The main thing that you have to deal with being an owner of a rental property in Union City is knowing who your tenants are. Properly screened and approved tenants make for a good start when running a successful rental property investment. However, there may be times when unauthorized renters move in, and it can put you in a tight spot. Unauthorized renters have a nasty reputation for potentials risks of liabilities for which your lease and even your insurance has not considered. Preventing their entry can be a challenge, but having an implemented quality property management strategy can make all the difference in the world.
It can be tricky to know for sure if an individual is visiting or planning on moving in permanently once your tenants have moved in your rental home which is why prevention plans and early detection are always the better routes to choose rather than waiting for problems to happen.
A good prevention plan for unauthorized renters includes four important tasks:
- Your leasing process should include a thorough screening of all prospective tenants. Anyone over the age of 18 should be subject to a background check, regardless of their relationship to the primary renter.
- It’s critical to sign only those quality tenants with a solid rental and income history and good references. Prior landlords and references must be talked with and asked a bunch of questions relating to how the tenant’s previous behavior was, taking due notice for signs of unpleasant conduct or failure to comply with the terms of the agreement.
- Quality leases with wide-ranging, precise language about unauthorized tenants should be used. Such a lease can address any expected risks or other major issues and lay out clear expectations about who is permitted to live in the home and for how long.
- Regular property evaluations are necessary to ensure that the terms of the lease are being met. More than anything else, knowing that they are being checked up on may help your renter stay vigilant in holding to the agreement they made with you.
This process can be a tedious and pricey one unless you have the proper people and resources on your side. Streamline your Union City rental property leasing process by contacting Real Property Management Masters. We can handle the leasing process from start to finish, ensuring that every renter in your rental homes is the best possible choice. Please contact us online or call us at 510-398-8704 for more information.