Archive for category Apartment Buildings

5 Keys to Getting Great Tenants Into Your Apartment Buildings

By Darin Garman

One of the most important parts of managing an apartment building is tenant screening. Choosing tenants wisely will do more to make your job easier as an property manager than probably any other activity you can do.

As always, laws do vary from state-to-state and this is for informational purposes only. You should always check with a professional if you need legal advice.

OK great, let’s get right into things.

5 Keys to Getting Great Tenants Into Your Apartment Buildings

1. Always Check Credit History.
This is a must for anyone that has been a professional property manager for some time. Nothing will help display a potential resident’s ability to pay the rent on time than their credit history. The main thing we are looking for here is a good payment history and that they are not overly burdened with debt.

2. Always Check Criminal Background.
Many property managers that do check credit history miss on this one. Always check a prospective tenant’s criminal background. Many times what you will find is that someone with a lengthy criminal history will also have bad credit. So they do sometimes go hand-in-hand. In any event, you do want to make sure you are running a safe, comfortable place for your existing tenants to live.

3. Always Check Resident History & Job References.
Again, many property managers may try to skip this step – especially if there is a good “gut feel” for the prospective resident. But you should always check with their previous landlords and make sure they paid on time and were good residents. You will also want to verify their current employment status by calling their employer.

4. Have an Income Requirement.
This can be very simple. You basically can take the rent and multiply by 3 or 4 times – and that should be their minimum income. This will help show that your prospective residents meet a minimum income requirement to show their ability to pay the rent. You can also have them bring in paycheck stubs or deposit receipts to help support their income stating.

5. Always Have Tenants Pay Deposit & First Month’s Rent in a Cashier’s Check.
If you have done all of your homework above, you may feel that this is not necessary. However, keep in mind that you are renting an asset that is worth tens of thousands of dollars. Have them pay with a cashier’s check for deposit and first month’s rent. You do not want to find out their first month’s rent check did not clear after they have moved in!

By the way, if you liked this article, you will probably like my new report and video series, “The 7 Biggest Mistakes Investors Make When Buying Income Property.”

No Comments

Some Unique Facilities Of An Amsterdam Apartment Rental

By Henry Colin Paul

Some Unique Facilities Of An Amsterdam Apartment RentalAmsterdam is a huge city in a small country. About 750,000 people stay here and 3.5 million visitors come to this country every year for various purposes. There are many apartments in this city to provide accommodation to these tourists. These places of stay have become very popular in the recent years. Tourists usually book these short stay accommodations when visiting Amsterdam. So if you are looking for an affordable and comfortable accommodation, Amsterdam apartment rental must be your choice.

You can find a wide range of these short stay accommodations matching your taste. These places of stay are stylishly furnished and have everything that tourists require. They have become a much preferred option for short stays in comparison to hotels. A huge number of tourists are booking their stay in these Amsterdam apartments.

Various unique facilities are provided by these lodgings. The first and foremost facility that is attracting a large number of tourists to these accommodation places is their cooking provision. The kitchen is fully equipped. Tourists can prepare their own meals on their own schedule. This means if you want to have breakfast at mid-day, you can do so. Moreover preparing the meal in the apartment is surely a much reasonable option than buying food from hotels or taking meals from outside.

Then again, these apartments are located in the most important areas in the capital city of Netherlands. This means by staying here some of the most popular tourist spots and entertainment venues can be at an accessible distance.

You can even get more living space for a much lesser rate than a hotel if you rent apartment in Amsterdam. When renting an apartment you can enjoy the freedom of staying in a full apartment with a bathroom, living room, bedrooms as well as a kitchen. You can even enjoy privacy in these short stay accommodations.

Booking for an Amsterdam apartment rental means you can determine your own time for going to bed, eating your breakfast, getting up in the morning and going out at night. Most of the hotels are usually very strict with their regulations and do not allow their guests to enjoy their stay to the fullest.

Stylishly decorated with flat screen TV, chairs, bar table, comfortable couch and many more things, these apartments offer a touch of class and sophistication. Some of these short stay apartments even provide tea/coffee making facilities, elevators, phone, dryer, private bathroom and internet broadband connection

No Comments