Renting out a property can be a lucrative business, but only if you have good tenants. Every landlord who has been in the industry long enough has one (or sometimes more) nightmare tenant stories to tell. So as not to risk history repeating itself, you better have a very thorough screening process in place. Conducting a comprehensive tenant background check should help you single out the bad tenants. Keep an eye out for these five red flags.
Unsettled Debts
One or two late payments is hardly an indicator that one will be a bad tenant. If you’re feeling generous, you can let that slide but one thing you should never neglect is a problematic debt history. You should think twice about taking in an applicant who has hefty loans, maxed out credit cards and unpaid balances. Look out for serious signs of financial trouble such as bankruptcies, liens, or a history of unpaid rent with a previous landlord. This kind of tenant will most certainly fail to keep up on paying rent. Read more from this article: http://bit.ly/2AgjdnD
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