Let’s talk about how to deal with a tenant who abandons your property.<\/p>\n
Before we get into the nitty-gritty of what you should do if your tenant abandons your property, you need to reduce your risk of that ever happening. You do that by having a really good tenant qualification process<\/a>.<\/p>\n Something we do at our property management company when we evaluate tenants that you should do is check their income. Their income has to be three times the monthly rent. Call the employer to make sure that the paystub figures are accurate.<\/p>\n Another thing you need to do is an eviction history check. If anyone has any kind of eviction on their record, in my opinion, that should be an automatic fail. This is because the likelihood of them doing that again is pretty high.<\/p>\n Last but not least, you need to do a background check. Anyone with criminal activity from a felony standpoint or along those lines, in my opinion, you should not rent to. They just tend to come with a lot of problems.<\/p>\n If they have minor criminal activity that’s years and years old, we try and work out a deal. I suggest that you do, too.<\/p>\n I always like to joke around and say that money speaks every language. So if someone is willing to put down three to six months of rent in advance or a large deposit, that should minimize your risk because you\u2019ll have that buffer of capital.<\/p>\n Again, give yourself the best chance before you put a tenant in that property if you want that tenant to stay and pay.<\/p>\nPractice Prevention: Screen Tenants Well<\/h2>\n