A successful rental experience for Atlanta landlords and property owners starts with excellent tenant selection.
With the right tenant, you get predictability and profit; you’ll bring in reliable rental income each month, your property will grow in value, and your ROI will steadily increase throughout the tenancy. A bad tenant, however, will only cost you time and money. Bad tenants bring risks, including the risk that they won’t pay rent. Bad tenants can also cause property damage or lead you towards evictions, which are expensive and time-consuming.
No one can predict with 100 percent accuracy how a tenant will perform. However, you can protect yourself and your property with a smart tenant placement process. Tenant screening is critical, and it starts long before the application is turned in.
Take your time and put in the work that’s required to find the best tenant. If you are struggling with time or resources, hand the process over to a professional property manager. Property managers can immediately identify the red flags that would make an applicant questionable.