The Three P’s of Rental Properties

Being a landlord is not easy, however there are three areas that landlords need to understand in order to get good tenants. People, place and perception are the three P’s a successful landlord or property owner should be proactive about. First off, people that reside in an apartment unit can make or break the property. It is important for the landlord to have a harmonious relationship with the renter from the application phase to the rental phase. This starts with a thorough tenant background check to verify information and find out if the applicant has any criminal records on file and if they have good credit history. Tenant screening is very important in finding the right long term tenant. Place – is the second “P” and refers to the maintenance of the property itself. A well maintained and groomed property is quickly assessed by its appearance and also helps with the last “P” – Perception… The perception of a property is very important to the rental community and the property needs to have a good reputation. This includes being in a safe area to live in and having a low crime rate with little to no malfeasance activity. To learn more about the importance of the three P’s of rental properties read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/tenant-screening-risk-mitigation-and-the-three-ps-of-rental-properties/