Hey everyone! Alex Smith here from evernest, Chattanooga. I wanted to do another Questions Owners Ask and answer the question “What Does a Good Tenant Look Like?”
Point Number One:
The first thing you should look at is their credit score.
For some reason, a lot of landlords and property managers don’t look at credit score.
This baffles me because credit score is one of the primary indicators of how likely someone is to pay their bills on time.
When you get a credit report you can see what bills they have paid late and how late they paid them. These are important signs to look at involving a tenant.
Point Number Two:
The second thing you want to look at is if they have left any outstanding balances to previous landlords.
You can sometimes see this on a credit report. Another way to find out is by calling past landlords found on their application. Let them know who are and ask them about any remaining payments required.
Even if it is as little as a hundred dollars, that is a red flag in our book.
We don’t want someone to move out of your house and leave owing you money.
Point Number Three:
The last thing you definitely want to check is criminal history.
What we look for here is whether or not they pose a threat to your home or the community at large.
Check the criminal history to see if there is anything in their background that indicates they are a threat.
I hope this answers the question of What Does a Good Tenant Look Like in Chattanooga. If you have any questions or concerns please feel free to reach out. We would love to help.
Thanks, everyone.
Spencer is the VP of Marketing at Evernest. He wakes up with Google and Facebook on his mind. Having bought and sold over 150 homes in Birmingham, Spencer gets a kick out of helping new and seasoned investors navigate the mistakes he made as an investor. Spencer is also passionate about his love for Michael Jordan and does his best to explain to the Millennials (who never saw him play live) how much better he was than LeBron. He loves to hang out with his wife, kids, and the world’s best black lab, Jett.