If you have a home in Philadelphia that you’re interested in renting out, one of the first things on the top of your mind is finding the right tenants to live on your property. After all, your home is precious to you; you don’t want to rent it out to just anyone!
Here are three tips to find the right tenants for your property.
- Make sure you’re following the Fair Housing Act. Your search to find the right tenant does not allow you to go against the Fair Housing Act. Under the Fair Housing Act, you are not allowed to discriminate based on protected classes like race, gender, nation of origin, religion and familial status (families with children). Many states may also have their own protected classes. Make sure you research your local laws to make sure you are working legally.
- Call a previous landlord. You are allowed to ask for references when a tenant applies to rent your home. You should try to talk to at least two of your potential tenant’s former landlords and ask about what kind of renter they were. Did they pay their bills on time? How clean did they leave the home? Asking these types of questions can help you avoid renting to a problem tenant.
- Look for consistency. On the tenant’s application, look for their history of employment and housing. If they’re the type of person who moves often or changes jobs frequently, this pattern will likely continue in your home. Beware!
If you’re sick of running all over town and wondering, “Who will rent my home in South Philly?” let our team at DJCRE Property Management do the work for you! Hiring a property manager in Philadelphia can help to find the right tenants for your property, giving you peace of mind.
If you’d like to learn more about property management, browse our website or give us a call at 215-720-1097.