What Do You Look For In A Good Tenant?
Updated: Jun 24
A landlord has to go to great lengths to find a good and qualified tenant for their rental property, as everyone has different habits and traits. Finding the right tenant to hand your property to can be really stressful for landlords since this can be a breaking decision in ensuring a smooth and successful rental experience in this industry. While each landlord may have specific criteria for selecting what they consider to be “the right one”, there are certain qualities and characteristics that universally indicate a good tenant.
Let’s go ahead and explore together some of the key factors that you should consider when searching for these desirable qualities in a tenant.
Compatibility With Property Policies
A good tenant understands and respects the property's rules, policies, and guidelines. They comply with noise restrictions, parking regulations, pet policies, and other property-specific guidelines. According to these Baltimore City property managers tenants who align with the property's policies contribute to a cohesive and well-managed community.
Assessing a potential tenant's compatibility with property policies and guidelines is crucial for maintaining a harmonious living environment. A compatible tenant respects and adheres to the property's rules, demonstrating consideration for their neighbors and an understanding of their responsibilities as a tenant. By selecting tenants who are compatible with the property's policies, landlords can create a cohesive and enjoyable community for all residents.
Respect For The Property And The Neighborhood
Keeping on the same topic of compatibility with the unit, a tenant also has to be compatible with the community and respectful of their neighbors since the right tenant treats a rental property with respect and cares for it as if it were their own. They adhere to the terms of the lease agreement, follow property rules and regulations, and promptly report any maintenance issues, as we’ve established above.
But they also respect the rights and privacy of their neighbors, maintaining a positive relationship within the community. A tenant who shows respect for the property and community fosters a harmonious living environment and contributes to the overall well-being of the rental property.
As you can see, we keep talking about the importance of a tenant being good for the neighborhood as well, so let’s dig a little deeper into this topic of community behavior a tenant should present.
The right tenant for your home should exhibit neighborly behavior and foster positive relationships with fellow residents. They may engage in acts of kindness, such as offering to assist elderly neighbors, organizing community events, or creating a sense of camaraderie within the property. Their friendly and considerate attitude helps cultivate a welcoming and tight-knit community that can later turn into a better relationship with everyone, and overall happier tenants.
One of the most appreciated and key qualities of a good tenant is honesty. If something happens that negatively affects their financial situation and rent becomes unaffordable, a landlord will always appreciate honest communication about the issue. And while a tenant isn’t necessarily obligated to share all their personal information with you, they are required to pay their rent throughout the lease term, and being honest about any issues that can arise along the way can be the grounds for a trusting landlord-tenant relationship.
Good Credit Score
Every landlord should know that one of the most detrimental factors to consider when evaluating potential tenants is their financial stability. The right tenant should have a reliable source of income that enables them to pay rent consistently and on time.
If a prospect has a good credit score, it’s a good all-around indication of their ability to make reliable payments and also shows that the person pays attention and cares about financial reputation. And even though a good credit score alone can’t really tell you whether a tenant is going to treat your property with respect or not, it does say a lot about a person’s history and sense of financial responsibility.
Credit scores are calculated based on several factors which can include a person’s previous payment history, the amount they currently owe, how long they’ve been making payments, how much new credit they have, and the types of credit cards they use.
Respectful Of The Lease Terms
A standard lease agreement forbids any illegal activity on the property or any behavior that threatens the safety of the community, and the right candidate will uphold these rules as well as any other lease terms with no problem whatsoever.
Lease terms that are commonly broken by some rebellious renters might involve pets or obnoxious parties that disturb other renter’s right to a quiet enjoyment. Beyond the failure to pay rent, lease violations like these constitute legitimate grounds for eviction, which is expensive and stressful for all landlords. However, the right tenant would have absolutely no issue with these requirements.
Participation in Property Improvement
A compatible tenant may actively contribute to the improvement and maintenance of the property. They may volunteer for community clean-up days, suggest ideas for property enhancements, or collaborate with the landlord or property manager to address common issues or concerns. Their engagement demonstrates a vested interest in the property's well-being and helps foster a sense of pride and ownership among tenants.
While it’s tempting to fill your property vacancy as quickly as possible, the faster you fill the hole, the sooner you’ll be able to collect the rent money regularly. It could be worth your patience and time to wait for the right candidate to come along in the long run. By finding the right responsible tenant, you can enjoy a stress-free rental experience, confident in the knowledge that your property is in capable and caring hands.
A property manager can help guide you through the process of figuring out which tenant is the right one for your property since managers are knowledgeable professionals who know what to look for when it comes to good and bad qualities. This way they help you and your property flourish as much as possible.
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