* Credit History
* Annual Income
* Length of Employment
* Landlord References (Always try to get the previous one as well as the current)
* Pets -- Consider being pet friendly. You can charge a monthly premium per pet and collect a security deposit. People will pay extra because Pet friendly apartments are under-supplied and in demand
* Lead Certified - Consider getting lead certified. Again, undersupplied and in demand, commands more rent.
The basic preliminary questions would be regarding current/past employment, rental history, pets, as well as a background check and credit report. With this information it should give you a pretty good idea of the tenants criteria/qualifications and if it aligns with what you are looking for. That being said, nobody has a crystal ball and thus a seemingly well qualified tenant could prove to be problematic somewhere down the road. As an experienced Rental Agent we try to take some of the uncertainty out of this process. In general, if everything checks out you can be pretty confident in the applicants. If you are still unsure I would recommend a face to face meeting. This will allow both of you to become acquainted with one another and clear up any questions/concerns that either party may have. If you have any further questions feel free to contact me @ 781-307-7752.
Congratulations on being a first time landlord. As a rental agent for many years there are a few specifics that you would want to gather. 1. Rental History 2. Length of Employment 3. Credit Score with Full History / Debt to Income Ratio 4. Income Verification 5. Pets - That's just the basics to start. I run a full background and credit check for all my landlords at no fee to them. If you're interested call me and have a talk about how I can help you with NO fee to you. 857.258.9888
I'm a landlord myself so if you have specific questions, feel free to contact me...
Remember one thing... The first rule of being a landlord is that an empty apartment is better than an apartment with a bad tenant! If it doesn't feel right -- it probably isn't!
Never asking anything that could be interpreted as discrimination -- which would include any questions about: race, color, religion, sex, national origin, disability, familial status, whether someone is married divorced, gay, and you can't even ask if someone's ever been arrested!
You CAN ask: why are they moving? When do you plan on moving in? What is your monthly income? Will you have the security deposit and first month's rent available upon move-in? How many people will be living in the apartment? Can you provide references from your employer and former landlord?
References from an employer can give you a sense if they have stable income, and if you can speak to a former landlord you may learn if they are a difficult tenant. You can ask if they have ever been evicted.
You can also ask if they have any pets -- if you have a no-pet policy you want to know right away and establish that fact. Also ask if THEY have any questions!
You would also want to run a credit check on them for your own protection.