To Trust or Not to Trust: Poor Credit Scores

So you’ve gone through the applications, held all the interviews, and you think you’ve found the perfect tenant. The problem? They don’t have a solid credit history. Maybe they’re fresh out of college. Maybe they just haven’t built up enough of a financial history. You like them, but you don’t like their credit score.

There are a couple of alternative ways to make sure they’re reliable before you take that leap and have them sign the lease.

First: references, references, references. Definitely check out past employers as well as current employers. However, remember that legally employers are limited in what information they can share with you. So make sure that you branch out a little and ask for some…

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Keeping rent prices at market value is as important to property maintenance as any other component of upkeep. Most rental property owners realize this is just a reality of the business. Unfortunately, tenants aren’t always as understanding, and they’re certainly never pleased. With that in mind, we’ve compiled a few key considerations and best practices for property owners to make the transition as smooth as possible.

Keeping Costs in Perspective

Costs don’t determine rent; costs determine whether or not property owners stay in business. Don’t forget that rent has as much influence on overall property value as maintenance and conditions. A property owner who allows rent to fall below market is essentially allowing their property to deteriorate, just…

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