The key to finding the right tenants is asking the right questions. When a potential renter calls you for a viewing of your Denver rental, you should be able to get information from them right away, which would tell you if they’re a good fit.
Usually, agents from Denver rental property management companies such as Bergan & Company ask these questions to would-be tenants:
Why are you looking for a rental property?
This is basic but important because this will tell you a lot already about their background. You should get tenants who have legitimate reasons for moving, like, they want a bigger unit or their jobs relocated. You don’t want tenants who are moving because they’ve been evicted, or they’ve been having problems with their previous landlord. If they had issues with their previous property manager, there’s a high chance that this tenant will also have issues with you.
What’s your source of income?
This will give you an idea if the tenant can afford the unit you’re renting out. Ideal tenants are those who have a regular job that pays thrice your monthly rent. This is a safe estimate that they’ll be able to keep up with the rental fee.
You may also ask if they’ll be able to give a security deposit and first month’s rent when they move in. If they can’t and instead promised they’re going to pay days after the move in, it may start a habit of delaying payment, which is real trouble for you down the line.
Can you give me contact details of your employer and previous landlord?
Employers will help you confirm if they’re truthful about their income. Previous landlords will give you a picture of what kind of tenant they were.
Good renters are more than willing to share the contact details of these people because they want you to know that they’re responsible and therefore a good candidate for a renter. But if your potential tenant gets uneasy when you ask for references, it’s probably because they have something to hide — a job loss or worse, a criminal history.
These questions will give you a profile of a potential tenant, background, and ability to afford your rental unit. Keep these things in mind as you screen renters.