Vetting Tenants — How we protect the landlord’s interests.

In Fair Lakes, our management staff wants to deal with reasonable tenants. Here are a few of the traits we seek out.

1. A renter pays the rent on time every time. This means paying on or before the first, rather than at 5 pm on the 5th.
2. A tenant is trustworthy. A renter does not sneak in a co-renter or pet.
3. A renter is neat. A tenant does not bring pests like rodents and bugs.
4. A renter does not damage the property.
5. A tenant is courteous and easy to work with. A renter understands the difference between a property manager and a hotel concierge.
6. A renter doesn't annoy neighbors.
7. A tenant reports problems when appropriate. Renters that don't report maintenance issues cost property owners money and cause problems for property managers.
8. A renter doesn't gripe when it's not appropriate. This means that a tenant doesn't demand to replace functioning systems. A tenant doesn't expect more than the lease provides. A renter doesn't complain that an appliance doesn't work when the renter doesn't know how to operate the appliance.
9. A renter does not smoke in the property.
10. A renter is looking for a lease that is as long as the real estate investor wants to rent the home.

So this is what we're looking for in a tenant, but how do we find renters who measure up to this ideal? Experience has taught us that troublesome tenants can appear as polite, nicely-dress, well educated people with jobs. We have a knack for sniffing out difficult tenants.