Do You Own an Income Property? Here Are Four Tips for Finding Great Tenants

Trusting another individual with your property can be nerve-wracking because it’s difficult to gauge how well they’ll care for their home from a viewing and rental application alone. However, there are several steps you can take to help ensure that you select responsible tenants that will take good care for your property while they live there.

1. Make Your Home Desirable

When creating your rental listing, show your property at its absolute best and list its attractive features. The listing should be well written with proper capitalization and full sentences, even if it’s only going on Craigslist. Include plenty of photos that are staged nicely to show the full potential of the home both inside and out.

If you want the best applicants, strive to be the best property! You need to attract tenants who are looking for a home rather than a crash pad.

2. Have A Thorough Application Process

Don’t be afraid to ask for in-depth information from your applicants. The more you know about them the more you can assess what kind of a tenant they’ll be. An application should ask for:

– full name
– the applicant’s job & their supervisor
– their income
– current address
– government identification (i.e. a photocopy of their driver’s license)
– next of kin or an emergency contact
– previous landlord references
– any additional info you think is necessary

3. Check References

One of the most important things you can do when choosing a tenant is check their references. At least one reference should be a past landlord, and it’s great to contact a current employer as well. Favor applicants who can prove they’ve been a good renter in the past and who seem to have reliable employment.

When calling references have a prepared list of questions. For past landlords you’ll want to ask about their cleanliness, if there was any damage to the property, noise complaints, or missed rent. When speaking to an employer, make sure to ask how long they’ve been working there, whether they’re a reliable worker, whether they’re respectful, and if they can see them continuing to work there for the long-term.

4. Meet Them!

Always meet potential tenants in person. See if they have a pleasant demeanor, if they’re easy to talk to and are polite to you, and whether they seem to take care of themselves. Trust your gut, if you have a bad feeling about someone then it may be best to keep looking.

Need more advice on income properties? Give me a call today – J.P. Cook – 602-320-4253.

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8655 W Alvarado Road Phoenix, AZ 85037

$460,000

4 Beds

2 Baths

1,819 SqFt

Status Active

MLS # 6651919

Property Type Single Family Residence

Price Type --

Beautiful Home in a great neighborhood with private pool for the hot summer! Featuring 4 bedrooms, 2 bathrooms, living room, family room, open floor plan with vaulted ceiling, tile and wood floors, 3 car garage, cover patio, ramada, kitchen with island, new paint, close to schools, park , shopping and 101 & I-10 Freeways.

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22348 N Braden Road Maricopa, AZ 85138

$460,000

5 Beds

3 Baths

2,912 SqFt

Status Active

MLS # 6654144

Property Type Single Family Residence

Price Type --

This remarkable home is situated in the renowned golf community of Rancho El Dorado, offering a high-end resort ambiance with scenic walking paths, serene lakes, and a variety of dining options and nearby shopping. Located in the ever-growing areaof Maricopa, this Adorable 5 Bed/3 full Bath home is move in ready! Open floor concept, with spacious backyard, landscaped with beautiful green grass, perfect for entertaining! Upstairs features a loft with built in desks and entertainment area. Located near shopping and amenities.

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5209 N 24th Street Phoenix, AZ 85016

$460,000

2 Beds

2 Baths

1,192 SqFt

Status Active

MLS # 6658777

Property Type Apartment

Price Type --

Don't miss this charming 2 bed/2 bath tucked away in the serene little community of Cloisters in the heart of Biltmore! Light and bright this property features an open floor plan with lots of windows, laminate flooring and fresh paint throughout. You will also find all new cabinetry, quartz countertops, tile backsplash, stainless steel appliances, and upgraded fixtures and lighting throughout. The well maintained community is beautifully landscaped and offers amenities such as tennis courts, fitness center, and two pools, spa, tea room, and walking path. And all of this within a short walk to tons of shopping and great places to eat!

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21233 N 30th Avenue Phoenix, AZ 85027

$460,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6659219

Property Type Single Family Residence

Price Type --

Beautiful north Phoenix home in a great location! Luxury vinyl plank flooring and new interior paint provide a bright, neutral landscape for you to personalize. An Arizona room makes a perfect sitting area with it's own mini split, office or gym space. Backyard with grass, patio and paved sitting area. White cabinets in the kitchen and new fixtures have modernized this great home. No neighbors behind, backs to grass field. Additionally, the inclusion of solar panels- OWNED, new Ecobbe thermostat and a Tesla charger highlights the home's commitment to sustainability and modern technology, offering both energy efficiency and convenience for electric vehicle owners. Overall, this property presents an appealing combination of comfort, style, and practicality.

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