We all know the demand for housing and popularity of new, trendy neighborhoods in Philadelphia is surging. A great deal of properties in these neighborhoods are being bought up for the purpose of renting. Now is a key time for any new investors, looking to earn extra income, to grab what is still available. However, once you've found the property you want to fill it with honest, dependable tenants. This is where things can get tricky. Because every prospective rentee is a new tenant to you, it can be difficult to predict your relationship with them. Are they reliable? Are they financially stable? Will they be trustworthy, and respectful of your property? For all these reasons, it is important to screen every prospect carefully. Below is a link to an article outlining the 4 major steps to screening potential tenants.
http://www.trendmls.com/News/IndustryNewsShowDoc.aspx?InmanId=214339
We hope this helps any new renters/landlords in their search for a desirable tenant. We at the Donna Santore team are always here to answer your questions about buying, renting, or selling in Philly.
