The Top 3 Factors in Finding and Retaining Great Tenants

Every landlord wants to keep their income steady and their investment properties secure, but it takes a lot more than just advertising vacancies, crossing fingers, and hoping for the best. Knowledge is power, and when it comes to renters, what you don’t know (or do) can hurt both you and your bottom line. Read on to learn about the top three factors in finding and retaining great tenants.

Make informed decisions before handing over the keys.

Do you really know your tenants? In our blog, “3 Reasons Why Landlords Should Conduct Tenant Background Checks,” we stated that “background checks have always been the best and easiest way to secure great tenants.” Whether you own a single property or many, background checks provide landlords with important information they should know, including an applicant’s credit history, employment verification, prior rental records, including evictions, any criminal charges, and whether or not a prospective tenant is on the Nationwide Sex Offender Registry. For more information on the tenant screening services available through American Tenant Screen, Inc. (ATS), click here.

Advertise the right way.

Screening all prospective tenants, regardless of race, color, religion, sex (including gender identity and sexual orientation), disability, familial status, or national origin, can protect you from Fair Housing Act violations and potential lawsuits, and HGTV notes that, “fair housing statutes also prohibit discriminatory wording in advertisements.” Per HGTV, “Keeping those warnings in mind, you can target your advertising efforts toward groups to whom you’d like to rent your property. For instance, online ads at Craigslist often attract young Web-savvy adults; ads placed in local parenting magazines can target families.”

When advertising available properties for rent, be sure to list the number of bedrooms and bathrooms, attractive features and amenities, and the rent, based on what is fair for the location. Spreading the word to friends, family members, and if applicable, other great tenants can also help. According to advice from HGTV, “Good referrals often come through word of mouth. (However, don’t forgo the credit check and application process just because someone is recommended by a friend).”

Know that it’s a two-way street.

Renters are actively looking for great places to live. They are also looking for great landlords and property managers in much the same way landlords like you are seeking to find great tenants. To attract real estate agents and responsible tenants that will take good care of the place they call home (as well as pay their rent and utilities on time), be mindful of property maintenance and updates to attract the tenants you want to attract, address the issues and concerns of your residents in a timely and satisfactory manner to reduce turnover, and make an effort to protect your property and the people currently residing there with the help of American Tenant Screen, Inc. 

ATS tenant screening services include a number of useful tools to help you quickly screen future applicants and find great tenants to fill your vacancies. When it comes to your investment properties, don’t turn a blind eye. Instead, treat them as the amazing assets they are, and continue generating steady income with peace of mind for many years (and signed leases) to come.

VerifyProtect delivers first class Employee Background Screening services nationwide. We save you time with fast, personal service and unquestionable results, utilizing advanced technology, and reviewed by a trained professional, not an AI bot. Our experts will ensure that your background check program integrates seamlessly and affordably into your hiring process. Visit WWW.VERIFYPROTECT.COM today to learn more!

Kristina Taylor
In 1989, Kristina began her career as a customer service representative at the newly formed American Tenant Screen, Inc. Ten years later, she pioneered tenant background screening on the Internet. As a long-standing member of the National Multifamily Resident Information Council (formerly the National Association of Screening Agencies) Kristina gains insight into the trends of the tenant screening industry to better understand the current and future needs of their clients.

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