is usually better for them and for you. You can ask about their income as part of the application process.

Hire a Specialized Property Management Dallas

“I’ve had several property managers in Dallas and interviewed scores more. This company (Specialized Property Management) is simply the best around. Love you guys.”

—Jeremy H.

Specialized Property Management Dallas will help you take care of all of the above, while also ensuring that everything complies with the requirements of the Fair Housing Laws. Our highly professional team works hard to make sure you and your tenants stay happy. We help you rent out your properties to only the best tenants and take care of any issues when things go wrong.
Contact us today for a quote! 214.233.7572