Park City Property Management: 10 Warning Signs When Finding Tenants
When it comes to screening potential tenants in Park City property management you need to use every tool at your disposal. You have probably invested a significant amount of time and money into being a landlord and owning a long term rental in Park City. You want to make sure that you are taking the right steps so you don't end up with a problem down the road. If you would like some information on basic tenant screening check out "Tenant Screening Tips For Park City Property Management." This will get you started in the right direction when it comes to selecting tenants and placing them into your rental property.
If you've already got an application process in place but are just looking for a few extra methods of determining the suitability of a tenant then take a look at this list I've compiled. While any one of these items taken on their own may not be enough to disqualify a person if you have a few of these come up during the application process it may be time to look elsewhere.
- Asks about getting out of the lease early before the lease is even signed. This can be an even bigger warning sign of you are starting a year lease in November/December as this person may want to bail at the end of the ski season. You don't want to rent to someone who is already looking to move again.
- Lying on an application. Be up front that you are going to run a background check. If something comes up on the check that they didn't disclose you could be in trouble. Also lying about things like pets, number of people that will be living in the property, etc. are all problems in Park City property management.
- Complains about the property before even moving in. You don't want to rent to someone who doesn't want to live there! Having a few items that need to be addressed during move in is fairly standard. But if a prospective tenant is already unhappy with the property you could end up with a year's worth of headaches.
- Can't keep an appointment or show up on time. If they can't make it to a showing in time they might not be all that interested in paying rent on time either. You don't want to spend the next year chasing down rent checks.
- Asking if they can pay full rent or deposit after moving in rather then up front. An inability to pay rent or deposit is not good and starting off being unable to do so is also a big warning when it comes to Park City property management.
- If they appear to be intoxicated, high, etc. You really don't want to rent to a person who attempts to do normal activities under the influence of any type of substance.
- If they are first-time tenants who have just moved from home. Again nothing on this list by itself could disqualify a person but you also don't want your long term rentals in Park City to turn into a party house either. Check all references and maybe get mom or dad to cosign.
- If their current landlord has problems with them or if they have problems with their current landlord. This situation deserves a little detective work if the tenants seem otherwise great. I have seen it go both ways and you should use your best judgment in Park City property management.
- They reek of cigarette smoke and you do not want to rent to a smoker. They may say they will never smoke in the property but they will most certainly be in the property along with all their person effects that smell like smoke. And on those cold, snowy winter nights when they need a smoke who knows if they will actually go outside.
- They own a lot of vehicles. You don't want your property looking like a parking lot.
If you would like more information on how to screen tenants, or further information about Park City property management in general click the link below for a free consultation. You will receive valuable information specific to your property that will help you make an informed decision. You will also receive a free, no-obligation quote on our property management services. At CC Realty we specialize in making investment property ownership a trouble free experience. Please contact us today for your free consultation.
