If you've got a property, and you're thinking about renting it out, you need to get yourself renters, and right quick. There are right and wrong ways to take tenants, here's the right ways. If you want to read part-2, about the wrong ways, we'll cover that too.The Right Way:
1 – Easy breezy, hire a company to do it for you. They're pricey, but so it goes.
2 – Never be blinded by the cash, always check all rental and employment references.
3 – Don't take renters' words for telephone numbers. Google them and call the REAL numbers.
4 – If the renter doesn't qualify, demand (unwaveringly) a cosigner.
5 – Make certain the cosigner is qualified. I got burned by a deadbeat cosigner once, it's trash.
6 – Don't be a racist, but aside from that, let your gut tell you what to do.
Also check out our blog post on What NOT to do
