Far West Realty - Rentals and Propery Management in Prescott
 

Screen 'Em, and Screen 'Em Well!

I’ve said it before and I’ll keep saying it – “You cannot be too careful or too thorough in screening your prospective tenants.”  This is one area where the rental real estate investor just can’t afford to cut corners.  I’ve gone on more than one rant declaring as have many in the past, “An ounce of prevention is worth more than a pound of cure.”  It’s not that hard.  Just a few simple steps need to be taken, and a whole world of storms can be completely avoided. Far West Realty’s Property Management division in Prescott brings you additional information to consider. Far West Realty discusses the importance of screening tennants for rental properties in Prescott

Meet them face to face.  Conduct a real interview.  It doesn’t have to be stuffy or intimidating.  Just sit down with them and have a chat.  Weave key questions about such things as pets, smoking, employment, evictions or any criminal records, into the conversation but more important is to just watch and listen.  Limit your words, and just do most of the listening.  Help them get comfortable.  Get them talking, and you’ll be amazed what a prospective tenant will reveal about themselves, without really even intending to.  I emphasize:  watch AND listen.  Most of us have pretty reliable built in lie detectors, but many of us don’t pay enough attention to them when they’re screaming at us.

Always perform a background check.  It’s easy to do or have done in today’s age of rampant technology.  You do need to know what their credit looks like, and that isn’t just about the score.  It will be important to know what their debt to income ratio is, and a credit report will be a pretty reliable indicator of the regularity of their debt payments.  In other words, do they take their financial obligations seriously?  If they do, you can usually be assured that they will put the roof over their heads in 1st position, and pay their rent on time each month.  A good background check will also reveal any criminal history, and their address history.  The address history is important to you as a landlord, because it will show you if they tend to move around a lot, rather than being in pretty stable in the same locations for longer periods of time. 

Speak to previous landlords whenever possible.  Real landlords or property managers have a vested interested in helping other landlords or property managers avoid the bad tenants that don’t pay their rent, or end up damaging property – especially with pets.  But, don’t place TOO much faith in a phone conversation with a landlord, because they may have other agendas, such as getting you to rent to the bad tenant they currently have so that tenant will get out of their property asap.  I once actually had a prospective tenant’s mother pose as her previous landlord over the phone, and tell the most amazing lies about what a wonderful tenant she had been. And in fact, the applicants did appear pretty solid on paper.  But, a few days later, the actual previous landlord walked into my office wanting me to manage his property for him, because he was just tired of cleaning up after, and spending money on damage done by bad tenants. In the course of our conversation, it became clear that we’d both been conned by the same bad tenants.  Don’t let that happen to you.  Look at the big picture provided by the entirety of a thorough and complete background check, before you decide to let an applicant into your investment rental.

Finally, no matter how good they look on paper, or in any other way, if your lie detector (gut) tells you there’s something rotten in Denmark, there probably is.  Listen to your gut.  And, if you’re just not sure, or just plain tired of the hassle, call Far West Realty at 928-772-9400.

 

Posted to: Helpful Property Management Articles

 

All Blog Posts

 

Do you own rental properties? Learn the processes for property management in Prescott by Far West AZ

Far West Property Management on facebook
Far West Property Management on googleplus
Far West Property Management on youtube
Far West Property Management on tumblr
Far West Property Management on blogger
Far West Property Management on yelp
Far West Property Management on facebook Far West Property Management on google+ Far West Property Management on youtube Far West Property Management on tumblr Far West Property Management on blogger 
© Far West Property Management | Photo Credits | Privacy Policy
Review:
"We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff...." read more
- Tammy and Jim
 
Review:
"Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them. ..." read more
- Jim Bogner
 
Review:
"Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant..." read more
- Kent
 
Review:
"I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care..." read more
- Korina Elliott
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry & Carol Bourque
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry and Carol Bourque
 
Review:
"Dave, Re: Our Experience with Far West Realty We have had an excellent experience with David Hamill and his staff at Far West Realty. The goals of the owners and..." read more
- Ken & Diana Turner
 
Review:
"We originally contracted with another Property Management house in Prescott, but they proved that they were incapable of doing even the most basic of jobs (like keeping the power turned..." read more
- David Hresko
 
Review:
"I was a commercial property manager/leasing agent for 26 years in Newport Beach and I well know that it takes some very special skills and abilities in order to manager..." read more
- Cathy M. Prescott, AZ
 
Review:
"I\'ve had Far West for my property management for several years. They take care of everything and send me a check! They schedule regular inspections so that I..." read more
- Theresa Williams
 
Review:
"I have been associated with Far West Realty since it opened. Dave has handled my properties and he is excellent. This is the third property management company I have dealt..." read more
- Jane Deleeuw
 
Review:
"Great, dependable, and honest people that meet the needs of their customers..." read more
- Alex Spence
 
Review:
"Prior to using Dave Hamill at FarWest, I went thru so many management companies. I have been with Far West for many years now! When Dave says he..." read more
- Bernadette Lafferty
 
Review:
"My wife and I have used Dave's services since we bought our property in 2011. As absentee owners, we were concerned about managing our rental property and Dave and..." read more
- Larry Blachut
 
Review:
"Best property manager in Prescott area. Dave handled all aspects of the Leasing and managing of our single family home As an out of state owner,..." read more
- Judy Rosenberg
 
Review:
"Far West Realty has been my property manager in Prescott for the last six years. Dave Hamill and his crew have done a good job for me. They..." read more
- Jim F. Austin TX
 
Review:
"David Hamill is very conscientious and professional. If you are considering Far West Realty for property management services, you will be pleased with their expertise, care, and attention.  Your financial..." read more
- Kent K. Newport Beach, CA
 
Far West Property Management 5 out of 5 based on 17 ratings.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff. The very few concerns or problems we have had with our unit have always been met with real consideration and responsiveness. Further, Dave and his staff are readily accessible and always courteous. Tammy and Jim
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant selection, lease negotiation, recovery when a former tenant didn't pay the last month's rent, cleaning, maintenance, marketing, managing repair work, etc. Dave and his team were always professional, courteous, competent, and just nice people. I wholeheartedly recommend them!
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care of. I have complete faith in Dave and his team in the oversight of my property. They are thorough and very prompt in any given situation. I love the fact that I know that the house is being taken care of with TLC. You can't put a price on piece of mind and that is exactly how I benefit from using them. I would strongly recommend using Far West for your management needs. You will not be disappointed.